WBAG:EVNElectric Utilities
EVN (WBAG:EVN) Stock Holds Firm As Grid Profits Mask Generation Weakness
EVN stock closed at €29.2 on Friday, roughly flat over the past month, which suggests investors have taken the latest numbers in stride. The headline is that earnings power looked firm despite a tougher operating backdrop. Basic earnings per share reached €1.19 in Q3 and the trailing net profit margin sat at 16.2%. That margin compares with 13.3% a year earlier and is now doing the heavy lifting in the EVN story, even as guidance and forecasts point to softer growth ahead.
Is EVN’s richer P/E...