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Avangrid Past Earnings Performance

Past criteria checks 5/6

Avangrid has been growing earnings at an average annual rate of 7.8%, while the Electric Utilities industry saw earnings growing at 13.5% annually. Revenues have been growing at an average rate of 7.6% per year. Avangrid's return on equity is 4.8%, and it has net margins of 12.9%.

Key information

7.8%

Earnings growth rate

1.7%

EPS growth rate

Electric Utilities Industry Growth7.3%
Revenue growth rate7.6%
Return on equity4.8%
Net Margin12.9%
Last Earnings Update30 Sep 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Avangrid makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

DB:12A Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 248,7051,122-140
30 Jun 248,596976-180
31 Mar 248,260892-200
31 Dec 238,309786-220
30 Sep 238,185536430
30 Jun 238,049582730
31 Mar 238,256681540
31 Dec 227,923881580
30 Sep 227,698898310
30 Jun 227,45890470
31 Mar 227,141818350
31 Dec 216,974707370
30 Sep 216,710709420
30 Jun 216,582685490
31 Mar 216,497675550
31 Dec 206,320581620
30 Sep 206,2586051020
30 Jun 206,275668950
31 Mar 206,283690860
31 Dec 196,336667790
30 Sep 196,394596630
30 Jun 196,453571840
31 Mar 196,4555681070
31 Dec 186,4775871280
30 Sep 186,3463991280
30 Jun 186,1413731640
31 Mar 186,0703861220
31 Dec 175,9633811200
30 Sep 175,921667570
30 Jun 175,99867700
31 Mar 176,106659190
31 Dec 166,01863200
30 Sep 165,68051900
30 Jun 165,31046400
31 Mar 164,81037300
31 Dec 154,36727300
30 Sep 154,33226800
30 Jun 154,26627800
31 Mar 154,26533000
31 Dec 144,59442400
30 Sep 145,3471200
30 Jun 145,1523300
31 Mar 144,8003961,1300
31 Dec 134,313-5100

Quality Earnings: 12A has high quality earnings.

Growing Profit Margin: 12A's current net profit margins (12.9%) are higher than last year (6.5%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: 12A's earnings have grown by 7.8% per year over the past 5 years.

Accelerating Growth: 12A's earnings growth over the past year (109.3%) exceeds its 5-year average (7.8% per year).

Earnings vs Industry: 12A earnings growth over the past year (109.3%) exceeded the Electric Utilities industry -10.9%.


Return on Equity

High ROE: 12A's Return on Equity (4.8%) is considered low.


Return on Assets


Return on Capital Employed


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/23 15:15
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Avangrid, Inc. is covered by 13 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Eric BeaumontBarclays
Paul ZimbardoBofA Global Research
Andrzej TomczykCFRA Equity Research