RWE (RWEOY) Set to Release Earnings on Wednesday

Key Points

• RWE is scheduled to report earnings before Wednesday’s market open. Analysts expect quarterly earnings of $0.767 per share on revenue of $9.76 billion.
• Analyst sentiment is neutral overall: MarketBeat reports a consensus “Hold” rating, with three Buy ratings and five Hold ratings; Zacks Research recently downgraded the stock from Strong Buy to Hold.
• Shares opened at $63.56, compared with a 52-week range of $48.49 to $74.10. RWE operates across power generation, energy trading and renewable energy development.

RWE (OTCMKTS:RWEOY - Get Free Report) is expected to be releasing its results before the market opens on Wednesday, November 11th. Analysts expect RWE to post earnings of $0.7670 per share and revenue of $9.76 billion for the quarter.

RWE Stock Performance

Shares of OTCMKTS:RWEOY opened at $63.56 on Wednesday. The business's fifty day moving average price is $66.60 and its two-hundred day moving average price is $65.54. RWE has a fifty-two week low of $48.49 and a fifty-two week high of $74.10. The stock has a market capitalization of $46.15 billion, a price-to-earnings ratio of 12.08, a price-to-earnings-growth ratio of 1.12 and a beta of 0.57. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.35 and a quick ratio of 1.29.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Zacks Research downgraded shares of RWE from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 29th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of RWE in a report on Monday, August 17th. Citigroup reiterated a "neutral" rating on shares of RWE in a research note on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of RWE in a research report on Monday, August 17th. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of RWE in a report on Thursday, July 23rd. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold".

About RWE

RWE AG is a Germany-based energy company engaged in electricity generation, energy trading and the development of renewable energy projects. Its portfolio includes offshore and onshore wind farms, solar facilities, battery storage systems and flexible conventional power generation, including gas-fired and other dispatchable plants. The company also supplies energy and provides energy-related services to commercial and industrial customers.

RWE has expanded its renewable energy activities through organic development and acquisitions, including the 2019 acquisition of substantially all of E.ON's renewable generation, gas generation and energy trading operations as part of the broader innogy transaction.

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