Juno Beach, FL-based NextEra Energy Inc. (NEE - Free Report) is a public utility holding company engaged in the generation, transmission, distribution, and sale of electric energy.
To provide reliable services to its customers, NextEra Energy continues to expand its scale of operations and utilize modern technologies, primarily at its FPL utility. The company’s focus on expanding its renewable fleet is impressive and should help it meet regulatory mandates on carbon emission.
However, stringent regulations, volatile commodity prices, erratic weather pattern and operational hazards pose major threats to the company.
Estimate Trend & Surprise History
Investors should note that the second quarter 2016 Zacks Consensus Estimate for earnings of $1.58 per share has increased by 1.3% the last 90 days.
Coming to the earnings surprise, NextEra Energy has surpassed the Zacks Consensus Estimate in three out of the last four quarters, resulting in a positive average surprise of 4.82%.
Zacks Rank: Currently, NextEra Energy has a Zacks Rank #4 (Sell) but that could change following its second quarter 2016 earnings report which has just released. We have highlighted some of the key details from the just-released announcement below:
Earnings: NextEra Energy’s earnings surpassed expectations. While our consensus called for second-quarter EPS of $1.58, the company reported an EPS of $1.67.
Revenue: NextEra Energy missed the revenue estimates in the second quarter. The company posted revenues of $3,817 million in the second quarter, compared to our consensus estimate of $4,459 million.
Key Stats: During second quarter 2016, NextEra Energy's subsidary Florida Power & Light Company (“FPL”) served 65,000 more customers than the comparable last year quarter.
Stock Price: It would be interesting to see how the market reacts to the positive earnings surprise during the trading session today.
Check back later for our full write up on this NEE earnings report later!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
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 >>
Juno Beach, FL-based NextEra Energy Inc. (NEE - Free Report) is a public utility holding company engaged in the generation, transmission, distribution, and sale of electric energy.
To provide reliable services to its customers, NextEra Energy continues to expand its scale of operations and utilize modern technologies, primarily at its FPL utility. The company’s focus on expanding its renewable fleet is impressive and should help it meet regulatory mandates on carbon emission.
However, stringent regulations, volatile commodity prices, erratic weather pattern and operational hazards pose major threats to the company.
Estimate Trend & Surprise History
Investors should note that the second quarter 2016 Zacks Consensus Estimate for earnings of $1.58 per share has increased by 1.3% the last 90 days.
Coming to the earnings surprise, NextEra Energy has surpassed the Zacks Consensus Estimate in three out of the last four quarters, resulting in a positive average surprise of 4.82%.
Zacks Rank: Currently, NextEra Energy has a Zacks Rank #4 (Sell) but that could change following its second quarter 2016 earnings report which has just released. We have highlighted some of the key details from the just-released announcement below:
Earnings: NextEra Energy’s earnings surpassed expectations. While our consensus called for second-quarter EPS of $1.58, the company reported an EPS of $1.67.
Revenue: NextEra Energy missed the revenue estimates in the second quarter. The company posted revenues of $3,817 million in the second quarter, compared to our consensus estimate of $4,459 million.
Key Stats: During second quarter 2016, NextEra Energy's subsidary Florida Power & Light Company (“FPL”) served 65,000 more customers than the comparable last year quarter.
Stock Price: It would be interesting to see how the market reacts to the positive earnings surprise during the trading session today.
Check back later for our full write up on this NEE earnings report later!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
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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