Naturgy Energy reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Naturgy Energy announced earnings per share of €0.34 on revenue of €5.41B. Analysts polled by anticipated EPS of €0.38 on revenue of €6.15B. That with comparison to EPS of €0.39 on revenue of €6.35B in the same period a year before. Naturgy Energy had reported EPS of €0.45 on revenue of €5.91B in the previous quarter. Analysts are expecting EPS of €0.32 and revenue of €5.27B in the upcoming quarter.
Naturgy Energy shares are down 28% from the beginning of the year , still down 41.07% from its 52 week high of €27.11 set on May 20, 2019. They are under-performing the STOXX 600 which is down 16.72% year to date.
Naturgy Energy follows other major Utilities sector earnings this month
Naturgy Energy's report follows an earnings beat by Iberdrola on Wednesday, who reported EPS of €0.2 on revenue of €9.43B, compared to forecasts EPS of €0.17 on revenue of €10.83B.
Red Electrica had missed expectations on Wednesday with first quarter EPS of €0.34 on revenue of €500.47M, compared to forecast for EPS of €0.35 on revenue of €503.95M.
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