Auren Energia First Quarter 2024 Earnings: Beats Expectations

Auren Energia (BVMF:AURE3) First Quarter 2024 Results

Key Financial Results

• Revenue: R$1.40b (down 1.2% from 1Q 2023).
• Net income: R$253.6m (up 10% from 1Q 2023).
• Profit margin: 18% (up from 16% in 1Q 2023). The increase in margin was driven by lower expenses.
• EPS: R$0.25 (up from R$0.23 in 1Q 2023).

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

Auren Energia Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 18%. Earnings per share (EPS) also surpassed analyst estimates by 160%.

Looking ahead, revenue is forecast to decline by 7.5% 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 shares are up 1.4% from a week ago.

Risk Analysis

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

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