Eni (BIT:ENI) Third Quarter 2024 Results
Key Financial Results
- Revenue: €21.0b (down 7.2% from 3Q 2023).
- Net income: €522.0m (down 73% from 3Q 2023).
- Profit margin: 2.5% (down from 8.5% in 3Q 2023).
- EPS: €0.17 (down from €0.58 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Eni Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 5.2%. Earnings per share (EPS) also missed analyst estimates by 55%.
Looking ahead, revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 1.5% decline forecast for the Oil and Gas industry in Europe.
Performance of the market in Italy.
The company's shares are up 2.3% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 3 warning signs for Eni that you need to be mindful of.
Valuation is complex, but we're here to simplify it.
Discover if Eni 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.
About BIT:ENI
Adequate balance sheet average dividend payer.
