Iberdrola (IBDRY) Projected to Announce Earnings on Wednesday

Iberdrola (OTCMKTS:IBDRY) is projected to post its results before the market opens on Wednesday, October 21st. Analysts expect Iberdrola to announce earnings of $1.11 per share and revenue of $12.72 billion for the quarter.

Iberdrola (OTCMKTS:IBDRY) last issued its quarterly earnings data on Wednesday, July 22nd. The utilities provider reported $1.14 earnings per share for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.02). Iberdrola had a return on equity of 9.88% and a net margin of 15.59%. The business had revenue of $11.93 billion for the quarter, compared to analysts’ expectations of $12.08 billion. On average, analysts expect Iberdrola to post $4.65 EPS for the current fiscal year and $5.01 EPS for the next fiscal year.

Iberdrola Stock Performance

OTCMKTS IBDRY opened at $97.58 on Monday. The stock has a market cap of $162.79 billion, a price-to-earnings ratio of 20.67, a price-to-earnings-growth ratio of 1.71 and a beta of 0.55. The business has a fifty day moving average of $93.71 and a 200-day moving average of $94.11. Iberdrola has a fifty-two week low of $78.32 and a fifty-two week high of $100.64. The company has a quick ratio of 0.63, a current ratio of 0.75 and a debt-to-equity ratio of 0.79.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on IBDRY. Deutsche Bank Aktiengesellschaft upgraded shares of Iberdrola to a “buy” rating in a research report on Tuesday, September 29th. Citigroup upgraded Iberdrola to a “hold” rating in a report on Friday, June 26th. Erste Group Bank raised Iberdrola from a “hold” rating to a “buy” rating in a research note on Thursday, June 25th. Kepler Capital Markets lowered shares of Iberdrola from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 1st. Finally, The Goldman Sachs Group raised shares of Iberdrola from a “hold” rating to a “buy” rating in a research report on Thursday, October 1st. Four equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Iberdrola Company Profile

Iberdrola, SA is a Spanish energy company engaged in the generation, distribution and supply of electricity, with a strategic focus on renewable energy and regulated electricity networks. Its activities include onshore and offshore wind, solar power, hydroelectric generation, battery storage and other low-carbon energy technologies, as well as the development and operation of electricity transmission and distribution infrastructure.

The company also supplies electricity and related energy services to residential, commercial and industrial customers.