Avangrid Inc reports results for the quarter ended in September 30 - Earnings Summary

Avangrid

23/10/2024 05:11

* Avangrid Inc  AGR.N  reported quarterly adjusted earnings
of 55
cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of 27 cents.  The mean expectation of four analysts for the
quarter was for earnings of 33 cents per share. Wall Street
expected results to range from 24 cents to 49 cents per share.
    * Revenue rose 5.5% to $2.08 billion from a year ago;
analysts
expected $2.04 billion. 
    * Avangrid Inc's reported EPS for the quarter was 53 cents​.
    * The company reported quarterly net income of $205 million.
    * Avangrid Inc shares had fallen by 0.3% this quarter and
gained 10.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 10% in
the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 4
"hold" and 3 "sell" or "strong sell." 
    * The average consensus recommendation for the electric
utilities
peer group is also "hold"

Wall Street's median 12-month price target for Avangrid Inc is
35.75 
This summary was machine generated from LSEG data October 23 at
04:11 a.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      0.33           0.55           Beat
 Jun. 30 2024      0.38           0.49           Beat
 Mar. 31 2024      0.68           0.88           Beat
 Dec. 31 2023      0.91           0.97           Beat