Enefit Green Third Quarter 2024 Earnings: EPS Misses Expectations

Enefit Green (TAL:EGR1T) Third Quarter 2024 Results

Key Financial Results

• Revenue: €43.5m (flat on 3Q 2023).
• Net income: €5.45m (up 8.4% from 3Q 2023).
• Profit margin: 13% (in line with 3Q 2023).
• EPS: €0.021 (up from €0.019 in 3Q 2023).

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

Enefit Green EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 65%.

Looking ahead, revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Renewable Energy industry in Europe.

Performance of the market in Europe.

The company's shares are down 3.7% from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with Enefit Green.

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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.