Snam Earnings inline, Revenue beats In Q1

  • Investing.com
Snam Earnings inline, Revenue beats In Q1

Investing.com - Snam reported on Wednesday first quarter earnings that matched analysts' forecasts and revenue that topped expectations.

Snam announced earnings per share of €0.10 on revenue of €717.0M. Analysts polled by Investing.com anticipated EPS of €0.1 on revenue of €713.59M.

Snam shares are up 3% from the beginning of the year and are trading at €4.761 , down-from-52-week-high.They are under-performing the STOXX 600 which is up 9.75% from the start of the year.

Snam follows other major Utilities sector earnings this month

Snam's report follows an earnings beat by Enel on Friday, May 7, 2021, who reported EPS of €0.1526 on revenue of €17.11B, compared to forecasts EPS of €0.119 on revenue of €17.25B.

Eni SpA had missed expectations on Friday, April 30, 2021 with first quarter EPS of €0.08 on revenue of €14.49B, compared to forecast for EPS of €0.1444 on revenue of €13.62B.

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