NextEra Energy, Inc. (NEE - Free Report) reported second-quarter 2019 adjusted earnings of $2.35 per share, beating the Zacks Consensus Estimate of $2.28 by 3.1%. Moreover, the reported earnings were up 12.9% on a year-over-year basis.
The earnings growth was attributed to solid contribution from all business segments.
On a GAAP basis, NextEra recorded earnings of $2.56 per share, up 59% from $1.61 reported in the year-ago quarter.
Total Revenues
In the second quarter, NextEra’s operating revenues were $4,970 million, surpassing the Zacks Consensus Estimate of $4,761 million by 4.4%. In addition, the reported revenues were up 22.3% year over year.
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NextEra Energy, Inc. (NEE - Free Report) reported second-quarter 2019 adjusted earnings of $2.35 per share, beating the Zacks Consensus Estimate of $2.28 by 3.1%. Moreover, the reported earnings were up 12.9% on a year-over-year basis.
The earnings growth was attributed to solid contribution from all business segments.
On a GAAP basis, NextEra recorded earnings of $2.56 per share, up 59% from $1.61 reported in the year-ago quarter.
Total Revenues
In the second quarter, NextEra’s operating revenues were $4,970 million, surpassing the Zacks Consensus Estimate of $4,761 million by 4.4%. In addition, the reported revenues were up 22.3% year over year.
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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