Vestas Wind Systems AS (VWDRY) Projected to Post Earnings on Wednesday

Key Points

• Vestas is scheduled to release quarterly results before the market opens on Wednesday, May 6, with analysts forecasting $0.0085 EPS and $4.3636 billion in revenue for the quarter.
• In the prior quarter Vestas reported $0.17 EPS and $7.40 billion in revenue (above estimates); analysts now expect $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.
• The stock trades around <$strong>10.03 with a market capitalization of $30.39 billion and a PE of 33.43, while analyst ratings are mixed but average to a "Moderate Buy".

Vestas Wind Systems AS (OTCMKTS:VWDRY - Get Free Report) will likely be releasing its results before the market opens on Wednesday, May 6th. Analysts expect Vestas Wind Systems AS to post earnings of $0.0085 per share and revenue of $4.3636 billion for the quarter.

Vestas Wind Systems AS (OTCMKTS:VWDRY - Get Free Report) last announced its quarterly earnings data on Thursday, February 5th. The energy company reported $0.17 EPS for the quarter, meeting analysts' consensus estimates of $0.17. Vestas Wind Systems AS had a return on equity of 23.30% and a net margin of 4.22%.The company had revenue of $7.40 billion during the quarter, compared to the consensus estimate of $6.41 billion. On average, analysts expect Vestas Wind Systems AS to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Vestas Wind Systems AS Price Performance

Shares of OTCMKTS:VWDRY opened at $10.03 on Wednesday. Vestas Wind Systems AS has a one year low of $4.26 and a one year high of $10.58. The stock has a fifty day moving average of $8.98 and a 200-day moving average of $8.60. The company has a market capitalization of $30.39 billion, a PE ratio of 33.43, a price-to-earnings-growth ratio of 1.54 and a beta of 1.05. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.66 and a current ratio of 1.00.

Analyst Upgrades and Downgrades

VWDRY has been the subject of a number of research analyst reports. Rothschild & Co Redburn upgraded Vestas Wind Systems AS from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 31st. Kepler Capital Markets lowered Vestas Wind Systems AS from a "strong-buy" rating to a "hold" rating in a report on Monday, February 9th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy".

About Vestas Wind Systems AS

Vestas Wind Systems A/S OTCMKTS: VWDRY is a Danish company that develops, manufactures, installs and services wind turbines and related solutions for the global wind energy industry. The company is known for providing complete wind power solutions across a project's lifecycle, from initial site assessment and turbine design through to installation, commissioning and long‑term operations and maintenance.

Vestas' product and service offering spans turbine platforms for onshore and offshore wind, along with key components such as blades, nacelles and towers.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.