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NRG Energy (NRG) Posts Q4 Earnings, Revenues Miss Estimates
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Princeton, NJ-headquartered NRG Energy Inc. (NRG - Free Report) is engaged in the production, sale and delivery of energy and energy products and services to residential, industrial and commercial consumers in major competitive power markets in the U.S.
NRG Energy is focused on expanding its renewable portfolio and announced its move to reintegrate the renewables business into the NRG Energy platform. The company with its renewable asset addition program is well poised to benefit from the extension of the Investment Tax Credit (ITC) for solar and Production Tax Credit (PTC) for wind.
Estimate Trend & Surprise History
Investors should note that the fourth quarter Zacks Consensus Estimate stands at a loss of 10 cents, narrowed from a loss of 51 cents over the last 60 days.
Coming to the earnings surprise, NRG Energy has surpassed the Zacks Consensus Estimate in three of the last four quarters, resulting in a positive average surprise of 22.58%.
We have highlighted some of the key details from the just-released announcement below:
Earnings: NRG Energy’s earnings per share surpassed our expectation. Our consensus called for a loss of 10 cents, and the company reported adjusted earnings of 90 cents per share.
NRG Energy, Inc. Price, Consensus and EPS Surprise
Revenue: The Company missed the revenue estimates. NRG Energy posted revenues of $2,819 million in the quarter, compared to our consensus estimate of $3,096 million.
Stock Price: It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on this NRG Energy earnings report!
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NRG Energy (NRG) Posts Q4 Earnings, Revenues Miss Estimates
Princeton, NJ-headquartered NRG Energy Inc. (NRG - Free Report) is engaged in the production, sale and delivery of energy and energy products and services to residential, industrial and commercial consumers in major competitive power markets in the U.S.
NRG Energy is focused on expanding its renewable portfolio and announced its move to reintegrate the renewables business into the NRG Energy platform. The company with its renewable asset addition program is well poised to benefit from the extension of the Investment Tax Credit (ITC) for solar and Production Tax Credit (PTC) for wind.
Estimate Trend & Surprise History
Investors should note that the fourth quarter Zacks Consensus Estimate stands at a loss of 10 cents, narrowed from a loss of 51 cents over the last 60 days.
Coming to the earnings surprise, NRG Energy has surpassed the Zacks Consensus Estimate in three of the last four quarters, resulting in a positive average surprise of 22.58%.
Zacks Rank: Currently, NRG Energy has a Zacks Rank#3 (Hold) but that could change following its fourth quarter 2016 earnings report which has just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key details from the just-released announcement below:
Earnings: NRG Energy’s earnings per share surpassed our expectation. Our consensus called for a loss of 10 cents, and the company reported adjusted earnings of 90 cents per share.
NRG Energy, Inc. Price, Consensus and EPS Surprise
NRG Energy, Inc. Price, Consensus and EPS Surprise | NRG Energy, Inc. Quote
Revenue: The Company missed the revenue estimates. NRG Energy posted revenues of $2,819 million in the quarter, compared to our consensus estimate of $3,096 million.
Stock Price: It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on this NRG Energy earnings report!
A Full-Blown Technological Breakthrough in the Making
Zacks’ Aggressive Growth Strategist Brian Bolan explores autonomous cars in our latest Special Report, Driverless Cars: Your Roadmap to Mega-Profits Today. In addition to who will be selling them and how the auto industry will be impacted, Brian reveals 8 stocks with tremendous gain potential to feed off this phenomenon. Click to see the stocks right now >>