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What's in the Cards for NRG Energy's (NRG) Q1 Earnings?
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NRG Energy, Inc. (NRG - Free Report) is scheduled to release first-quarter 2021 results on May 6, before market open. The company delivered a negative earnings surprise of 243.24% in the last reported quarter.
Let’s discuss the factors that are likely to get reflected in the upcoming quarterly results.
Factors to Consider
With the vaccine rollout and economic operations returning to normalcy, the utility’s first-quarter results are likely to reflect improving demand from the Commercial and Industrial group as well as a steady uptrend in the residential space. The utility’s upcoming results are expected to benefit from the synergies of the Direct Energy acquisition, which was completed this January.
Even though the utility made various efforts to brace up for the Winter Storm Uri, the extreme temperatures caused power outages, affecting its operations in Texas and are likely to weigh on its performance.
Q1 Expectations
The Zacks Consensus Estimate for first-quarter earnings per share is pegged at $1.64, indicating a 198.18% rise from the year-ago quarter’s reported figure.
What Our Quantitative Model Suggests
Our proven model doesn’t 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. But that 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 -45.12%. 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 #4 (Sell).
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.
Consolidated Edison Inc (ED - Free Report) is set to release first-quarter 2021 results on May 6. It has an Earnings ESP of +0.06% and a Zacks Rank of 3, presently.
CenterPoint Energy, Inc. (CNP - Free Report) is set to release first-quarter 2021 results on May 6. It has an Earnings ESP of +4.52% and a Zacks Rank of 3, presently.
Duke Energy Corporation (DUK - Free Report) is set to release first-quarter 2021 results on May 10. It has an Earnings ESP of +0.16% and is currently a #3 Ranked player.
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What's in the Cards for NRG Energy's (NRG) Q1 Earnings?
NRG Energy, Inc. (NRG - Free Report) is scheduled to release first-quarter 2021 results on May 6, before market open. The company delivered a negative earnings surprise of 243.24% in the last reported quarter.
Let’s discuss the factors that are likely to get reflected in the upcoming quarterly results.
Factors to Consider
With the vaccine rollout and economic operations returning to normalcy, the utility’s first-quarter results are likely to reflect improving demand from the Commercial and Industrial group as well as a steady uptrend in the residential space. The utility’s upcoming results are expected to benefit from the synergies of the Direct Energy acquisition, which was completed this January.
Even though the utility made various efforts to brace up for the Winter Storm Uri, the extreme temperatures caused power outages, affecting its operations in Texas and are likely to weigh on its performance.
Q1 Expectations
The Zacks Consensus Estimate for first-quarter earnings per share is pegged at $1.64, indicating a 198.18% rise from the year-ago quarter’s reported figure.
What Our Quantitative Model Suggests
Our proven model doesn’t 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. But that is not the case here as you will see below. You can see the complete list of today’s Zacks #1 Rank stocks here.
NRG Energy, Inc. Price and EPS Surprise
NRG Energy, Inc. price-eps-surprise | NRG Energy, Inc. Quote
Earnings ESP: NRG Energy has an Earnings ESP of -45.12%. 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 #4 (Sell).
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.
Consolidated Edison Inc (ED - Free Report) is set to release first-quarter 2021 results on May 6. It has an Earnings ESP of +0.06% and a Zacks Rank of 3, presently.
CenterPoint Energy, Inc. (CNP - Free Report) is set to release first-quarter 2021 results on May 6. It has an Earnings ESP of +4.52% and a Zacks Rank of 3, presently.
Duke Energy Corporation (DUK - Free Report) is set to release first-quarter 2021 results on May 10. It has an Earnings ESP of +0.16% and is currently a #3 Ranked player.
Breakout Biotech Stocks with Triple-Digit Profit Potential
The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.
Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +50%, +83% and +164% in as little as 2 months. The stocks in this report could perform even better.
See these 7 breakthrough stocks now>>