Avangrid (AGR) Misses Q4 EPS by 4c, Miss on Revenues; Offers FY18 EPS Mid-Point Outlook Below Consensus

Avangrid (NYSE: AGR) reported Q4 EPS of $0.61, $0.04 worse than the analyst estimate of $0.65. Revenue for the quarter came in at $1.53 billion versus the consensus estimate of $1.62 billion.

Excluding the items mentioned above, the non-U.S. GAAP consolidated adjusted net income for the fourth quarter of 2017 was $188 million, or $0.61 per share, compared to $207 million, or $0.67 per share, for the same period in 2016.

GUIDANCE:

Avangrid sees FY2018 EPS of $2.22-$2.50, versus the consensus of $2.44.

For earnings history and earnings-related data on Avangrid (AGR) click here.

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