Verbund (OTCMKTS:OEZVY) Announces Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Verbund (OTCMKTS:OEZVY) announced its quarterly earnings results on Thursday. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02), Zacks reports.

Verbund Price Performance

Shares of Verbund stock opened at $14.03 on Friday. Verbund has a fifty-two week low of $11.88 and a fifty-two week high of $17.13. The business has a 50-day moving average price of $13.49 and a 200 day moving average price of $14.36.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Morgan Stanley restated an “underweight” rating on shares of Verbund in a research note on Monday, May 18th. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating on shares of Verbund in a research note on Thursday, April 23rd. Four investment analysts have rated the stock with a Sell rating, According to MarketBeat.com, Verbund presently has a consensus rating of “Strong Sell”.

About Verbund

Verbund AG is Austria’s leading electricity company and one of Europe’s largest producers of hydropower. The company’s core activities encompass the generation, transmission and distribution of electric power, with a focus on renewable energy sources. Verbund operates more than 130 hydropower plants along the Danube, Inn and Enns rivers, supplemented by pumped storage facilities and thermal generation assets. Through its integrated electricity grid, the company supplies power to domestic consumers and industrial clients while also participating in wholesale energy markets across Central Europe.

In addition to its extensive hydropower portfolio, Verbund has expanded into wind, solar and battery storage projects to support Europe’s transition to carbon-neutral energy.