NRG Energy (NRG - Free Report) closed at $34.08 in the latest trading session, marking a +0.38% move from the prior day. This change outpaced the S&P 500's 0.12% gain on the day. Elsewhere, the Dow gained 0.13%, while the tech-heavy Nasdaq lost 4.09%.
Prior to today's trading, shares of the power company had gained 9.38% over the past month. This has outpaced the Utilities sector's loss of 2.53% and the S&P 500's gain of 3.98% in that time.
Investors will be hoping for strength from NRG Energy as it approaches its next earnings release. The company is expected to report EPS of $1.34, up 306.06% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $4.57 billion, down 37.25% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $4.55 per share and revenue of $25.54 billion, which would represent changes of +73.66% and -19.03%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for NRG Energy. These revisions help to show the ever-changing nature of near-term business trends. 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. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. Within the past 30 days, our consensus EPS projection has moved 9.28% lower. NRG Energy is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, NRG Energy is holding a Forward P/E ratio of 7.47. Its industry sports an average Forward P/E of 16.88, so we one might conclude that NRG Energy is trading at a discount comparatively.
The Utility - Electric Power industry is part of the Utilities sector. This group has a Zacks Industry Rank of 60, putting it in the top 24% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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NRG Energy (NRG - Free Report) closed at $34.08 in the latest trading session, marking a +0.38% move from the prior day. This change outpaced the S&P 500's 0.12% gain on the day. Elsewhere, the Dow gained 0.13%, while the tech-heavy Nasdaq lost 4.09%.
Prior to today's trading, shares of the power company had gained 9.38% over the past month. This has outpaced the Utilities sector's loss of 2.53% and the S&P 500's gain of 3.98% in that time.
Investors will be hoping for strength from NRG Energy as it approaches its next earnings release. The company is expected to report EPS of $1.34, up 306.06% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $4.57 billion, down 37.25% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $4.55 per share and revenue of $25.54 billion, which would represent changes of +73.66% and -19.03%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for NRG Energy. These revisions help to show the ever-changing nature of near-term business trends. 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. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. Within the past 30 days, our consensus EPS projection has moved 9.28% lower. NRG Energy is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, NRG Energy is holding a Forward P/E ratio of 7.47. Its industry sports an average Forward P/E of 16.88, so we one might conclude that NRG Energy is trading at a discount comparatively.
The Utility - Electric Power industry is part of the Utilities sector. This group has a Zacks Industry Rank of 60, putting it in the top 24% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
4 Oil Stocks with Massive Upsides
Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
Zacks Investment Research has just released an urgent special report to help you bank on this trend.
In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations.
Download your free report now to see them.
Get the latest research report on NRG - FREE