EDP Third Quarter 2024 Earnings: EPS: €0.077 (vs €0.16 in 3Q 2023)

EDP (ELI:EDP) Third Quarter 2024 Results

Key Financial Results

• Revenue: €3.66b (down 8.8% from 3Q 2023).
• Net income: €320.0m (down 37% from 3Q 2023).
• Profit margin: 8.7% (down from 13% in 3Q 2023). The decrease in margin was driven by lower revenue.
• EPS: €0.077 (down from €0.16 in 3Q 2023).

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

EDP Earnings Insights

Looking ahead, revenue is forecast to grow 1.0% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Electric Utilities industry in Europe.

Performance of the market in Portugal.

The company's shares are down 6.5% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for EDP (1 is significant!) that you should be aware of.

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