Verbund (OEZVY) to Announce Quarterly Earnings on Thursday

Verbund (OTCMKTS:OEZVY) is expected to release its resultson Thursday, July 30th. Analysts expect Verbund to post earnings of $0.1942 per share and revenue of $2.3112 billion for the quarter.

Verbund (OTCMKTS:OEZVY) last issued its earnings results on Wednesday, May 13th. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.04. The firm had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.27 billion.

Verbund Price Performance

OEZVY opened at $14.67 on Wednesday. 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 of $13.48 and a 200-day moving average of $14.37.

Wall Street Analyst Weigh In

A number of research firms recently commented on OEZVY. Deutsche Bank Aktiengesellschaft restated a “sell” rating on shares of Verbund in a report on Thursday, April 23rd. Morgan Stanley reissued an “underweight” rating on shares of Verbund in a research report on Monday, May 18th. Four equities research analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, Verbund presently has an average 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.