Avangrid Historical Income Statement
AGR Stock | USD 36.55 0.10 0.27% |
Historical analysis of Avangrid income statement accounts such as Total Revenue of 8.7 B, Gross Profit of 2.9 B or Operating Income of 976.5 M can show how well Avangrid performed in making a profits. Evaluating Avangrid income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Avangrid's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Avangrid latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Avangrid is a good buy for the upcoming year.
Avangrid |
About Avangrid Income Statement Analysis
Avangrid Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Avangrid shareholders. The income statement also shows Avangrid investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Avangrid Income Statement Chart
Avangrid Income Statement is one of the three primary financial statements used for reporting Avangrid's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Avangrid revenue and expense. Avangrid Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Avangrid's Depreciation And Amortization is relatively stable compared to the past year. As of 05/03/2024, Other Operating Expenses is likely to grow to about 7.7 B, while Net Income From Continuing Ops is likely to drop slightly above 621.6 M. Add Fundamental
Total Revenue
Total revenue comprises all receipts Avangrid generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Avangrid minus its cost of goods sold. It is profit before Avangrid operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Operating Income
Operating Income is the amount of profit realized from Avangrid operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Avangrid is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Net Interest Income
The difference between the revenue generated from a bank's interest-bearing assets and the expenses associated with paying its interest-bearing liabilities.Most accounts from Avangrid's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Avangrid current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Avangrid. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. To learn how to invest in Avangrid Stock, please use our How to Invest in Avangrid guide.At this time, Avangrid's Depreciation And Amortization is relatively stable compared to the past year. As of 05/03/2024, Other Operating Expenses is likely to grow to about 7.7 B, while Net Income From Continuing Ops is likely to drop slightly above 621.6 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 2.5B | 2.6B | 2.8B | 2.9B | Total Revenue | 7.0B | 7.9B | 8.3B | 8.7B |
Avangrid income statement Correlations
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Avangrid Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Avangrid income statement Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Interest Expense | 303M | 306M | 316M | 298M | 409M | 429.5M | |
Total Revenue | 6.3B | 6.3B | 7.0B | 7.9B | 8.3B | 8.7B | |
Gross Profit | 2.5B | 2.5B | 2.5B | 2.6B | 2.8B | 2.9B | |
Operating Income | 1.0B | 869M | 895M | 1.1B | 930M | 976.5M | |
Ebit | 1.0B | 869M | 895M | 1.1B | 983M | 1.0B | |
Ebitda | 2.1B | 1.9B | 2.0B | 2.2B | 2.1B | 2.2B | |
Net Income | 700M | 581M | 707M | 881M | 786M | 825.3M | |
Income Tax Expense | 143M | 29M | 21M | 20M | (9M) | (8.6M) | |
Depreciation And Amortization | 1.1B | 1.0B | 1.1B | 1.1B | 1.2B | 1.2B | |
Cost Of Revenue | 3.8B | 3.8B | 4.4B | 5.3B | 5.5B | 5.8B | |
Total Operating Expenses | 1.5B | 1.6B | 1.7B | 1.7B | 1.8B | 1.9B | |
Income Before Tax | 819M | 568M | 664M | 841M | 656M | 688.8M | |
Total Other Income Expense Net | (184M) | (301M) | (231M) | (303M) | 135M | 141.8M | |
Selling General Administrative | 3M | 14M | 18M | 15M | 13.5M | 13.7M | |
Net Income From Continuing Ops | 676M | 539M | 643M | 821M | 665M | 621.6M | |
Net Income Applicable To Common Shares | 667M | 581M | 707M | 881M | 1.0B | 627.4M | |
Minority Interest | 349M | (42M) | (64M) | 60M | 121M | 86.2M | |
Interest Income | 303M | 319M | 291M | 41M | 36.9M | 35.1M | |
Net Interest Income | (303M) | (306M) | (316M) | (298M) | (409M) | (429.5M) | |
Non Operating Income Net Other | 122M | 15M | 67M | 292M | 335.8M | 352.6M | |
Reconciled Depreciation | 998M | 974M | 1.0B | 1.1B | 1.2B | 1.1B |
Pair Trading with Avangrid
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Avangrid position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Avangrid will appreciate offsetting losses from the drop in the long position's value.Moving together with Avangrid Stock
0.89 | D | Dominion Energy | PairCorr |
0.81 | ES | Eversource Energy | PairCorr |
0.8 | FE | FirstEnergy | PairCorr |
Moving against Avangrid Stock
0.91 | HE | Hawaiian Electric Earnings Call This Week | PairCorr |
0.61 | EBR | Centrais Electricas Earnings Call This Week | PairCorr |
0.47 | CMS-PC | CMS Energy Earnings Call Today | PairCorr |
0.47 | EDN | Empresa Distribuidora Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Avangrid could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Avangrid when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Avangrid - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Avangrid to buy it.
The correlation of Avangrid is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Avangrid moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Avangrid moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Avangrid can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Avangrid. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. To learn how to invest in Avangrid Stock, please use our How to Invest in Avangrid guide.Note that the Avangrid information on this page should be used as a complementary analysis to other Avangrid's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
Complementary Tools for Avangrid Stock analysis
When running Avangrid's price analysis, check to measure Avangrid's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Avangrid is operating at the current time. Most of Avangrid's value examination focuses on studying past and present price action to predict the probability of Avangrid's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Avangrid's price. Additionally, you may evaluate how the addition of Avangrid to your portfolios can decrease your overall portfolio volatility.
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Is Avangrid's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Avangrid. If investors know Avangrid will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Avangrid listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.44 | Dividend Share 1.76 | Earnings Share 2.31 | Revenue Per Share 21.352 | Quarterly Revenue Growth (0.02) |
The market value of Avangrid is measured differently than its book value, which is the value of Avangrid that is recorded on the company's balance sheet. Investors also form their own opinion of Avangrid's value that differs from its market value or its book value, called intrinsic value, which is Avangrid's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Avangrid's market value can be influenced by many factors that don't directly affect Avangrid's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Avangrid's value and its price as these two are different measures arrived at by different means. Investors typically determine if Avangrid is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Avangrid's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.