Iberdrola (OTCMKTS:IBDRY – Get Free Report) was downgraded by investment analysts at Erste Group Bank from a “strong-buy” rating to a “hold” rating in a research note issued on Tuesday,Zacks.com reports. Erste Group Bank also issued estimates for Iberdrola’s FY2026 earnings at $4.63 EPS and FY2027 earnings at $4.96 EPS.
Separately, The Goldman Sachs Group reiterated a “neutral” rating on shares of Iberdrola in a research note on Friday, February 27th. One investment analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.
Check Out Our Latest Analysis on Iberdrola
Iberdrola Trading Up 0.1%
Iberdrola (OTCMKTS:IBDRY – Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The utilities provider reported $1.15 earnings per share for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.04). The business had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.62 billion. Iberdrola had a return on equity of 9.88% and a net margin of 13.40%. On average, equities analysts forecast that Iberdrola will post 4.6 EPS for the current fiscal year.
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.
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