Siemens Energy (SMEGF) Expected to Release Quarterly Earnings on Wednesday

Siemens Energy (OTCMKTS:SMEGF) is expected to release its resultson Wednesday, August 5th. Analysts expect Siemens Energy to post earnings of $1.34 per share and revenue of $12.7867 billion for the quarter.

Siemens Energy Stock Performance

Shares of Siemens Energy stock opened at $159.78 on Wednesday. The stock’s 50 day simple moving average is $183.17 and its 200-day simple moving average is $183.79. Siemens Energy has a 1-year low of $98.00 and a 1-year high of $223.95.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on SMEGF shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Siemens Energy in a research note on Wednesday, May 13th. Barclays cut shares of Siemens Energy to an “underweight” rating in a research report on Monday, July 6th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Siemens Energy presently has an average rating of “Hold”.

About Siemens Energy

Siemens Energy AG is a global energy technology company headquartered in Munich, Germany. Established in 2020 as a spin-off from Siemens AG’s Energy Management and Power and Gas divisions, the company develops and delivers equipment, solutions and services across the energy value chain. Its portfolio encompasses products for power generation, transmission and storage, serving utilities, independent power producers and industrial customers.

The company’s main business activities include the design and manufacture of gas and steam turbines, generators and compressors for conventional power plants, as well as high-voltage transformers, switchgear and grid stabilization equipment for power transmission networks.