Verbund (OEZVY) to Release Earnings on Thursday

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

Verbund (OTCMKTS:OEZVY) last released its quarterly earnings data on Wednesday, May 13th. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.04. The firm had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.27 billion.

Verbund Price Performance

OTCMKTS OEZVY opened at $13.70 on Thursday. Verbund has a 1-year low of $11.88 and a 1-year high of $17.13. The business’s 50-day simple moving average is $13.45 and its 200-day simple moving average is $14.40.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on OEZVY shares. Morgan Stanley reaffirmed an “underweight” rating on shares of Verbund in a research report on Monday, May 18th. Deutsche Bank Aktiengesellschaft restated a “sell” rating on shares of Verbund in a research note on Thursday, April 23rd. Four investment analysts have rated the stock with a Sell rating, According to data from MarketBeat, Verbund 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.