CPFL Energia Third Quarter 2024 Earnings: Revenues Beat Expectations

CPFL Energia (BVMF:CPFE3) Third Quarter 2024 Results

Key Financial Results

• Revenue: R$10.9b (up 8.8% from 3Q 2023).
• Net income: R$1.26b (up 1.4% from 3Q 2023).
• Profit margin: 12% (in line with 3Q 2023).

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

CPFL Energia Revenues Beat Expectations

Revenue exceeded analyst estimates by 19%.

Looking ahead, revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Electric Utilities industry in Brazil.

Performance of the Brazilian Electric Utilities industry.

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

Risk Analysis

Before you take the next step you should know about the 3 warning signs for CPFL Energia (2 are significant!) that we have uncovered.

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