Earnings Alerts

Iberdrola SA (IBE) Earnings: 3Q Net Income Surpasses Estimates with Strong Financial Performance

By October 23, 2024 No Comments
  • Iberdrola’s net income for the third quarter was €1.34 billion, surpassing analysts’ estimates of €1.15 billion.
  • The company reported an EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) of €3.65 billion for the same period.
  • Pretax profit for the third quarter stood at €1.89 billion.
  • Iberdrola’s revenue during the third quarter reached €10.48 billion.
  • EBIT (Earnings Before Interest and Taxes) for the third quarter was €2.21 billion.
  • For the first nine months, Iberdrola’s net income totaled €5.47 billion.
  • The company’s nine-month EBITDA amounted to €13.27 billion.
  • Nine-month EBIT was reported at €9.07 billion.
  • Total revenue for the first nine months of the year was €33.12 billion.
  • Pretax profit over the nine-month period reached €7.90 billion.
  • Market analysts have a mixed view of the company, with 14 buy ratings, 17 hold ratings, and 3 sell ratings.

A look at Iberdrola SA Smart Scores

FactorScoreMagnitude
Value3
Dividend4
Growth4
Resilience3
Momentum5
OVERALL SMART SCORE3.8

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

Analysts using Smartkarma Smart Scores have provided a positive long-term outlook for Iberdrola SA, a company that focuses on generating, distributing, and trading electricity across multiple regions. With a strong momentum score of 5, Iberdrola SA is showing promising signs of growth and performance. Its Dividend and Growth scores of 4 reflect a stable financial position and potential for expansion in the clean energy sector, particularly in wind power, which is the company’s specialty.

Although Value and Resilience scores sit at 3, indicating room for improvement, the overall outlook for Iberdrola SA remains optimistic. Investors may find Iberdrola SA an attractive opportunity for long-term investment, given its solid performance in key areas such as momentum, dividend, and growth.


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.


 

💡 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

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