Stock Analysis

AES Brasil Energia Second Quarter 2024 Earnings: Revenues Beat Expectations

Published
BOVESPA:AESB3

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

Key Financial Results

  • Revenue: R$871.9m (up 14% from 2Q 2023).
  • Net loss: R$139.0m (down from R$8.15m profit in 2Q 2023).
BOVESPA:AESB3 Earnings and Revenue Growth August 6th 2024

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

AES Brasil Energia Revenues Beat Expectations

Revenue exceeded analyst estimates by 11%.

Looking ahead, revenue is forecast to grow 3.7% p.a. on average during the next 3 years, while revenues in the Renewable Energy industry in Brazil are expected to remain flat.

Performance of the Brazilian Renewable Energy industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for AES Brasil Energia that you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.