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

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).

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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