Siemens Energy (SMEGF) to Post Quarterly Earnings on Wednesday

Siemens Energy (OTCMKTS:SMEGF) is expected to issue its results before the market opens on Wednesday, August 5th. Analysts expect Siemens Energy to announce earnings of $1.34 per share and revenue of $12.7867 billion for the quarter.

Siemens Energy Stock Performance

Shares of OTCMKTS:SMEGF opened at $167.46 on Tuesday. The business has a 50 day simple moving average of $180.23 and a two-hundred day simple moving average of $184.25. Siemens Energy has a 1 year low of $98.00 and a 1 year high of $223.95.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Siemens Energy in a report on Wednesday, May 13th. Barclays lowered shares of Siemens Energy to an “underweight” rating in a report on Monday, July 6th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Siemens Energy presently has a consensus rating of “Hold”.

About Siemens Energy

Siemens Energy AG is a global energy technology company headquartered in Munich, Germany. Established in 2020 as a spin-off from Siemens AG’s Energy Management and Power and Gas divisions, the company develops and delivers equipment, solutions and services across the energy value chain. Its portfolio encompasses products for power generation, transmission and storage, serving utilities, independent power producers and industrial customers.

The company’s main business activities include the design and manufacture of gas and steam turbines, generators and compressors for conventional power plants, as well as high-voltage transformers, switchgear and grid stabilization equipment for power transmission networks.