AVANGRID reaffirms strong financial guidance for next few years
September 23, 2022
Trending News ☀️
Avangrid Intrinsic Value – Avangrid($NYSE:AGR) has reaffirmed its strong financial guidance for the next few years. The company has reiterated its adjusted earnings guidance for FY2022 of $2.20-$2.38 per share, and said it is targeting an earnings compound annual growth rate of 6%-7%.
Avangrid is a leading energy and utility company with a diversified portfolio of electric and gas businesses. The company is committed to delivering clean, reliable, and affordable energy to its customers and communities.
Earnings
AVANGRID is a leading energy services and delivery company with operations in the northeastern United States. In its earning report of FY2022 Q2, AVANGRID earned 7458.0M USD in total revenue, earned 904.0M USD in net income. Compared to previous year, 6.9% increase in total revenue, 27.9% increase in net income. AVANGRID’s total revenue reached from 6320.0M USD to 7458.0M USD in the last 3 years.
Market Price
On Thursday, AVANGRID stock opened at $48.8 and closed at $46.7, down by 3.9% from previous closing price of 48.6. There was no major news released by the company that could explain the stock price movement. However, the overall market was down on Thursday due to concerns about the coronavirus pandemic.
VI Analysis – Avangrid Intrinsic Value Calculator
Investors often have a difficult time analyzing a company’s long-term potential. However, the VI app makes this process much simpler by providing users with key fundamental data points. Based on this information, we believe that AVANGRID’s fair value is around $48.4 per share. The stock is currently trading at $46.7, which represents a discount of 4%.
Summary
However, it is worth noting that the stock price moved down on the same day that the guidance was announced. This could be due to a number of factors, such as general market conditions or concerns about the company’s specific financial situation. Therefore, it is important to do your own research before making any investment decisions.
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