Equatorial Energia Third Quarter 2024 Earnings: Revenues Beat Expectations

Equatorial Energia (BVMF:EQTL3) Third Quarter 2024 Results

Key Financial Results

• Revenue: R$12.4b (up 19% from 3Q 2023).
• Net income: R$760.1m (up 5.6% from 3Q 2023).
• Profit margin: 6.1% (down from 6.9% in 3Q 2023). The decrease in margin was driven by higher expenses.

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

Equatorial Energia Revenues Beat Expectations

Revenue exceeded analyst estimates by 33%.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 1.3% growth forecast for the Electric Utilities industry in Brazil.

Performance of the Brazilian Electric Utilities industry.

The company's shares are up 4.0% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Equatorial Energia (1 makes us a bit uncomfortable) you should be aware of.

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