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Avangrid (AGR) Surpasses Q1 Earnings Estimates
AvangridAvangrid(US:AGR) Zacks Investment Research·2024-04-23 23:11

分组1 - Avangrid reported quarterly earnings of $0.88 per share, exceeding the Zacks Consensus Estimate of $0.71 per share, and up from $0.64 per share a year ago, representing an earnings surprise of 23.94% [1] - The company posted revenues of $2.42 billion for the quarter ended March 2024, missing the Zacks Consensus Estimate by 6.01%, and down from $2.47 billion year-over-year [1] - Over the last four quarters, Avangrid has surpassed consensus EPS estimates two times but has not beaten consensus revenue estimates [1] 分组2 - Avangrid shares have increased approximately 14.3% since the beginning of the year, outperforming the S&P 500's gain of 5.1% [2] - The current consensus EPS estimate for the upcoming quarter is $0.38 on revenues of $1.7 billion, and for the current fiscal year, it is $2.23 on revenues of $8.62 billion [4] - The Utility - Electric Power industry, to which Avangrid belongs, is currently ranked in the top 38% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [4]