- Enel’s adjusted net income for the first half of 2024 was EU3.96 billion, surpassing estimates by 21% year-over-year.
- The estimated adjusted net income was EU3.9 billion.
- Total revenue reached EU38.73 billion.
- Adjusted Ebitda stood at EU11.68 billion, reflecting an 8.8% increase year-over-year and surpassing the estimate of EU11.63 billion.
- Net income soared to EU4.14 billion, a 65% increase year-over-year.
- Net debt was reported at EU57.41 billion, with an estimate of EU55.96 billion.
- CEO Flavio Cattaneo confirmed the company is on track to achieve its targets for 2024.
- The second half of the year shows strong visibility, positioning Enel at the high end of its guidance range.
- The company aims to achieve cash neutrality and potentially exceed the minimum dividend of EU0.43 per share.
- Enel has garnered 23 buy ratings, 5 hold ratings, and no sell ratings from analysts.
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A look at Enel SpA Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Enel SpA, a multinational power company focusing on Europe and Latin America, showcases a strong performance in key areas according to the Smartkarma Smart Scores. With a high dividend score of 5 and solid growth and momentum scores of 4 each, the company appears to be well-positioned for long-term success. However, Enel SpA‘s value score of 3 and resilience score of 2 indicate some room for improvement in these aspects. Overall, the company’s strategic focus on electricity and gas sectors, coupled with its emphasis on renewable energy sources, bodes well for its future prospects.
Enel SpA‘s robust dividend score of 5 underscores its commitment to rewarding shareholders, while the strong growth and momentum scores of 4 suggest a positive trajectory for the company in the coming years. Despite facing challenges in terms of value and resilience scores, Enel SpA‘s diversified operations and innovative solutions in the energy sector position it favorably for continued expansion and success. Investors may find Enel SpA an intriguing prospect for the long term, given its strategic positioning and emphasis on sustainable energy practices.
Disclaimer: This article by Smartkarma is general in nature and 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. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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