Auren Energia Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Auren Energia (BVMF:AURE3) Second Quarter 2024 Results

Key Financial Results

• Revenue: R$1.45b (flat on 2Q 2023).
• Net income: R$91.1m (down 50% from 2Q 2023).
• Profit margin: 6.3% (down from 13% in 2Q 2023).
• EPS: R$0.091 (down from R$0.18 in 2Q 2023).

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

Auren Energia Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 16%. Earnings per share (EPS) missed analyst estimates by 9.2%.

Looking ahead, revenue is forecast to decline by 7.6% 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 down 2.2% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Auren Energia that we have uncovered.

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