Avangrid Sees FY24 Adj. EPS $2.17-$2.32 Vs $2.26 Est.
Portfolio Pulse from Benzinga Newsdesk
Avangrid projects its FY24 adjusted EPS to be in the range of $2.17-$2.32, compared to the estimated $2.26.
February 21, 2024 | 10:06 pm
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Avangrid anticipates its FY24 adjusted EPS to be between $2.17 and $2.32, which is in line with the analyst estimate of $2.26.
Avangrid's projected EPS range for FY24 closely matches the analyst estimate, suggesting a neutral short-term impact on its stock price. The forecast indicates management's confidence in the company's performance, but since it aligns with existing expectations, the immediate market reaction may be muted.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100