Avangrid Q2 Adj EPS $0.49 Beats $0.36 Estimate, Sales $1.92B Beat $1.72B Estimate
Portfolio Pulse from totan@benzinga.com
Avangrid (NYSE:AGR) reported Q2 adjusted EPS of $0.49, beating the $0.36 estimate and showing a 133.33% increase from last year. Sales were $1.92B, surpassing the $1.72B estimate and marking a 21.17% increase from the previous year.
July 23, 2024 | 8:30 pm
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POSITIVE IMPACT
Avangrid reported strong Q2 results with EPS of $0.49 beating estimates by 36.11% and sales of $1.92B exceeding expectations by 11.80%. This represents significant year-over-year growth in both earnings and sales.
The strong earnings and sales performance, significantly beating analyst estimates, is likely to positively impact Avangrid's stock price in the short term. The substantial year-over-year growth further supports a positive outlook.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100