(News Bulletin 247) – UBS says ‘earnings and cash flow are in line’. The analyst confirms his advice to buy the stock with a price target of 18 E.
‘ Eni reported 4Q22 adjusted net profit of €2.50 billion, 1% above consensus of €2.49 billion (UBSe: €3.08 billion) and adjusted EBIT of 3.59 billion euros, or 4% less than the consensus of 3.74 billion euros (UBSe 4.60 billion euros)’ indicates UBS.
Eni announced that its adjusted EBIT reached $20.4 billion for the 2022 financial year, a figure that more than doubled (+111%) compared to last year.
At the same time, adjusted net profit was multiplied by three (+207%) to $13.3 billion, which represents adjusted EPS of $3.78 against $1.19 a year earlier.
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