We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Can NextEra Energy (NEE) Maintain Earnings Beat Streak in Q4?
Read MoreHide Full Article
NextEra Energy, Inc. (NEE - Free Report) is likely to beat earnings estimates when it reports fourth-quarter 2018 results on Jan 25, before the opening bell. This utility delivered a positive earnings surprise of 0.46% in the last reported quarter.
Moreover, the company reported positive earnings surprise in the last three quarters, with average of 3.79%.
Why a Likely Positive Surprise?
Our proven model shows that NextEra Energy is likely to beat on earnings because it has the right combination of two key ingredients. A stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. You can see the complete list of today’s Zacks #1 Rank stocks here.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Earnings ESP: The company has an Earnings ESP of +0.71% as the Most Accurate Estimate is pegged at $1.53, higher than the Zacks Consensus Estimate of $1.52 per share.
Zacks Rank: NextEra Energy currently carries a Zacks Rank #3. The combination of NextEra Energy’s Zacks Rank #3 and +0.71% ESP makes us quite confident of an earnings beat in the quarter to be reported.
We caution against Sell-rated stocks (#4 or 5) going into the earnings announcement, especially when the company is witnessing negative estimate revisions.
Factors at Play
NextEra Energy’s fourth-quarter earnings are expected to get a boost from the strength in Florida economy. Its consistent expansion of the customer base is also going to have a positive impact on demand and results.
NextEra Energy has plans to invest nearly $40.0-$44.0 billion in different projects over the 2017-2020 period. The company is focused on lowering emissions and adding more renewable assets in its generation portfolio, which will continue to have a positive impact on the bottom line.
NextEra Energy’s high-quality services along with utility bills, which are the lowest in the state, attract more customers and in turn drive performance.
Other Stocks to Consider
In addition to NextEra Energy, investors can also consider the following players from the same industry that also have the right combination of elements to post an earnings beat in the to-be-reported quarter.
American Corporation (AEE - Free Report) is anticipated to release fourth-quarter 2018 results on Feb 15. It has an Earnings ESP of +2.13% and a Zacks Rank #1.
FirstEnergy Corporation (FE - Free Report) is expected to release fourth-quarter 2018 numbers on Feb 19. It has an Earnings ESP of +4.89% and carries a Zacks Rank #2.
Entergy Corporation (ETR - Free Report) is anticipated to release fourth-quarter 2018 results on Feb 22. It has an Earnings ESP of +19.79% and a Zacks Rank #2.
Zacks' Top 10 Stocks for 2019
In addition to the stocks discussed above, wouldn't you like to know about our 10 finest buy-and-holds for the year?
From more than 4,000 companies covered by the Zacks Rank, these 10 were picked by a process that consistently beats the market. Even during 2018 while the market dropped -5.2%, our Top 10s were up well into double-digits. And during bullish 2012 – 2017, they soared far above the market's +126.3%, reaching +181.9%.
This year, the portfolio features a player that thrives on volatility, an AI comer, and a dynamic tech company that helps doctors deliver better patient outcomes at lower costs.
Image: Bigstock
Can NextEra Energy (NEE) Maintain Earnings Beat Streak in Q4?
NextEra Energy, Inc. (NEE - Free Report) is likely to beat earnings estimates when it reports fourth-quarter 2018 results on Jan 25, before the opening bell. This utility delivered a positive earnings surprise of 0.46% in the last reported quarter.
Moreover, the company reported positive earnings surprise in the last three quarters, with average of 3.79%.
Why a Likely Positive Surprise?
Our proven model shows that NextEra Energy is likely to beat on earnings because it has the right combination of two key ingredients. A stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. You can see the complete list of today’s Zacks #1 Rank stocks here.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
NextEra Energy, Inc. Price and EPS Surprise
NextEra Energy, Inc. Price and EPS Surprise | NextEra Energy, Inc. Quote
Earnings ESP: The company has an Earnings ESP of +0.71% as the Most Accurate Estimate is pegged at $1.53, higher than the Zacks Consensus Estimate of $1.52 per share.
Zacks Rank: NextEra Energy currently carries a Zacks Rank #3. The combination of NextEra Energy’s Zacks Rank #3 and +0.71% ESP makes us quite confident of an earnings beat in the quarter to be reported.
We caution against Sell-rated stocks (#4 or 5) going into the earnings announcement, especially when the company is witnessing negative estimate revisions.
Factors at Play
NextEra Energy’s fourth-quarter earnings are expected to get a boost from the strength in Florida economy. Its consistent expansion of the customer base is also going to have a positive impact on demand and results.
NextEra Energy has plans to invest nearly $40.0-$44.0 billion in different projects over the 2017-2020 period. The company is focused on lowering emissions and adding more renewable assets in its generation portfolio, which will continue to have a positive impact on the bottom line.
NextEra Energy’s high-quality services along with utility bills, which are the lowest in the state, attract more customers and in turn drive performance.
Other Stocks to Consider
In addition to NextEra Energy, investors can also consider the following players from the same industry that also have the right combination of elements to post an earnings beat in the to-be-reported quarter.
American Corporation (AEE - Free Report) is anticipated to release fourth-quarter 2018 results on Feb 15. It has an Earnings ESP of +2.13% and a Zacks Rank #1.
FirstEnergy Corporation (FE - Free Report) is expected to release fourth-quarter 2018 numbers on Feb 19. It has an Earnings ESP of +4.89% and carries a Zacks Rank #2.
Entergy Corporation (ETR - Free Report) is anticipated to release fourth-quarter 2018 results on Feb 22. It has an Earnings ESP of +19.79% and a Zacks Rank #2.
Zacks' Top 10 Stocks for 2019
In addition to the stocks discussed above, wouldn't you like to know about our 10 finest buy-and-holds for the year?
From more than 4,000 companies covered by the Zacks Rank, these 10 were picked by a process that consistently beats the market. Even during 2018 while the market dropped -5.2%, our Top 10s were up well into double-digits. And during bullish 2012 – 2017, they soared far above the market's +126.3%, reaching +181.9%.
This year, the portfolio features a player that thrives on volatility, an AI comer, and a dynamic tech company that helps doctors deliver better patient outcomes at lower costs.
See Stocks Today >>