TRN.MI · MIL
FTSE MIB
Terna S.p.A.
Utilities · Utilities - Regulated Electric
€9.70
−€0.008 (−0.08%) today
Closing price on Nov 11, 2026 · Source: Yahoo Finance
Consensus of 20 analysts
Hold
Median price target €10.00 +3.1%
- Open
- €9.71
- Day range
- 9.69 – €9.76
- 52-week range
- 8.70 – €10.41
- Volume
- 848,996
- Market cap
- €19,462M
- P/E (TTM)
- 19.0x
- EPS (TTM)
- €0.51
- EPS est. 2026
- €0.55
- P/E est. 2026
- 17.7x
- Dividend yield
- 2.6%
- Beta
- 0.61
- Payout
- 75%
The analysis of this company is being prepared and will appear in the next update.
Terna financials
Q2 2026 results, quarter ended Jun 30, 2026
| Metric | Q2 2026 | 1-year change |
|---|---|---|
| Total revenue | €1,092M | +13.4% |
| Net income | €315M | +0.7% |
| Earnings per share | €0.16 | +0.6% |
| Net margin | 28.8% | −3.6 pp |
| Free cash flow | −€151M | n/s |
| Debt / equity | 1.72 | −12.3% |
Revenue and net income (€M)
Total revenueNet income
| Quarter | Total revenue | Net income |
|---|---|---|
| Q1 2025 | €902M | €275M |
| Q2 2025 | €963M | €312M |
| Q3 2025 | €988M | €265M |
| Q1 2026 | €989M | €277M |
| Q2 2026 | €1,092M | €315M |
Terna earnings per share (EPS)
Consensus estimates
| Period | EPS est. | 1-year change |
|---|---|---|
| Current quarterQ3 2026 · Analysts: 3 | €0.1390.13 – 0.15 | n/a |
| Next quarterQ4 2026 · Analysts: 3 | €0.1310.12 – 0.14 | n/a |
| Current year2026 · Analysts: 18 | €0.5490.51 – 0.57 | +3.6%€0.530 |
| Next year2027 · Analysts: 18 | €0.5540.51 – 0.58 | +0.9%€0.549 |
Forward P/E: 17.7x (2026) and 17.5x (2027) at the current price.
Actual and estimated EPS (€)
Actual EPSEstimated EPS
| Quarter | Actual EPS | Estimated EPS |
|---|---|---|
| Q1 2025 | €0.137 | — |
| Q2 2025 | €0.156 | — |
| Q3 2025 | €0.132 | €0.140 |
| Q4 2025 | — | €0.113 |
| Q1 2026 | €0.138 | €0.143 |
| Q2 2026 | €0.130 | €0.161 |
| Q3 2026 | — | €0.139 |
| Q4 2026 | — | €0.131 |
| Year | Actual EPS | Estimated EPS |
|---|---|---|
| 2022 | €0.427 | — |
| 2023 | €0.441 | — |
| 2024 | €0.523 | — |
| 2025 | €0.554 | — |
| 2026 | — | €0.549 |
| 2027 | — | €0.554 |
EPS trend
| Quarter | EPS | YoY change |
|---|---|---|
| Q4 2026Estimated | €0.131 | +15.4% |
| Q3 2026Estimated | €0.139 | +4.9% |
| Q2 2026 | €0.130est. €0.161 · surprise −19.1% | −16.6% |
| Q1 2026 | €0.138est. €0.143 | +0.5% |
| Q4 2025Estimated | €0.113 | n/a |
| Q3 2025 | €0.132est. €0.140 | n/a |
| Q2 2025 | €0.156 | n/a |
| Q1 2025 | €0.137 | n/a |
| Year | EPS | Annual change |
|---|---|---|
| 2027Estimated | €0.554 | +0.9% |
| 2026Estimated | €0.549 | −1.0% |
| 2025 | €0.554 | +6.0% |
| 2024 | €0.523 | +18.5% |
| 2023 | €0.441 | +3.4% |
| 2022 | €0.427 | n/a |
Normalised EPS according to the analyst consensus collected by Yahoo Finance; it may differ from the reported EPS in the results table.
Terna dividend
Yield and payments
| Dividend yield (TTM) | 2.6% |
| Forward yield (next 12m) | 4.1% |
| Dividend per share (TTM) | €0.25 |
| Forward dividend (next 12m) | €0.40 |
| Payout (TTM) | 75% |
| Last dividend | €0.277Jun 22, 2026 |
| Next ex-dividend date | n/a |
Dividend per share by year (€)
PaidEstimated
| Year | Dividend per share |
|---|---|
| 2019 | €0.239 |
| 2020 | €0.256 |
| 2021 | €0.277 |
| 2022 | €0.299 |
| 2023 | €0.323 |
| 2024 | €0.344 |
| 2025 | €0.396 |
| est. 12m | €0.40 |
Terna forecasts
20 analyst ratings
Consensus: Hold · 5 buy, 12 hold, 3 sell
1-year price forecast
Share price
Price target (high, median, low)
| Target | Price | Upside |
|---|---|---|
| High | €11.20 | +15.4% |
| Median | €10.00 | +3.1% |
| Low | €8.60 | −11.4% |
| Date | Close |
|---|---|
| Nov 28, 2025 | €9.09 |
| Dec 30, 2025 | €9.05 |
| Jan 30, 2026 | €9.13 |
| Feb 27, 2026 | €10.20 |
| Mar 31, 2026 | €9.86 |
| Apr 30, 2026 | €10.25 |
| May 29, 2026 | €9.85 |
| Jun 30, 2026 | €10.24 |
| Jul 31, 2026 | €9.97 |
| Aug 31, 2026 | €9.74 |
| Sep 30, 2026 | €9.19 |
| Oct 30, 2026 | €9.60 |
| Nov 11, 2026 | €9.70 |
Terna peers
| Ticker | Company | Market cap (€M) | P/E | Price (€) | 1-day change | 52-week range |
|---|---|---|---|---|---|---|
| TRN.MI | Terna | 19,462 | 19.0x | 9.70 | −0.08% | 8.7010.41 |
| ELE.MC | Endesa | 45,182 | 18.7x | 44.53 | +0.50% | 29.7845.05 |
| RED.MC | Redeia | 8,407 | 16.6x | 15.58 | −0.13% | 14.1516.52 |
| NEE | NextEra Energy | 180,935 | 15.5x | 86.27 $ | −0.68% | 74.4198.75 |
| SO | Southern | 109,033 | 21.4x | 93.65 $ | +0.09% | 81.6999.58 |
| DUK | Duke Energy | 100,536 | 18.9x | 128.94 $ | +0.66% | 112.40134.49 |
Stocks quoted in another currency are shown in their trading currency.
What the AI agents think about Terna
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