Iberdrola (IBDRY) Expected to Announce Quarterly Earnings on Wednesday

Iberdrola (OTCMKTS:IBDRY) is expected to announce its results before the market opens on Wednesday, April 29th. Analysts expect the company to announce earnings of $1.14 per share and revenue of $13.3969 billion for the quarter.

Iberdrola (OTCMKTS:IBDRY) last announced its earnings results on Wednesday, February 25th. The utilities provider reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.03). Iberdrola had a return on equity of 10.24% and a net margin of 13.74%.The firm had revenue of $13.76 billion during the quarter, compared to the consensus estimate of $13.76 billion. On average, analysts expect Iberdrola to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Iberdrola Stock Performance

IBDRY opened at $93.50 on Monday. Iberdrola has a 52-week low of $67.20 and a 52-week high of $96.50. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 0.72. The company has a market cap of $157.96 billion, a P/E ratio of 22.32, a price-to-earnings-growth ratio of 2.44 and a beta of 0.72. The firm’s 50-day moving average price is $92.37 and its 200-day moving average price is $87.50.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group restated a “neutral” rating on shares of Iberdrola in a research report on Friday, February 27th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Iberdrola has an average rating of “Hold”.

Iberdrola Company Profile

Iberdrola, SA is a Spanish multinational electric utility headquartered in Bilbao that develops, produces and supplies electricity and related energy services. The company’s core activities span electricity generation across a diverse mix of assets, transmission and distribution network ownership and operation, and retail supply to residential, commercial and industrial customers. Iberdrola also offers energy management and digital solutions aimed at improving efficiency and integrating distributed and renewable resources.

Renewable energy is a central focus of Iberdrola’s business strategy, with significant investments in wind (onshore and offshore), hydroelectric and solar power and in the modernization of grids to accommodate increasing shares of intermittent generation.