Iberdrola Earnings beat, Revenue misses In Q1

  • Investing.com
Iberdrola Earnings beat, Revenue misses In Q1

Investing.com - Iberdrola (MC: IBE ) reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.

Iberdrola announced earnings per share of €0.2 on revenue of €9.43B. Analysts polled by Investing.com anticipated EPS of €0.17 on revenue of €10.83B. That with comparison to EPS of €0.15 on revenue of €10.14B in the same period a year before.Iberdrola had reported EPS of €0.14 on revenue of €9.98B in the previous quarter.Analysts are expecting EPS of €0.12 and revenue of €10.25B in the upcoming quarter.

Iberdrola shares are up 3% from the beginning of the year and are trading at €9.363 , down-from-52-week-high.They are outperforming the IBEX 35 which is down 26.69% year to date.

Iberdrola follows other major Utilities sector earnings this month

Iberdrola's report follows an earnings missed by Red Electrica on Wednesday, who reported EPS of €0.32 on revenue of €500.5M, compared to forecasts EPS of €0.35 on revenue of €503.95M.

Enagas had matched expectations on Tuesday, April 21, 2020 with first quarter EPS of €0.43 on revenue of €283.3M (NYSE: MMM ), compared to forecast for EPS of €0.43 on revenue of €284.28M.

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