Verbund (OEZVY) Projected to Post Quarterly Earnings on Thursday

Verbund (OTCMKTS:OEZVY) is projected to release its resultson Thursday, July 30th. Analysts expect the company to announce earnings of $0.1942 per share and revenue of $2.3112 billion for the quarter.

Verbund (OTCMKTS:OEZVY) last announced its quarterly earnings data on Wednesday, May 13th. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.04. The company had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.27 billion.

Verbund Stock Performance

Shares of OEZVY opened at $14.67 on Tuesday. The stock’s 50-day moving average price is $13.47 and its two-hundred day moving average price is $14.37. Verbund has a 1 year low of $11.88 and a 1 year high of $17.13.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on OEZVY. Morgan Stanley reissued an “underweight” rating on shares of Verbund in a research report on Monday, May 18th. Deutsche Bank Aktiengesellschaft restated a “sell” rating on shares of Verbund in a research note on Thursday, April 23rd. Four analysts have rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Strong Sell”.

Verbund Company Profile

Verbund AG is Austria’s leading electricity company and one of Europe’s largest producers of hydropower. The company’s core activities encompass the generation, transmission and distribution of electric power, with a focus on renewable energy sources. Verbund operates more than 130 hydropower plants along the Danube, Inn and Enns rivers, supplemented by pumped storage facilities and thermal generation assets. Through its integrated electricity grid, the company supplies power to domestic consumers and industrial clients while also participating in wholesale energy markets across Central Europe.

In addition to its extensive hydropower portfolio, Verbund has expanded into wind, solar and battery storage projects to support Europe’s transition to carbon-neutral energy.