Siemens Energy (SMEGF) Projected to Post Quarterly Earnings on Wednesday

Siemens Energy (OTCMKTS:SMEGF) is projected to announce its results before the market opens on Wednesday, August 5th. Analysts expect the company to post earnings of $1.34 per share and revenue of $12.7867 billion for the quarter.

Siemens Energy Stock Performance

SMEGF opened at $175.00 on Monday. Siemens Energy has a 12 month low of $98.00 and a 12 month high of $223.95. The company has a fifty day simple moving average of $180.90 and a 200 day simple moving average of $184.12.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on SMEGF shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Siemens Energy in a report on Wednesday, May 13th. Barclays lowered Siemens Energy to an “underweight” rating in a research report on Monday, July 6th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Siemens Energy currently has an average rating of “Hold”.

About Siemens Energy

Siemens Energy AG is a global energy technology company headquartered in Munich, Germany. Established in 2020 as a spin-off from Siemens AG’s Energy Management and Power and Gas divisions, the company develops and delivers equipment, solutions and services across the energy value chain. Its portfolio encompasses products for power generation, transmission and storage, serving utilities, independent power producers and industrial customers.

The company’s main business activities include the design and manufacture of gas and steam turbines, generators and compressors for conventional power plants, as well as high-voltage transformers, switchgear and grid stabilization equipment for power transmission networks.