Erste Group Bank Decreases Earnings Estimates for Iberdrola

Iberdrola S.A. (OTCMKTS:IBDRY – Free Report) – Analysts at Erste Group Bank decreased their FY2027 earnings per share (EPS) estimates for Iberdrola in a research report issued on Thursday, October 8th. Erste Group Bank analyst S. Lingnau now forecasts that the utilities provider will earn $4.93 per share for the year, down from their previous estimate of $5.02. Erste Group Bank has a “Buy” rating on the stock. The consensus estimate for Iberdrola’s current full-year earnings is $4.68 per share.

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Iberdrola (OTCMKTS:IBDRY – Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The utilities provider reported $1.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.02). The business had revenue of $11.93 billion during the quarter, compared to analyst estimates of $12.08 billion. Iberdrola had a return on equity of 9.88% and a net margin of 15.59%.

Several other equities research analysts have also recently issued reports on the stock. Kepler Capital Markets cut shares of Iberdrola from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 1st. The Goldman Sachs Group upgraded shares of Iberdrola from a “hold” rating to a “buy” rating in a report on Thursday, October 1st. Citigroup raised shares of Iberdrola to a “hold” rating in a research report on Friday, June 26th. Deutsche Bank Aktiengesellschaft raised shares of Iberdrola to a “buy” rating in a research note on Tuesday, September 29th. Finally, Oddo Bhf lowered shares of Iberdrola from an “outperform” rating to a “neutral” rating in a report on Thursday, July 23rd. Four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold”.

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Iberdrola Trading Up 1.3%

OTCMKTS IBDRY opened at $96.63 on Tuesday. Iberdrola has a 12 month low of $76.31 and a 12 month high of $100.64. The company has a 50-day moving average of $93.57 and a 200-day moving average of $93.88. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.75 and a quick ratio of 0.63. The company has a market cap of $161.21 billion, a P/E ratio of 20.47, a P/E/G ratio of 1.66 and a beta of 0.55.

Iberdrola Company Profile

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Iberdrola, SA is a Spanish energy company engaged in the generation, transmission, distribution and sale of electricity. Its activities include renewable power generation, particularly wind, solar and hydropower, as well as electricity networks and customer energy services. The company also develops and operates energy storage and other infrastructure supporting the transition to lower-carbon energy systems.

Headquartered in Bilbao, Spain, Iberdrola serves residential, commercial and industrial customers through operations in Spain, the United Kingdom, the United States, Brazil and other international markets.

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