Iberdrola Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Iberdrola (BME:IBE) Third Quarter 2024 Results

Key Financial Results

• Revenue: €10.5b (down 4.1% from 3Q 2023).
• Net income: €1.34b (up 20% from 3Q 2023).
• Profit margin: 13% (up from 10% in 3Q 2023). The increase in margin was driven by lower expenses.
• EPS: €0.21 (up from €0.18 in 3Q 2023).

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

Iberdrola EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 24%. Earnings per share (EPS) exceeded analyst estimates by 8.7%.

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

Performance of the market in Spain.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

It is worth noting though that we have found 3 warning signs for Iberdrola (1 makes us a bit uncomfortable!) that you need to take into consideration.

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