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

Equatorial Energia (BVMF:EQTL3) Second Quarter 2024 Results

Key Financial Results

• Revenue: R$10.5b (up 14% from 2Q 2023).
• Net income: R$508.5m (down 1.8% from 2Q 2023).
• Profit margin: 4.8% (down from 5.6% in 2Q 2023). The decrease in margin was driven by higher expenses.
• EPS: R$0.44 (down from R$0.47 in 2Q 2023).

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

Equatorial Energia Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) missed analyst estimates by 24%.

Looking ahead, revenue is forecast to stay flat 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

What about risks? Every company has them, and we've spotted 2 warning signs for Equatorial Energia (of which 1 doesn't sit too well with us!) you should know about.

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