Analysts Issue Ratings and Earnings Expectations for Galp Energia
1 report, 1 independent
Updated Oct 1
AI-generated briefing. Brind wrote this from the reports listed below and has updated it as the story developed. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
Financial institutions, including Citigroup and Morgan Stanley, issued rating updates and consensus data for Galp Energia. Analysts anticipate the company will post earnings of $0.52 per share and revenue of $9.38 billion before the market opens on October 26th. Previously, Galp Energia reported $0.60 per share earnings and $8.02 billion in revenue in the quarter ending July 27th, surpassing estimates.
From themarketsdaily.com
Why it matters
The rating changes and consensus expectations influence investor sentiment regarding Galp Energia. Analysts currently expect Galp Energia to post $1.45 per share earnings for the current fiscal year and $1.26 per share for the next fiscal year.
From themarketsdaily.com
Who's involved
- Galp EnergiaPortuguese petroleum company whose financial results are being rated.
- Morgan StanleyU.S. investment bank that has maintained an overweight investment rating on Galp Energia shares.
- BarclaysBritish bank that restated an overweight rating on Galp Energia shares.
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The entities involved
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Galp Energia
Portuguese petroleum company
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