Iberdrola FY2027 EPS Estimate Decreased by Erste Group Bank

Iberdrola S.A. (OTCMKTS:IBDRY) – Equities research analysts at Erste Group Bank cut their FY2027 earnings estimates for shares of Iberdrola in a note issued to investors on Friday, June 5th. Erste Group Bank analyst S. Lingnau now expects that the utilities provider will earn $4.93 per share for the year, down from their previous forecast of $4.96. Erste Group Bank currently has a “Hold” rating on the stock. The consensus estimate for Iberdrola’s current full-year earnings is $4.60 per share.

Several other equities analysts have also weighed in on IBDRY. Barclays upgraded shares of Iberdrola from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, May 26th. The Goldman Sachs Group restated a “neutral” rating on shares of Iberdrola in a research report on Friday, February 27th. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Iberdrola currently has a consensus rating of “Hold”.

Iberdrola Price Performance

IBDRY opened at $94.75 on Friday. The firm has a market cap of $160.08 billion, a P/E ratio of 23.34, a PEG ratio of 2.34 and a beta of 0.64. The firm has a 50-day moving average of $92.66 and a 200 day moving average of $89.99. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.78 and a current ratio of 0.87. Iberdrola has a fifty-two week low of $69.66 and a fifty-two week high of $96.50.

Iberdrola (OTCMKTS:IBDRY) last posted its earnings results on Wednesday, April 29th. The utilities provider reported $1.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.19 by ($0.04). The firm had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.62 billion. Iberdrola had a return on equity of 9.88% and a net margin of 13.40%.

About Iberdrola

Iberdrola, SA is a Spanish multinational electric utility headquartered in Bilbao that develops, produces and supplies electricity and related energy services. The company’s core activities span electricity generation across a diverse mix of assets, transmission and distribution network ownership and operation, and retail supply to residential, commercial and industrial customers. Iberdrola also offers energy management and digital solutions aimed at improving efficiency and integrating distributed and renewable resources.

Renewable energy is a central focus of Iberdrola’s business strategy, with significant investments in wind (onshore and offshore), hydroelectric and solar power and in the modernization of grids to accommodate increasing shares of intermittent generation.