Avangrid Inc expected to post earnings of 68 cents a share - Earnings Preview

Avangrid

19/04/2024 23:20

* Avangrid Inc  AGR.N   AGR  is expected to show a rise in
quarterly revenue when it reports  results on April 23 for the
period ending March 31 2024
    * The Orange Connecticut-based  company is expected to
report a
2.9% increase in revenue to $2.537 billion from $2.47 billion a
year ago, according to the mean estimate from 3 analysts, based
on LSEG data.
    * ​LSEG's mean analyst estimate for Avangrid Inc is for
earnings
of 68 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 5
"hold" and 3 "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 0.1%
in the last three months. ​
    * Wall Street's median 12-month price target for Avangrid
Inc is
$34.75​, below​ its last closing price of $36.87. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.93        0.91       0.97      Beat    6.8
 Sep. 30 2023  0.39        0.39       0.27      Missed  -30.6
 Jun. 30 2023  0.36        0.38       0.21      Missed  -44.1​
 Mar. 31 2023  0.74        0.75       0.64      Missed  -15
 ​​Dec.        0.39        0.39       0.39      Met     1.1
 31 2022                                                
 Sep. 30 2022  0.33        0.34       0.31      Missed  -7.7​
 Jun. 30 2022  0.34        0.33       0.46      Beat    37.6
 Mar. 31 2022  1.00        1.00       1.16      Beat    16.5
 This summary was machine generated April 19 at 22:20 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)