Auren Energia Third Quarter 2024 Earnings: Beats Expectations

Auren Energia (BVMF:AURE3) Third Quarter 2024 Results

Key Financial Results

• Revenue: R$2.05b (up 26% from 3Q 2023).
• Net income: R$270.8m (up from R$838.1m loss in 3Q 2023).
• Profit margin: 13% (up from net loss in 3Q 2023). The move to profitability was primarily driven by lower expenses.
• EPS: R$0.27 (up from R$0.84 loss in 3Q 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 28%. Earnings per share (EPS) also surpassed analyst estimates by 93%.

Looking ahead, revenue is expected to decline by 15% p.a. on average during the next 3 years, while revenues in the Renewable Energy industry in South America are expected to grow by 3.1%.

Performance of the market in Brazil.

The company's shares are down 1.2% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Auren Energia (1 makes us a bit uncomfortable!) that you should be aware of.

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