ENCE Energía y Celulosa Third Quarter 2024 Earnings: Misses Expectations

ENCE Energía y Celulosa (BME:ENC) Third Quarter 2024 Results

Key Financial Results

• Revenue: €219.6m (up 28% from 3Q 2023).
• Net income: €14.3m (up from €24.0m loss in 3Q 2023).
• Profit margin: 6.5% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue.
• EPS: €0.06 (up from €0.10 loss in 3Q 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 2.7%. Earnings per share (EPS) also missed analyst estimates by 54%.

Looking ahead, revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Forestry industry in Europe.

Performance of the market in Spain.

The company's shares are up 2.3% from a week ago.

Risk Analysis

You should learn about the 3 warning signs we've spotted with ENCE Energía y Celulosa (including 2 which are a bit unpleasant).

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