AES Brasil Energia First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

AES Brasil Energia (BVMF:AESB3) First Quarter 2024 Results

Key Financial Results

• Revenue: R$828.6m (up 5.4% from 1Q 2023).
• Net loss: R$106.3m (down from R$13.9m profit in 1Q 2023).
• R$0.017 loss per share (down from R$0.023 profit in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

AES Brasil Energia Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 18%. Earnings per share (EPS) missed analyst estimates.

Looking ahead, revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 1.3% decline forecast for the Renewable Energy industry in Brazil.

Performance of the Brazilian Renewable Energy industry.

The company's shares are up 3.1% from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for AES Brasil Energia (1 shouldn't be ignored!) that you need to take into consideration.

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