Stock Analysis
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ENCE Energía y Celulosa Second Quarter 2024 Earnings: Misses Expectations
ENCE Energía y Celulosa (BME:ENC) Second Quarter 2024 Results
Key Financial Results
- Revenue: €242.3m (up 43% from 2Q 2023).
- Net income: €18.6m (up from €34.6m loss in 2Q 2023).
- Profit margin: 7.7% (up from net loss in 2Q 2023).
- EPS: €0.085 (up from €0.14 loss in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
ENCE Energía y Celulosa Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 40%.
Looking ahead, revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Forestry industry in Europe.
Performance of the market in Spain.
The company's shares are up 2.6% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 3 warning signs for ENCE Energía y Celulosa you should be aware of, and 1 of them doesn't sit too well with us.
Valuation is complex, but we're here to simplify it.
Discover if ENCE Energía y Celulosa might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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About BME:ENC
ENCE Energía y Celulosa
Produces and sells eucalyptus hardwood pulp and renewable energy in Spain, Germany, Poland, Italy, the Netherlands, the United Kingdom, Greece, Turkey, and internationally.