NRG Energy, Inc. (NRG - Free Report) is scheduled to release third-quarter 2021 results on Nov 4, before market open. The company witnessed a negative earnings surprise of 50.21% in the last reported quarter.
Let’s discuss the factors that are likely to get reflected in the upcoming quarterly results.
Factors to Consider
Solid demand from the residential players and improving demand from the Commercial and Industrial group are likely to aid NRG Energy's upcoming results. Earnings in the to-be-reported quarter are expected to have benefited from synergies created by the Direct Energy acquisition, which was completed earlier in January this year. The debts reduced by the company might have lowered its debt-servicing costs, thereby boosting its third-quarter performance.
Expectation
The Zacks Consensus Estimate for third-quarter earnings per share is pegged at $4.29, indicating a 320.59% rise from the year-ago quarter’s reported figure.
What Our Quantitative Model Suggests
Our proven model doesn’t conclusively predict an earnings beat for NRG Energy this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat, which is not the case here as you will see below. You can see the complete list of today’s Zacks #1 Rank stocks here.
Earnings ESP: NRG Energy has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Currently, NRG Energy carries a Zacks Rank #3.
Stocks to Consider
Investors can consider the following players from the same industry that have the right combination of elements to beat on earnings this reporting cycle.
Edison International (EIX - Free Report) is set to release third-quarter 2021 results on Nov 2. It has an Earnings ESP of +1.49% and a Zacks Rank #3 at present.
Brookfield Infrastructure Partners (BIP - Free Report) is set to release third-quarter 2021 results on Nov 3. It has an Earnings ESP of +0.57% and a Zacks Rank #2, currently.
Pinnacle West Capital Corporation (PNW - Free Report) is set to release third-quarter 2021 results on Nov 5. It has an Earnings ESP of +0.30% and a Zacks Rank of 3, currently.
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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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NRG Energy, Inc. (NRG - Free Report) is scheduled to release third-quarter 2021 results on Nov 4, before market open. The company witnessed a negative earnings surprise of 50.21% in the last reported quarter.
Let’s discuss the factors that are likely to get reflected in the upcoming quarterly results.
Factors to Consider
Solid demand from the residential players and improving demand from the Commercial and Industrial group are likely to aid NRG Energy's upcoming results. Earnings in the to-be-reported quarter are expected to have benefited from synergies created by the Direct Energy acquisition, which was completed earlier in January this year. The debts reduced by the company might have lowered its debt-servicing costs, thereby boosting its third-quarter performance.
Expectation
The Zacks Consensus Estimate for third-quarter earnings per share is pegged at $4.29, indicating a 320.59% rise from the year-ago quarter’s reported figure.
What Our Quantitative Model Suggests
Our proven model doesn’t conclusively predict an earnings beat for NRG Energy this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat, which is not the case here as you will see below. You can see the complete list of today’s Zacks #1 Rank stocks here.
Earnings ESP: NRG Energy has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Currently, NRG Energy carries a Zacks Rank #3.
Stocks to Consider
Investors can consider the following players from the same industry that have the right combination of elements to beat on earnings this reporting cycle.
Edison International (EIX - Free Report) is set to release third-quarter 2021 results on Nov 2. It has an Earnings ESP of +1.49% and a Zacks Rank #3 at present.
Brookfield Infrastructure Partners (BIP - Free Report) is set to release third-quarter 2021 results on Nov 3. It has an Earnings ESP of +0.57% and a Zacks Rank #2, currently.
Pinnacle West Capital Corporation (PNW - Free Report) is set to release third-quarter 2021 results on Nov 5. It has an Earnings ESP of +0.30% and a Zacks Rank of 3, currently.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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