Earnings Alerts

Avangrid (AGR) Earnings: 2Q Adjusted EPS Surpasses Estimates with 49c vs. 38c Estimated

  • Avangrid’s second-quarter adjusted EPS is 49 cents, significantly up from 21 cents year-over-year.
  • The adjusted EPS estimate was 38 cents, making the actual result a positive surprise.
  • Networks segment adjusted EPS is 39 cents, up from 20 cents year-over-year.
  • Renewables segment adjusted EPS stands at 22 cents.
  • Total EPS is 44 cents, compared to 22 cents from the previous year’s same quarter.
  • Analyst recommendations include 1 buy, 5 holds, and 2 sells.

Avangrid on Smartkarma



Analysts on Smartkarma are providing insightful coverage of Avangrid Inc., offering valuable perspectives for investors to consider.

Value Investors Club‘s recent report highlights the confidence in a higher offer for AGR, making it an attractive short-term investment opportunity. Meanwhile, Baptista Research commends Avangrid’s robust execution of strategic plans, particularly in expanding their sustainable energy solutions amidst a growing shift towards renewables. Jesus Rodriguez Aguilar‘s analysis focuses on Iberdrola’s offer to acquire minorities in Avangrid, showcasing market anticipation and the potential for offer sweetening. This diversity of opinions and in-depth research can guide investors in making informed decisions regarding Avangrid’s future prospects.



A look at Avangrid Smart Scores

FactorScoreMagnitude
Value5
Dividend4
Growth3
Resilience3
Momentum3
OVERALL SMART SCORE3.6

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Avangrid, Inc. is positioned favorably for the long term, as indicated by its Smartkarma Smart Scores for various factors. With a top score in Value and solid scores in Dividend, Resilience, and Momentum, Avangrid is showing strength across multiple key areas. This suggests that the company is well-valued in the market and has a stable dividend payout, indicating reliability. While Growth scores slightly lower, the company’s focus on regulated energy transmission and distribution, including wind and solar power, along with natural gas utilities, positions it well for sustainable long-term growth. Overall, Avangrid’s strategic focus on serving customers in the United States underpins its positive outlook.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.


 

πŸ’‘ Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • βœ“ Unlimited Research Summaries
  • βœ“ Personalised Alerts
  • βœ“ Custom Watchlists
  • βœ“ Company Analytics and News
  • βœ“ Events & Webinars