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NextEra Energy (NEE) Stock Sinks As Market Gains: What You Should Know
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NextEra Energy (NEE - Free Report) closed at $177.75 in the latest trading session, marking a -0.69% move from the prior day. This change lagged the S&P 500's daily gain of 0.09%. Elsewhere, the Dow gained 0.26%, while the tech-heavy Nasdaq lost 0.25%.
Prior to today's trading, shares of the parent company of Florida Power & Light Co. Had gained 5.65% over the past month. This has lagged the Utilities sector's gain of 5.89% and the S&P 500's gain of 7.92% in that time.
Wall Street will be looking for positivity from NEE as it approaches its next earnings report date. This is expected to be April 23, 2019. On that day, NEE is projected to report earnings of $1.92 per share, which would represent a year-over-year decline of 1.03%. Meanwhile, our latest consensus estimate is calling for revenue of $4.12 billion, up 6.65% from the prior-year quarter.
NEE's full-year Zacks Consensus Estimates are calling for earnings of $8.40 per share and revenue of $18.38 billion. These results would represent year-over-year changes of +9.09% and +9.8%, respectively.
Investors might also notice recent changes to analyst estimates for NEE. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.41% higher. NEE is holding a Zacks Rank of #2 (Buy) right now.
Looking at its valuation, NEE is holding a Forward P/E ratio of 21.31. Its industry sports an average Forward P/E of 18.54, so we one might conclude that NEE is trading at a premium comparatively.
Investors should also note that NEE has a PEG ratio of 2.75 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Utility - Electric Power industry currently had an average PEG ratio of 3.33 as of yesterday's close.
The Utility - Electric Power industry is part of the Utilities sector. This industry currently has a Zacks Industry Rank of 50, which puts it in the top 20% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow NEE in the coming trading sessions, be sure to utilize Zacks.com.
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NextEra Energy (NEE) Stock Sinks As Market Gains: What You Should Know
NextEra Energy (NEE - Free Report) closed at $177.75 in the latest trading session, marking a -0.69% move from the prior day. This change lagged the S&P 500's daily gain of 0.09%. Elsewhere, the Dow gained 0.26%, while the tech-heavy Nasdaq lost 0.25%.
Prior to today's trading, shares of the parent company of Florida Power & Light Co. Had gained 5.65% over the past month. This has lagged the Utilities sector's gain of 5.89% and the S&P 500's gain of 7.92% in that time.
Wall Street will be looking for positivity from NEE as it approaches its next earnings report date. This is expected to be April 23, 2019. On that day, NEE is projected to report earnings of $1.92 per share, which would represent a year-over-year decline of 1.03%. Meanwhile, our latest consensus estimate is calling for revenue of $4.12 billion, up 6.65% from the prior-year quarter.
NEE's full-year Zacks Consensus Estimates are calling for earnings of $8.40 per share and revenue of $18.38 billion. These results would represent year-over-year changes of +9.09% and +9.8%, respectively.
Investors might also notice recent changes to analyst estimates for NEE. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.41% higher. NEE is holding a Zacks Rank of #2 (Buy) right now.
Looking at its valuation, NEE is holding a Forward P/E ratio of 21.31. Its industry sports an average Forward P/E of 18.54, so we one might conclude that NEE is trading at a premium comparatively.
Investors should also note that NEE has a PEG ratio of 2.75 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Utility - Electric Power industry currently had an average PEG ratio of 3.33 as of yesterday's close.
The Utility - Electric Power industry is part of the Utilities sector. This industry currently has a Zacks Industry Rank of 50, which puts it in the top 20% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow NEE in the coming trading sessions, be sure to utilize Zacks.com.