Verbund (OEZVY) to Announce Earnings on Thursday

Verbund (OTCMKTS:OEZVY) is anticipated to release its resultson Thursday, July 30th. Analysts expect Verbund to post earnings of $0.1942 per share and revenue of $2.3112 billion for the quarter.

Verbund (OTCMKTS:OEZVY) last announced its quarterly earnings data on Wednesday, May 13th. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.14 by $0.04. The company had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.27 billion.

Verbund Price Performance

Shares of Verbund stock opened at $13.70 on Thursday. The company has a 50-day moving average of $13.45 and a two-hundred day moving average of $14.40. Verbund has a 12-month low of $11.88 and a 12-month high of $17.13.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on OEZVY shares. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating on shares of Verbund in a research note on Thursday, April 23rd. Morgan Stanley reissued an “underweight” rating on shares of Verbund in a research note on Monday, May 18th. Four analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Strong Sell”.

About Verbund

Verbund AG is Austria’s leading electricity company and one of Europe’s largest producers of hydropower. The company’s core activities encompass the generation, transmission and distribution of electric power, with a focus on renewable energy sources. Verbund operates more than 130 hydropower plants along the Danube, Inn and Enns rivers, supplemented by pumped storage facilities and thermal generation assets. Through its integrated electricity grid, the company supplies power to domestic consumers and industrial clients while also participating in wholesale energy markets across Central Europe.

In addition to its extensive hydropower portfolio, Verbund has expanded into wind, solar and battery storage projects to support Europe’s transition to carbon-neutral energy.