Verbund (OTCMKTS:OEZVY) Announces Quarterly Earnings Results

Verbund (OTCMKTS:OEZVY) issued its quarterly earnings data on Thursday. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.02), Zacks reports.

Verbund Trading Down 4.4%

Shares of Verbund stock traded down $0.64 on Thursday, reaching $14.03. 159 shares of the company were exchanged, compared to its average volume of 817. Verbund has a one year low of $11.88 and a one year high of $17.13. The company has a 50-day moving average of $13.49 and a 200 day moving average of $14.36.

Wall Street Analysts Forecast Growth

OEZVY has been the topic of several research analyst reports. Morgan Stanley restated an “underweight” rating on shares of Verbund in a report on Monday, May 18th. Deutsche Bank Aktiengesellschaft reissued a “sell” rating on shares of Verbund in a research report on Thursday, April 23rd. Four analysts have rated the stock with a Sell rating, According to data from MarketBeat, Verbund presently has a consensus 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.