Iberdrola (IBDRY) Projected to Announce Quarterly Earnings on Wednesday

Key Points

• Iberdrola is expected to report quarterly results before the market opens on Wednesday, October 21. Analysts forecast earnings of $1.11 per share and revenue of $12.72 billion.
• The company’s previous quarter fell short of expectations, with EPS of $1.14 versus the $1.16 consensus and revenue of $11.93 billion versus $12.08 billion expected.
• Shares opened at $96.64, near their 52-week high, while analyst sentiment remains mixed: four rate the stock Buy, four Hold, and one Sell, producing an overall “Hold” rating.

Iberdrola (OTCMKTS:IBDRY - Get Free Report) is projected to issue its results before the market opens on Wednesday, October 21st. Analysts expect the company to announce earnings of $1.11 per share and revenue of $12.72 billion for the quarter.

Iberdrola (OTCMKTS:IBDRY - Get Free Report) last released its earnings results on Wednesday, July 22nd. The utilities provider reported $1.14 earnings per share for the quarter, missing the consensus estimate of $1.16 by ($0.02). The firm had revenue of $11.93 billion during the quarter, compared to the consensus estimate of $12.08 billion. Iberdrola had a net margin of 15.59% and a return on equity of 9.88%. On average, analysts expect Iberdrola to post $4.68 EPS for the current fiscal year and $5.01 EPS for the next fiscal year.

Iberdrola Price Performance

Shares of IBDRY opened at $96.64 on Wednesday. The company has a current ratio of 0.75, a quick ratio of 0.63 and a debt-to-equity ratio of 0.79. The company's fifty day simple moving average is $93.61 and its 200 day simple moving average is $93.93. Iberdrola has a 1-year low of $77.05 and a 1-year high of $100.64. The company has a market cap of $161.22 billion, a price-to-earnings ratio of 23.51, a PEG ratio of 1.68 and a beta of 0.55.

Wall Street Analyst Weigh In

A number of analysts have commented on IBDRY shares. The Goldman Sachs Group upgraded shares of Iberdrola from a "hold" rating to a "buy" rating in a research note on Thursday, October 1st. Kepler Capital Markets lowered shares of Iberdrola from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 1st. Oddo Bhf lowered shares of Iberdrola from an "outperform" rating to a "neutral" rating in a research note on Thursday, July 23rd. Citigroup raised shares of Iberdrola to a "hold" rating in a report on Friday, June 26th. Finally, Erste Group Bank upgraded shares of Iberdrola from a "hold" rating to a "buy" rating in a research note on Thursday, June 25th. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold".

About Iberdrola

Iberdrola, SA is a Spanish energy company engaged in the generation, transmission, distribution and sale of electricity. Its activities include renewable power generation, particularly wind, solar and hydropower, as well as electricity networks and customer energy services. The company also develops and operates energy storage and other infrastructure supporting the transition to lower-carbon energy systems.

Headquartered in Bilbao, Spain, Iberdrola serves residential, commercial and industrial customers through operations in Spain, the United Kingdom, the United States, Brazil and other international markets.

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