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ENGIE SA (ENGIY)
OTHER OTC:ENGIY
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Earnings Data
Report Date
Feb 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.42Last Year’s EPS
0.4Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 28, 2019
|% Change Since: -0.31%
|Next Earnings Date:Jul 27, 2018
Earnings Call Sentiment|Positive
ENGIE reported a strong Q3 with significant growth in Renewables and Batteries, maintaining financial robustness and reaffirming guidance. However, challenges persist in the Energy Solutions segment and Retail, alongside uncertainties in French taxation. Overall, the positive achievements outweigh the setbacks.Company Guidance
During ENGIE's Q3 2024 earnings call, the company provided several key metrics and guidance updates. ENGIE's EBIT excluding nuclear was reported to be down 11% to EUR 7.1 billion for the first nine months, but Q3 alone saw an 18% increase. Cash flow from operations stood at EUR 11.8 billion, albeit down by EUR 1.1 billion year-on-year. The company's economic net debt-to-EBITDA ratio was at 3.0, well below the maximum level of 4. ENGIE reaffirmed its full-year guidance for net recurring income group share of EUR 5 billion to EUR 5.6 billion and expressed confidence in reaching the upper end of this range. Additionally, ENGIE highlighted its robust renewable energy growth, having added 1.3 gigawatts of new wind and solar capacity in Q3 and a total of 2.3 gigawatts for the year, on track to meet its annual target of 4 gigawatts. The company is also ahead of schedule in its battery expansion, with 2.3 gigawatts of operating capacity and 3 gigawatts under construction, aiming for a 10-gigawatt target by 2030.Strong Performance in Renewables
ENGIE added 1.3 GW of new wind and solar capacity in Q3, totaling 2.3 GW year-to-date, with a target to achieve 4 GW by year-end. The company maintains a robust pipeline with 67 projects under construction, totaling over 7 GW.
Battery Business Growth
ENGIE's battery business expanded significantly, with 2.3 GW of operational capacity and 3 GW under construction, moving towards a 10 GW capacity target by 2030, ahead of schedule.
Positive Financial Metrics
Q3 EBIT increased by 18% organically, led by Renewables and GEMS. Cash flow from operations stood at EUR 11.8 billion, with a strong balance sheet and an economic net debt-to-EBITDA ratio at 3.0, below the maximum level of 4.
Guidance Reaffirmed
ENGIE reaffirmed its full-year guidance for net recurring income at the higher end of EUR 5 billion to EUR 5.6 billion, despite political and market uncertainties.
Network Expansion in Brazil
ENGIE won a 30-year concession to build and operate 1,000 km of power transmission lines in Brazil, further strengthening its presence in a core strategic market.
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ENGIY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ENGIY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $16.27 | $16.48 | +1.29% |
| Aug 02, 2024 | $15.66 | $16.30 | +4.09% |
| May 17, 2024 | $17.15 | $17.15 | 0.00% |
| Feb 22, 2024 | $15.13 | $15.37 | +1.59% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does ENGIE SA (ENGIY) report earnings?
ENGIE SA (ENGIY) is schdueled to report earning on Feb 27, 2025, TBA Not Confirmed.
What is ENGIE SA (ENGIY) earnings time?
ENGIE SA (ENGIY) earnings time is at Feb 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ENGIY EPS forecast?
ENGIY EPS forecast for the fiscal quarter 2024 (Q4) is 0.42.
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