REN - Redes Energéticas Nacionais SGPS Second Quarter 2024 Earnings: EPS: €0.07 (vs €0.08 in 2Q 2023)

REN - Redes Energéticas Nacionais SGPS (ELI:RENE) Second Quarter 2024 Results

Key Financial Results

• Revenue: €238.9m (up 2.8% from 2Q 2023).
• Net income: €44.9m (down 11% from 2Q 2023).
• Profit margin: 19% (down from 22% in 2Q 2023). The decrease in margin was driven by higher expenses.
• EPS: €0.07 (down from €0.08 in 2Q 2023).

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

REN - Redes Energéticas Nacionais SGPS Earnings Insights

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 3.3% growth forecast for the Integrated Utilities industry in Europe.

Performance of the market in Portugal.

The company's shares are up 1.9% from a week ago.

Risk Analysis

Be aware that REN - Redes Energéticas Nacionais SGPS is showing 3 warning signs in our investment analysis and 2 of those are potentially serious...

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com