Iberdrola (IBDRY) Expected to Announce Earnings on Wednesday

Iberdrola (OTCMKTS:IBDRY) is anticipated to post its results before the market opens on Wednesday, April 29th. Analysts expect Iberdrola to post earnings of $1.14 per share and revenue of $13.3969 billion for the quarter.

Iberdrola (OTCMKTS:IBDRY) last released its quarterly earnings data on Wednesday, February 25th. The utilities provider reported $0.64 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.03). The firm had revenue of $13.76 billion for the quarter, compared to analysts’ expectations of $13.76 billion. Iberdrola had a return on equity of 10.24% and a net margin of 13.74%. On average, analysts expect Iberdrola to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Iberdrola Trading Down 0.4%

Shares of OTCMKTS IBDRY opened at $93.42 on Wednesday. Iberdrola has a twelve month low of $67.20 and a twelve month high of $96.50. The firm has a market cap of $157.82 billion, a PE ratio of 22.29, a price-to-earnings-growth ratio of 2.45 and a beta of 0.72. The business has a fifty day simple moving average of $92.48 and a two-hundred day simple moving average of $87.14. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 0.72.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group restated a “neutral” rating on shares of Iberdrola in a research note on Friday, February 27th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Iberdrola presently has a consensus rating of “Hold”.

About Iberdrola

Iberdrola, SA is a Spanish multinational electric utility headquartered in Bilbao that develops, produces and supplies electricity and related energy services. The company’s core activities span electricity generation across a diverse mix of assets, transmission and distribution network ownership and operation, and retail supply to residential, commercial and industrial customers. Iberdrola also offers energy management and digital solutions aimed at improving efficiency and integrating distributed and renewable resources.

Renewable energy is a central focus of Iberdrola’s business strategy, with significant investments in wind (onshore and offshore), hydroelectric and solar power and in the modernization of grids to accommodate increasing shares of intermittent generation.