Avangrid Intrinsic Stock Value – AVANGRID Reports FY2022 Q4 Earnings Results for Period Ending December 31 2022
March 4, 2023
Earnings report
Avangrid Intrinsic Stock Value – AVANGRID ($NYSE:AGR) reported its FY2022 Q4 earnings results for the period ending December 31 2022 on February 21 2023. Total revenue for the quarter amounted to USD 147.0 million, representing a 10.4% decrease year over year. The impressive rise in net income is attributed to cost-cutting initiatives and the successful methodologies used in managing expenses throughout the period.
Furthermore, operating costs were closely monitored and adjusted where necessary to generate optimal levels of profitability during the quarter. Overall, the fourth quarter of fiscal year 2022 proved to be a positive period for AVANGRID as the company reported continued growth in key financial areas despite a slightly reduced total revenue output.
Share Price
On Tuesday, AVANGRID released their financial results for the fourth quarter of fiscal year 2022, ending December 31 2022. During the period, the company’s stock opened at $41.2 but ended the day at $40.4, a decrease of 2.4% from the prior closing price of 41.3. Investors reacted with mixed feelings as the company’s earnings were not as high as analysts were expecting. The reported earnings were lower than the same period from last year, indicating a challenging period ahead for AVANGRID. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Avangrid. More…
| Total Revenues | Net Income | Net Margin |
| 7.92k | 881 | 11.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Avangrid. More…
| Operations | Investing | Financing |
| 1.03k | -2.55k | 108 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Avangrid. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 41.12k | 20.78k | 50.13 |
Key Ratios Snapshot
Some of the financial key ratios for Avangrid are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 7.7% | -5.3% | 14.4% |
| FCF Margin | ROE | ROA |
| -18.7% | 3.7% | 1.7% |
Analysis – Avangrid Intrinsic Stock Value
A t G o o d W h a l e , w e h a v e c o n d u c t e d a c o m p r e h e n s i v e a n a l y s i s o f A V A N G R I D ‘ s w e l l b e i n g . T h i s p r o v i d e s i n v e s t o r s w i t h a b u y i n g o p p o r t u n i t y t o p u r c h a s e A V A N G R I D s h a r e s a t a d i s c o u n t. More…
Peers
The competition between Avangrid Inc and its competitors is fierce. Southern Co, Consolidated Edison Inc, and NextEra Energy Inc are all giant companies in the energy industry, and they are all fighting for market share.
– Southern Co ($NYSE:SO)
The Southern Company is an American electric utility holding company headquartered in Atlanta, Georgia, United States. It is the parent company of Georgia Power, Mississippi Power, Alabama Power, and Gulf Power.
– Consolidated Edison Inc ($NYSE:ED)
Consolidated Edison Inc has a market cap of 29.58B as of 2022. It is a Return on Equity of 8.28%. The company is engaged in the business of electric, gas and steam utility operations. It serves customers in New York City and Westchester County.
– NextEra Energy Inc ($NYSE:NEE)
NextEra Energy Inc. is a clean energy company with operations in 27 states and Canada. The company has a market cap of 138.79B as of 2022 and a return on equity of 4.45%. NextEra Energy’s business is divided into two segments: electric power generation and retail electricity sales. The company generates electricity from natural gas, nuclear, solar, and wind power. It also sells electricity to residential, commercial, and industrial customers through its subsidiaries. NextEra Energy is one of the largest electric utilities in the United States and the largest generator of renewable energy in the world.
Summary
AVANGRID reported total revenue of USD 147.0 million for the quarter, a 10.4% decrease year over year. Despite the decrease in revenue, AVANGRID saw a net income increase of 11.6% to USD 2158.0 million over the same period. Investors can take this information as a positive sign that the company is continuing to be profitable despite the decrease in revenue. It is important to note that AVANGRID’s stock price does not necessarily reflect the company’s current financial performance, as there are other factors to consider when determining investment potential.
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