We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
NextEra Energy Partners' (NEP) Q3 Earnings: What's in Offer?
Read MoreHide Full Article
NextEra Energy Partners, LP (NEP - Free Report) is scheduled to release third-quarter 2021 earnings on Oct 20, before market open. The partnership delivered a negative earnings surprise of 244.8% in the last-reported quarter.
Let’s focus on the factors that might have impacted the firm’s earnings in the September quarter.
Factors to Consider
NextEra Energy Partners’ access to new renewable assets from third parties and Energy Resources is expected to have acted as a tailwind for its third-quarter performance. The firm is likely to have benefited from its low-cost convertible equity products, which continue to lower its cost of capital.
The firm’s strong control over wind and solar assets' operating and maintenance expenses is expected to benefit results in the third quarter.
Expectation
The Zacks Consensus Estimate for third-quarter earnings and revenues is pegged at 58 cents per unit and $342.34 million, respectively. The projected revenues indicate a rise of 42.6%, while earnings per share suggest a decline of 28.7% from the year-ago reported number.
What Our Quantitative Model Predicts
Our proven model does not predict an earnings beat for NextEra Energy Partners this time around. A stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) to surpass estimates. You can see the complete list of today’s Zacks #1 Rank stocks here.
NextEra Energy Partners, LP Price and EPS Surprise
Earnings ESP: NextEra Energy Partners has an Earnings ESP of -10.82%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Currently, NextEra Energy Partners has a Zacks Rank #3.
Stocks to Consider
You can consider some other stocks from the sector that have the right combination of elements to deliver an earnings beat this season.
TotalEnergies SE (TTE - Free Report) is set to release third-quarter 2021 results on Oct 28. It has an Earnings ESP of +1.72% and a Zacks Rank of 2.
Ormat Technologies, Inc. (ORA - Free Report) is set to release third-quarter 2021 results on Nov 3. It has an Earnings ESP of +76.47% and a Zacks Rank of 2.
Occidental Petroleum Corporation (OXY - Free Report) is set to release third-quarter 2021 results on Nov 4. It has an Earnings ESP of +6.06% and a Zacks Rank of 2.
Unique Zacks Analysis of Your Chosen Ticker
Pick one free report - opportunity may be withdrawn at any time
Image: Bigstock
NextEra Energy Partners' (NEP) Q3 Earnings: What's in Offer?
NextEra Energy Partners, LP (NEP - Free Report) is scheduled to release third-quarter 2021 earnings on Oct 20, before market open. The partnership delivered a negative earnings surprise of 244.8% in the last-reported quarter.
Let’s focus on the factors that might have impacted the firm’s earnings in the September quarter.
Factors to Consider
NextEra Energy Partners’ access to new renewable assets from third parties and Energy Resources is expected to have acted as a tailwind for its third-quarter performance. The firm is likely to have benefited from its low-cost convertible equity products, which continue to lower its cost of capital.
The firm’s strong control over wind and solar assets' operating and maintenance expenses is expected to benefit results in the third quarter.
Expectation
The Zacks Consensus Estimate for third-quarter earnings and revenues is pegged at 58 cents per unit and $342.34 million, respectively. The projected revenues indicate a rise of 42.6%, while earnings per share suggest a decline of 28.7% from the year-ago reported number.
What Our Quantitative Model Predicts
Our proven model does not predict an earnings beat for NextEra Energy Partners this time around. A stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) to surpass estimates. You can see the complete list of today’s Zacks #1 Rank stocks here.
NextEra Energy Partners, LP Price and EPS Surprise
NextEra Energy Partners, LP price-eps-surprise | NextEra Energy Partners, LP Quote
Earnings ESP: NextEra Energy Partners has an Earnings ESP of -10.82%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Currently, NextEra Energy Partners has a Zacks Rank #3.
Stocks to Consider
You can consider some other stocks from the sector that have the right combination of elements to deliver an earnings beat this season.
TotalEnergies SE (TTE - Free Report) is set to release third-quarter 2021 results on Oct 28. It has an Earnings ESP of +1.72% and a Zacks Rank of 2.
Ormat Technologies, Inc. (ORA - Free Report) is set to release third-quarter 2021 results on Nov 3. It has an Earnings ESP of +76.47% and a Zacks Rank of 2.
Occidental Petroleum Corporation (OXY - Free Report) is set to release third-quarter 2021 results on Nov 4. It has an Earnings ESP of +6.06% and a Zacks Rank of 2.