E.On (EONGY) Projected to Release Quarterly Earnings on Wednesday

Key Points

• E.On is expected to report quarterly results before markets open Wednesday, November 11. Analysts forecast earnings of $0.1962 per share on $39.52 billion in revenue.
• In its prior quarter, E.On reported EPS of $0.25, below the $0.35 consensus, and revenue of $18.89 billion versus analysts’ $40.44 billion estimate.
• Analyst sentiment is Moderate Buy: two analysts rate the stock Strong Buy, three Buy, and five Hold.

E.On (OTCMKTS:EONGY - Get Free Report) will likely be issuing its results before the market opens on Wednesday, November 11th. Analysts expect E.On to post earnings of $0.1962 per share and revenue of $39.52 billion for the quarter.

E.On (OTCMKTS:EONGY - Get Free Report) last announced its quarterly earnings data on Wednesday, August 12th. The utilities provider reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.10). E.On had a net margin of 4.49% and a return on equity of 11.35%. The firm had revenue of $18.89 billion for the quarter, compared to the consensus estimate of $40.44 billion. On average, analysts expect E.On to post $1.23 EPS for the current fiscal year and $1.41 EPS for the next fiscal year.

E.On Stock Performance

OTCMKTS:EONGY opened at $20.57 on Wednesday. The company has a market capitalization of $53.78 billion, a P/E ratio of 15.68, a P/E/G ratio of 4.87 and a beta of 0.67. The business has a fifty day simple moving average of $20.03 and a two-hundred day simple moving average of $21.20. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.96 and a quick ratio of 0.90. E.On has a 1 year low of $17.38 and a 1 year high of $23.58.

Analysts Set New Price Targets

EONGY has been the subject of a number of research reports. Berenberg Bank upgraded shares of E.On from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 25th. UBS Group raised shares of E.On from a "hold" rating to a "buy" rating in a research report on Monday, September 7th. Sanford C. Bernstein upgraded shares of E.On to a "strong-buy" rating in a research note on Wednesday, October 21st. Royal Bank Of Canada restated a "sector perform" rating on shares of E.On in a research note on Thursday, July 9th. Finally, Jefferies Financial Group raised shares of E.On from a "hold" rating to a "buy" rating in a report on Sunday, August 2nd. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, E.On presently has a consensus rating of "Moderate Buy".

E.On Company Profile

E.ON SE is a Germany-based energy company focused on operating energy networks and providing customer-oriented energy solutions. Its activities include electricity and gas distribution networks, energy supply, retail services, and solutions that support the transition to a lower-carbon energy system.

The company serves residential, commercial, industrial, and public-sector customers primarily across Europe. Its offerings include electricity and natural gas supply, energy-management services, distributed energy solutions, infrastructure for electric mobility, and services related to energy efficiency and renewable energy integration.

E.ON was created in 2000 through the merger of German utility groups VEBA and VIAG.

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