Public Power Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Simply Wall St

November 15, 2024

Public Power (ATH:PPC) Third Quarter 2024 Results

Key Financial Results

Revenue: €2.56b (up 32% from 3Q 2023).
Net loss: €2.90m (down by 106% from €50.1m profit in 3Q 2023).
€0.008 loss per share (down from €0.14 profit in 3Q 2023).

earnings-and-revenue-growth — ATSE:PPC Earnings and Revenue Growth November 15th 2024

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

Public Power Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 28%. Earnings per share (EPS) missed analyst estimates.

Looking ahead, revenue is expected to decline by 3.6% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to grow by 2.2%.

Performance of the market in Greece.

The company's shares are up 2.5% from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for Public Power 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.