Engie Brasil Energia Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Engie Brasil Energia (BVMF:EGIE3) Third Quarter 2024 Results

Key Financial Results

• Revenue: R$2.54b (flat on 3Q 2023).
• Net income: R$655.0m (down 25% from 3Q 2023).
• Profit margin: 26% (down from 35% in 3Q 2023).
• EPS: R$0.80 (down from R$1.06 in 3Q 2023).

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

Engie Brasil Energia EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 4.6%. Earnings per share (EPS) exceeded analyst estimates by 11%.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 2.9% growth forecast for the Renewable Energy industry in South America.

Performance of the market in Brazil.

The company's shares are down 1.7% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 4 warning signs for Engie Brasil Energia (of which 3 make us uncomfortable!) you should know about.

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