Erste Group Bank Lowers Earnings Estimates for Iberdrola

Iberdrola S.A. (OTCMKTS:IBDRY) – Investment analysts at Erste Group Bank dropped their FY2027 EPS estimates for shares of Iberdrola in a report released on Friday, June 5th. Erste Group Bank analyst S. Lingnau now forecasts that the utilities provider will post earnings of $4.93 per share for the year, down from their prior estimate of $4.96. Erste Group Bank has a “Hold” rating on the stock. The consensus estimate for Iberdrola’s current full-year earnings is $4.60 per share.

A number of other analysts have also commented on IBDRY. Barclays upgraded shares of Iberdrola from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, May 26th. The Goldman Sachs Group restated a “neutral” rating on shares of Iberdrola in a research note on Friday, February 27th. Two equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold”.

Iberdrola Stock Performance

Shares of IBDRY stock opened at $94.75 on Friday. The firm has a market capitalization of $160.08 billion, a PE ratio of 23.34, a price-to-earnings-growth ratio of 2.34 and a beta of 0.64. The firm has a fifty day simple moving average of $92.66 and a two-hundred day simple moving average of $89.99. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 0.72. Iberdrola has a 12 month low of $69.66 and a 12 month high of $96.50.

Iberdrola (OTCMKTS:IBDRY) last announced its quarterly earnings results on Wednesday, April 29th. The utilities provider reported $1.15 EPS 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 the consensus estimate of $13.62 billion. Iberdrola had a net margin of 13.40% and a return on equity of 9.88%.

Iberdrola Company Profile

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.