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- BIT:ENEL
Enel Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS In Line
Enel (BIT:ENEL) Second Quarter 2024 Results
Key Financial Results
- Revenue: €19.3b (down 6.7% from 2Q 2023).
- Net income: €2.14b (up 53% from 2Q 2023).
- Profit margin: 11% (up from 6.8% in 2Q 2023). The increase in margin was driven by lower expenses.
- EPS: €0.21 (up from €0.14 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Enel Earnings Insights
Looking ahead, revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 1.2% growth forecast for the Electric Utilities industry in Europe.
Performance of the market in Italy.
The company's shares are up 1.8% from a week ago.
Risk Analysis
It's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Enel, and understanding them should be part of your investment process.
Valuation is complex, but we're here to simplify it.
Discover if Enel 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:ENEL
Enel
Operates as an integrated operator in electricity and gas industries worldwide.
Solid track record established dividend payer.