Preview: Avangrid's Earnings
Portfolio Pulse from Benzinga Insights
Avangrid (NYSE:AGR) is scheduled to release its quarterly earnings report on February 21, 2024, with analysts expecting an EPS of $0.91. The company's past earnings performance shows a mixed record of beating and missing EPS estimates, leading to various stock price changes. Avangrid's stock has declined 23.53% over the last 52 weeks, indicating a bearish sentiment among long-term shareholders. Investors will be keenly watching for the earnings outcome and particularly the company's guidance for future growth.
February 20, 2024 | 7:02 pm
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Avangrid is expected to report an EPS of $0.91 for the upcoming quarter. Historical performance shows mixed results in beating EPS estimates, affecting stock prices variably. With a 23.53% decline over the past year, investor sentiment is bearish.
The expected EPS of $0.91 sets a benchmark for Avangrid's performance. Given the historical impact of earnings reports on AGR's stock price, the upcoming announcement could sway the stock in either direction, depending on whether they meet, miss, or exceed expectations. The bearish sentiment from a 23.53% annual decline suggests that investors may be particularly sensitive to any negative deviations from expected results. However, positive guidance could potentially offset some of the negative sentiment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100