AES Brasil Energia Second Quarter 2024 Earnings: Revenues Beat Expectations

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).

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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