What's driving ELLO's consecutive EPS growth?

Ellomay Capital Ltd. (NYSE American: ELLO) has not reported consecutive EPS growth, as the latest available data shows a decline in EPS from the second quarter of 2022 to the second quarter of 2023. Furthermore, no specific growth drivers were identified in the available financial reports and news articles for the EPS growth of ELLO. However, we can analyze the following factors that may impact its profitability:

1. **Market and Operational Challenges**: Ellomay Capital has faced challenges such as reduced electricity prices in Spain and lower gas prices in the Netherlands, which have impacted its revenues and profits. These factors could potentially affect its EPS growth.
2. **Project Development and Administrative Costs**: The company has mentioned increased project development and administrative costs due to consultancy expenses. These additional expenses could negatively impact its net income and, consequently, its EPS.
3. **Foreign Exchange Losses**: Ellomay Capital has reported significant foreign exchange losses due to currency fluctuations, which could affect its overall profitability and EPS.
4. **Strategic Growth Initiatives**: Despite the challenges, Ellomay Capital has been actively involved in strategic growth initiatives, such as advancing projects in Italy and the USA, and planning to expand its Dorad power plant in Israel. These initiatives could potentially lead to improved profitability and EPS growth in the future.

In conclusion, while Ellomay Capital has not shown consecutive EPS growth, various factors such as market challenges, operational costs, foreign exchange losses, and strategic initiatives are likely to impact its profitability and future EPS growth.