Stock Analysis

Engie First Half 2024 Earnings: EPS: €0.78 (vs €0.37 loss in 1H 2023)

Published
ENXTPA:ENGI

Engie (EPA:ENGI) First Half 2024 Results

Key Financial Results

  • Revenue: €37.5b (down 20% from 1H 2023).
  • Net income: €1.89b (up from €893.0m loss in 1H 2023).
  • Profit margin: 5.0% (up from net loss in 1H 2023). The move to profitability was driven by lower expenses.
  • EPS: €0.78 (up from €0.37 loss in 1H 2023).
ENXTPA:ENGI Earnings and Revenue Growth August 4th 2024

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

Engie Earnings Insights

Looking ahead, revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Integrated Utilities industry in Europe.

Performance of the market in France.

The company's shares are up 3.4% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Engie has 3 warning signs (and 1 which is a bit concerning) we think you should know about.

Valuation is complex, but we're here to simplify it.

Discover if Engie 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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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.