Stock Analysis
Grenergy Renovables (BME:GRE) Third Quarter 2024 Results
Key Financial Results
- Revenue: €85.4m (down 32% from 3Q 2023).
- Net income: €5.90m (down 92% from 3Q 2023).
- Profit margin: 6.9% (down from 56% in 3Q 2023). The decrease in margin was primarily driven by higher expenses.
- EPS: €0.21.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Grenergy Renovables Earnings Insights
Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Renewable Energy industry in Spain.
Performance of the Spanish Renewable Energy industry.
The company's shares are down 2.4% from a week ago.
Risk Analysis
It is worth noting though that we have found 2 warning signs for Grenergy Renovables that you need to take into consideration.
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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.
About BME:GRE
Grenergy Renovables
Operates as an independent power producer.
