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Terna S.p.A. Unsponsored ADR (TEZNY)
:TEZNY
Earnings Data
Report Date
Mar 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: -4.23%
|Next Earnings Date:Mar 19, 2025
Earnings Call Sentiment|Positive
The earnings call presented strong financial performance and strategic advancements, particularly in renewable energy and high-voltage grid acquisition, despite some challenges with rising costs and financial expenses.Company Guidance
During the call, Terna provided an updated guidance for 2024, reflecting strong performance and increased expectations. The company expects revenues to reach EUR 3.610 billion, which is about 2% higher than the previous guidance. The EBITDA guidance has been improved to EUR 2.5 billion, and the EPS guidance has been raised to EUR 0.52 per share, marking a 6% increase compared to earlier estimates. These adjustments are largely driven by the significant reduction in dispatching service market (MSD) costs and higher-than-anticipated contributions from output-based incentive schemes, which are projected to contribute slightly over EUR 300 million for the year. Additionally, Terna reported a 27% increase in group net income, reaching EUR 813 million, and a 19% increase in CapEx, totaling EUR 1.7 billion for the first nine months of 2024.Record Financial Performance
Terna achieved a double-digit growth in all P&L lines, with group revenues and EBITDA increasing by 18% and 22%, respectively, compared to the previous year. Group net income rose by 27% to EUR 813 million.
Significant Increase in Renewable Energy
Renewable sources covered about 43% of national demand, a 6 percentage point increase over the previous year. Solar production grew by 17%, and hydro production increased by 45%.
Strategic Acquisition in High-Voltage Grid
Terna signed a term sheet with Acea to acquire a portion of the high-voltage grid in Rome, expected to be EPS accretive from the first year with a 10% premium on the estimated 2024 calendar.
Strong CapEx and Investment in Infrastructure
Group CapEx increased by 19% to EUR 1.7 billion, supporting major projects like the Tyrrhenian link and Adriatic Link, and aligning with the green transition efforts.
Improved Shareholder Returns
The Board approved a 2024 interim dividend of EUR 11.92 per share, up by 4% from the previous year.
Positive Regulatory Developments
Terna is set to benefit from newly approved output-based incentive schemes between 2025-2030 and a 12% reduction in overall MSD costs.
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TEZNY 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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TEZNY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $25.76 | $25.06 | -2.72% |
| Jul 26, 2024 | $24.93 | $24.96 | +0.12% |
| May 08, 2024 | $23.61 | $24.12 | +2.16% |
| Mar 19, 2024 | $24.02 | $23.94 | -0.33% |
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 Terna S.p.A. Unsponsored ADR (TEZNY) report earnings?
Terna S.p.A. Unsponsored ADR (TEZNY) is schdueled to report earning on Mar 19, 2025, TBA Not Confirmed.
What is Terna S.p.A. Unsponsored ADR (TEZNY) earnings time?
Terna S.p.A. Unsponsored ADR (TEZNY) earnings time is at Mar 19, 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 TEZNY EPS forecast?
Currently, no data Available
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