ENGIE (ENGIY) Expected to Announce Earnings on Thursday

Key Points

• ENGIE is expected to report quarterly results on Thursday, May 7, with analysts forecasting $0.6120 EPS and $26.68 billion in revenue.
• Shares opened at $33.16 and trade near recent highs (52-week high $35.16) with a 50-day/200-day moving average of $32.53/$28.51, while liquidity and leverage sit around a quick ratio of 1.03 and debt-to-equity of 1.06.
• Analyst sentiment is mixed but mildly positive—MarketBeat shows a consensus of "Moderate Buy" (2 Strong Buy, 4 Buy, 3 Hold) amid recent upgrades and downgrades by major firms.

ENGIE (OTCMKTS:ENGIY - Get Free Report) is anticipated to post its resultson Thursday, May 7th. Analysts expect ENGIE to post earnings of $0.6120 per share and revenue of $26.6808 billion for the quarter.

ENGIE Price Performance

Shares of ENGIY opened at $33.16 on Thursday. The company's 50 day moving average price is $32.53 and its 200 day moving average price is $28.51. ENGIE has a 52 week low of $19.51 and a 52 week high of $35.16. The company has a quick ratio of 1.03, a current ratio of 1.08 and a debt-to-equity ratio of 1.06.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Sanford C. Bernstein downgraded shares of ENGIE from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 14th. Kepler Capital Markets raised shares of ENGIE to a "strong-buy" rating in a research report on Thursday, March 19th. Berenberg Bank raised shares of ENGIE to a "hold" rating in a research report on Wednesday, January 21st. Zacks Research raised shares of ENGIE from a "hold" rating to a "strong-buy" rating in a research report on Monday. Finally, JPMorgan Chase & Co. downgraded shares of ENGIE from an "overweight" rating to a "neutral" rating in a research report on Thursday, February 5th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, ENGIE currently has an average rating of "Moderate Buy".

About ENGIE

ENGIE is a Paris-headquartered multinational energy company engaged across the value chain of electricity and natural gas, along with associated infrastructure and services. The company develops, builds and operates power generation assets (including gas-fired plants and an expanding portfolio of renewable generation such as wind, solar and hydro), trades and markets energy commodities, and supplies energy to industrial, commercial and residential customers. ENGIE also provides energy infrastructure and networks, liquefied natural gas (LNG) solutions, and a range of energy services including energy efficiency, facility management and distributed energy systems.

The group traces its modern corporate roots to the 2008 combination of Gaz de France and Suez, and subsequently adopted the ENGIE name in 2015 as part of a strategic repositioning.

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