Acciona reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Acciona announced earnings per share of €1.43 on revenue of €1.62B. Analysts polled by anticipated EPS of €1.19 on revenue of €1.52B. That with comparison to EPS of €1.33 on revenue of €1.71B in the same period a year before. Acciona had reported EPS of €1.87 on revenue of €1.9B in the previous quarter. Analysts are expecting EPS of €1.33 and revenue of €1.66B in the upcoming quarter.
Acciona shares are down 8% from the beginning of the year , still down 32.36% from its 52 week high of €126.70 set on March 4. They are outperforming the IBEX 35 which is down 30.17% year to date.
Acciona follows other major Utilities sector earnings this month
Acciona's report follows an earnings missed by Iberdrola on April 29, who reported EPS of €0.18 on revenue of €9.43B, compared to forecasts EPS of €0.2 on revenue of €10.09B.
Endesa had beat expectations on Monday with first quarter EPS of €0.8 on revenue of €5.07B, compared to forecast for EPS of €0.35 on revenue of €5.53B.
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