Verbund (OTCMKTS:OEZVY) Releases Earnings Results, Misses Estimates By $0.02 EPS

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

Verbund Price Performance

Shares of OTCMKTS:OEZVY traded down $0.64 during trading hours on Thursday, hitting $14.03. The stock had a trading volume of 159 shares, compared to its average volume of 817. The stock’s fifty day simple moving average is $13.49 and its 200 day simple moving average is $14.36. Verbund has a 1-year low of $11.88 and a 1-year high of $17.13.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on OEZVY shares. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating on shares of Verbund in a research note on Thursday, April 23rd. Morgan Stanley reaffirmed an “underweight” rating on shares of Verbund in a report on Monday, May 18th. Four research analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the company 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.