Enel Chile Third Quarter 2022 Earnings: Beats Expectations

Enel Chile (SNSE:ENELCHILE) Third Quarter 2022 Results

Key Financial Results

• Revenue: CL$1.30t (up 70% from 3Q 2021).
• Net income: CL$100.2b (up from CL$15.0b loss in 3Q 2021).
• Profit margin: 7.7% (up from net loss in 3Q 2021).
  • The move to profitability was driven by higher revenue.
• EPS: CL$1.45 (up from CL$0.22 loss in 3Q 2021).

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

Enel Chile Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 22%. Earnings per share (EPS) also surpassed analyst estimates.

Looking ahead, revenue is expected to decline by 2.7% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in South America are expected to grow by 3.3%.

Performance of the market in Chile.

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

Risk Analysis

Before you take the next step you should know about the 3 warning signs for Enel Chile (1 is concerning!) that we have uncovered.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.