Avangrid Q3 2024 Adj. EPS $0.55 Beats $0.33 Estimate, Sales $2.083B Beat $2.037B Estimate
Portfolio Pulse from Benzinga Newsdesk
Avangrid reported Q3 2024 earnings of $0.55 per share, surpassing the $0.33 estimate and marking a 103.7% increase from last year. Sales reached $2.083 billion, beating the $2.037 billion estimate and showing a 5.52% increase from the previous year.
October 22, 2024 | 8:25 pm
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POSITIVE IMPACT
Avangrid's Q3 2024 earnings and sales significantly exceeded analyst expectations, with EPS at $0.55 and sales at $2.083 billion. This strong performance indicates robust growth and could positively impact the stock price in the short term.
Avangrid's earnings per share of $0.55 beat the consensus estimate by 66.67%, and sales of $2.083 billion exceeded expectations by 2.26%. The significant year-over-year growth in both earnings and sales suggests strong operational performance, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100