Eneva (BVMF:ENEV3) Second Quarter 2024 Results
Key Financial Results
- Revenue: R$1.94b (down 23% from 2Q 2023).
- Net income: R$1.07b (up 187% from 2Q 2023).
- Profit margin: 55% (up from 15% in 2Q 2023). The increase in margin was driven by lower expenses.
- EPS: R$0.67 (up from R$0.23 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Eneva Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) also surpassed analyst estimates.
Looking ahead, revenue is forecast to grow 3.5% 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 2.3% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 1 warning sign for Eneva you should be aware of.
Valuation is complex, but we're here to simplify it.
Discover if Eneva might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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About BOVESPA:ENEV3
Moderate growth potential and slightly overvalued.
