Verbund (OTCMKTS:OEZVY) Releases Earnings Results, Beats Estimates By $0.04 EPS

Verbund (OTCMKTS:OEZVY) announced its quarterly earnings data on Wednesday. The company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.04, Zacks reports. The firm had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.54 billion.

Verbund Price Performance

Verbund stock traded down $0.08 during trading hours on Friday, reaching $14.10. The company had a trading volume of 140 shares, compared to its average volume of 828. Verbund has a 12-month low of $13.61 and a 12-month high of $17.13. The company has a 50-day moving average price of $15.21 and a 200 day moving average price of $15.00.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Kepler Capital Markets cut Verbund from a “hold” rating to a “strong sell” rating in a research note on Monday, February 16th. Deutsche Bank Aktiengesellschaft reaffirmed 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 data from MarketBeat, the stock currently has a consensus rating of “Strong Sell”.

Verbund Company Profile

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.