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NRG Energy (NRG) Gears Up for Q2 Earnings: What's in Store?

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NRG Energy, Inc. (NRG - Free Report) is scheduled to release second-quarter 2021 results on Aug 5, before market open. The company witnessed a negative earnings surprise of 48.78% 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 economic operations returning to normalcy, the utility is likely to have witnessed improving demand from the Commercial and Industrial group as well as a gradual increase in the residential space. Synergies from the Direct Energy acquisition, completed in January this year, are likely to boost the upcoming results.

Expectation

The Zacks Consensus Estimate for second-quarter earnings per share is pegged at $2.70, indicating a 112.60% rise from the year-ago quarter’s reported figure.

What Our Quantitative Model Suggests

Our proven model predicts 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 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 and EPS Surprise

NRG Energy, Inc. price-eps-surprise | NRG Energy, Inc. Quote

 

Earnings ESP: NRG Energy has an Earnings ESP of +32.84%. 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.

 

Other Stocks to Consider

Here are some other companies worth considering from the same industry, which according to our model, have the right combination of elements to beat on earnings in the upcoming releases.

CenterPoint Energy, Inc. (CNP - Free Report) is set to release second-quarter 2021 results on Aug 5. It has an Earnings ESP of +0.68% and a Zacks Rank of 3, currently.

Duke Energy (DUK - Free Report) is set to release second-quarter 2021 results on Aug 5. It has an Earnings ESP of +0.15% and a Zacks Rank #2 at present.

Consolidated Edison Inc (ED - Free Report) is set to release second-quarter 2021 results on Aug 5. It has an Earnings ESP of +1.74% and is presently Zacks #3 Ranked.