Iberdrola (IBDRY) Projected to Announce Earnings on Wednesday

Iberdrola (OTCMKTS:IBDRY) is anticipated to announce its results before the market opens on Wednesday, July 22nd. Analysts expect the company to announce earnings of $1.14 per share and revenue of $12.1491 billion for the quarter.

Iberdrola (OTCMKTS:IBDRY) last announced its quarterly earnings results on Wednesday, April 29th. The utilities provider reported $1.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.04). The firm had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $13.62 billion. Iberdrola had a net margin of 13.40% and a return on equity of 9.88%. 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

Shares of Iberdrola stock opened at $97.06 on Monday. The firm has a market cap of $163.98 billion, a P/E ratio of 23.91, a P/E/G ratio of 2.46 and a beta of 0.64. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 0.72. Iberdrola has a 12 month low of $69.66 and a 12 month high of $100.64. The stock’s fifty day moving average price is $94.19 and its 200-day moving average price is $92.23.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on IBDRY shares. Barclays upgraded shares of Iberdrola from an “equal weight” rating to an “overweight” rating in a report on Tuesday, May 26th. Erste Group Bank raised shares of Iberdrola from a “hold” rating to a “buy” rating in a report on Thursday, June 25th. Finally, Citigroup raised shares of Iberdrola to a “hold” rating in a research note on Friday, June 26th. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently 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.