Serena Energia Third Quarter 2024 Earnings: Revenues Beat Expectations

Serena Energia (BVMF:SRNA3) Third Quarter 2024 Results

Key Financial Results

• Revenue: R$1.06b (up 22% from 3Q 2023).
• Net income: R$36.2m (down 65% from 3Q 2023).
• Profit margin: 3.4% (down from 12% 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

Serena Energia Revenues Beat Expectations

Revenue exceeded analyst estimates by 29%.

Looking ahead, revenue is expected to decline by 8.3% p.a. on average during the next 3 years, while revenues in the Renewable Energy industry in South America are expected to grow by 2.8%.

Performance of the market in Brazil.

The company's shares are down 13% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Serena Energia that we have uncovered.

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