HELLENiQ ENERGY Holdings Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

HELLENiQ ENERGY Holdings (ATH:ELPE) Third Quarter 2024 Results

Key Financial Results

• Revenue: €3.19b (down 6.3% from 3Q 2023).
• Net loss: €197.6m (down by 166% from €300.3m profit in 3Q 2023).
• €0.65 loss per share (down from €0.98 profit in 3Q 2023).

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

HELLENiQ ENERGY Holdings Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 4.2%. Earnings per share (EPS) missed analyst estimates by 38%.

Looking ahead, revenue is expected to fall by 4.1% p.a. on average during the next 3 years compared to a 1.1% decline forecast for the Oil and Gas industry in Europe.

Performance of the market in Greece.

The company's shares are down 4.0% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 3 warning signs for HELLENiQ ENERGY Holdings (1 makes us a bit uncomfortable!) that you should be aware of.

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