Avangrid, Inc. (NYSE:AGR) energy services holding, is expected to report third quarter earnings results, after market close, on Tuesday 20th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.41 per share.
Looking ahead, the full year income are expected at $ 2.17 per share on the revenues of $ 6381.02 million.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 2.17 ~ $ 2.37 per share
Click Here For More Historical Outlooks Of Avangrid, Inc.
Previous Quarter Performance
Avangrid, Inc. revealed income for the second quarter of $ 0.32 per share, from the revenue of $ 1,392.00 million. The quarterly earnings declined 3.03 percent while revenues contracted 0.57 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.34 per share from $ 1450.77 million in revenue. The bottom line results missed street analysts by $ 0.02 or 5.88 percent, at the same time, top line results fell short of analysts by $ 58.77 million or 4.05 percent.
Stock Performance
Shares of Avangrid, Inc. traded low $ -1.16 or -2.11 percent on Monday, reaching $ 53.93 with volume of 560.20 thousand shares. Avangrid, Inc. has traded high as $ 55.18 and has cracked $ 53.85 on the downward trend
According to the previous trading day, closing price of $ 53.93, representing a 54.66 % increase from the 52 week low of $ 35.62 and a 3.76 % decrease over the 52 week high of $ 57.24.
The company has a market capital of $ 16.66 billion and is part of the Utilities sector and Utilities – Regulated Electric industry.
Recent Analyst recommendations
- On 15th October 2020, maintained by Wells Fargo & Co at Overweight rating, with $ 64.00 target price.
- On 18th September 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 50.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.44 per share on July 14, 2020. The dividend were payable on October 1, 2020 to holders of record as of the close of business on September 1, 2020 and ex-dividend date on August 31, 2020.
Conference Call
Avangrid, Inc. will be hosting a conference call at 10:00 AM eastern time on 21st October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.avangrid.com
Avangrid, Inc. operates as an energy services holding company in the United States. It operates through two segments, Networks and Renewables.
