Vestas Wind Systems AS (VWDRY) Expected to Release Quarterly Earnings on Wednesday

Key Points

• Vestas Wind Systems is expected to report quarterly results before the market opens on November 11. Analysts forecast $0.1472 in earnings per share and $6.81 billion in revenue.
• In its previous quarter, Vestas reported $0.11 per share, beating the $0.06 consensus estimate, and revenue of $5.45 billion, above expectations of $5.19 billion.
• Analysts’ consensus rating is Buy; four rate the stock Strong Buy, one Buy, one Hold and one Sell. Shares rose 4.1% to $10.14 in Wednesday trading.

Vestas Wind Systems AS (OTCMKTS:VWDRY - Get Free Report) is expected to announce its results before the market opens on Wednesday, November 11th. Analysts expect Vestas Wind Systems AS to post earnings of $0.1472 per share and revenue of $6.81 billion for the quarter.

Vestas Wind Systems AS (OTCMKTS:VWDRY - Get Free Report) last released its quarterly earnings data on Wednesday, August 12th. The energy company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.06 by $0.05. The firm had revenue of $5.45 billion for the quarter, compared to the consensus estimate of $5.19 billion. Vestas Wind Systems AS had a return on equity of 29.07% and a net margin of 5.42%. On average, analysts expect Vestas Wind Systems AS to post $0.52 EPS for the current fiscal year and $0.63 EPS for the next fiscal year.

Vestas Wind Systems AS Trading Up 4.1%

Shares of VWDRY traded up $0.40 during trading hours on Wednesday, reaching $10.14. 46,360 shares of the company traded hands, compared to its average volume of 236,218. The company has a market capitalization of $30.28 billion, a price-to-earnings ratio of 23.58, a price-to-earnings-growth ratio of 0.71 and a beta of 1.03. The company's fifty day moving average price is $10.07 and its two-hundred day moving average price is $9.46. Vestas Wind Systems AS has a 12 month low of $7.44 and a 12 month high of $11.36. The company has a quick ratio of 0.66, a current ratio of 1.03 and a debt-to-equity ratio of 0.81.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Vestas Wind Systems AS in a report on Friday, August 14th. Citigroup reaffirmed a "buy" rating on shares of Vestas Wind Systems AS in a research report on Thursday, August 13th. Finally, Berenberg Bank raised Vestas Wind Systems AS from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 26th. Four analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Buy".

Vestas Wind Systems AS Company Profile

Vestas Wind Systems A/S is a Denmark-based renewable energy company that designs, manufactures, installs and services wind turbines. Its products and solutions are used in onshore and offshore wind energy projects, supported by digital monitoring, maintenance and lifecycle services intended to improve turbine performance and reliability.

The company serves utilities, independent power producers, commercial customers and other energy developers across major wind markets worldwide. Its activities cover the wind project lifecycle, including turbine supply, installation, commissioning, service agreements, spare parts and other operational support.

Vestas traces its origins to 1945, when it was established in Denmark as a manufacturer of household appliances and later agricultural machinery.

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