E.On (EONGY) Projected to Post Earnings on Wednesday

Key Points

• E.On is expected to report results on Wednesday, May 13, with analysts forecasting EPS of $0.4949 and revenue of $35.3772 billion; the company posted $0.33 EPS and $24.95 billion revenue in the prior quarter and is seen at about $1 EPS for the current and next fiscal year.
• Shares trade around $21.59 with a market cap of $56.44 billion and a PE of 29.18; the stock's 50-day/200-day moving averages are $22.39/$20.36 and its 1-year range is $16.31–$23.58, while the balance sheet shows a current ratio of 0.79 and debt/equity of 1.32.
• Analyst sentiment is mixed-to-cautious with an average rating of "Hold" (2 Buys, 6 Holds, 1 Sell) and several recent downgrades from firms including Zacks, Bank of America, DZ Bank and Wall Street Zen.

E.On (OTCMKTS:EONGY - Get Free Report) is expected to post its resultson Wednesday, May 13th. Analysts expect E.On to post earnings of $0.4949 per share and revenue of $35.3772 billion for the quarter.

E.On (OTCMKTS:EONGY - Get Free Report) last issued its quarterly earnings data on Wednesday, February 25th. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.33. The company had revenue of $24.95 billion during the quarter. E.On had a net margin of 2.20% and a return on equity of 12.06%. On average, analysts expect E.On to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

E.On Price Performance

Shares of OTCMKTS EONGY opened at $21.59 on Wednesday. The company has a fifty day moving average price of $22.39 and a 200 day moving average price of $20.36. The firm has a market cap of $56.44 billion, a PE ratio of 29.18, a PEG ratio of 4.09 and a beta of 0.74. The company has a current ratio of 0.79, a quick ratio of 0.74 and a debt-to-equity ratio of 1.32. E.On has a 1-year low of $16.31 and a 1-year high of $23.58.

Analyst Ratings Changes

A number of research firms recently issued reports on EONGY. Citigroup reiterated a "neutral" rating on shares of E.On in a report on Friday, February 6th. Zacks Research lowered shares of E.On from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 5th. Bank of America lowered shares of E.On from a "buy" rating to a "neutral" rating in a research note on Thursday, February 5th. DZ Bank cut E.On from a "hold" rating to a "strong sell" rating in a report on Thursday, February 26th. Finally, Wall Street Zen downgraded E.On from a "hold" rating to a "sell" rating in a research note on Wednesday, January 14th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, E.On has an average rating of "Hold".

E.On Company Profile

E.ON SE is a Germany-based energy company headquartered in Essen that focuses on energy networks and customer solutions. The company owns and operates electricity and gas distribution networks, supplies energy to residential and commercial customers, and develops services and technologies aimed at energy efficiency, decentralised generation and electrification. E.ON's business model emphasizes regulated network operations and customer-facing services rather than large-scale conventional power generation.

Key offerings include grid operation and maintenance, retail supply of electricity and gas, energy contracting and efficiency solutions for business customers, and a range of digital services such as smart metering, energy management and e-mobility charging infrastructure.

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