Avangrid Inc expected to post earnings of 91 cents a share - Earnings Preview

Avangrid

19/02/2024 23:09

* Avangrid Inc  AGR.N   AGR  is expected to show a rise in
quarterly revenue when it reports  results on February 21 for
the period ending December 31 2023
    * The Orange Connecticut-based  company is expected to
report a
11.3% increase in revenue to $2.401 billion from $2.16 billion a
year ago, according to the mean estimate from 4 analysts, based
on LSEG data.
    * ​LSEG's mean analyst estimate for Avangrid Inc is for
earnings
of 91 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 6
"hold" and 3 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Avangrid
Inc is
$34.00​, above​ its last closing price of $31.63. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 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. 31 2022  0.39        0.39       0.39      Met     1.1
 ​​Sep.        0.33        0.34       0.31      Missed  -7.7
 30 2022                                                
 Jun. 30 2022  0.34        0.33       0.46      Beat    37.6​
 Mar. 31 2022  1.00        1.00       1.16      Beat    16.5
 Dec. 31 2021  0.40        0.38       0.44      Beat    15.3
 This summary was machine generated February 19 at 23:09 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)