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NextEra Energy (NEE) Stock Moves -1.09%: What You Should Know
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NextEra Energy (NEE - Free Report) closed the most recent trading day at $82.60, moving -1.09% from the previous trading session. This change was narrower than the S&P 500's 1.89% loss on the day. Elsewhere, the Dow lost 1.3%, while the tech-heavy Nasdaq lost 0.17%.
Coming into today, shares of the parent company of Florida Power & Light Co. Had lost 7.93% in the past month. In that same time, the Utilities sector lost 0.18%, while the S&P 500 lost 1.79%.
Investors will be hoping for strength from NextEra Energy as it approaches its next earnings release, which is expected to be January 25, 2022. On that day, NextEra Energy is projected to report earnings of $0.40 per share, which would represent no growth from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $5.48 billion, up 24.61% from the year-ago period.
Investors should also note any recent changes to analyst estimates for NextEra Energy. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.1% lower. NextEra Energy is currently a Zacks Rank #3 (Hold).
Investors should also note NextEra Energy's current valuation metrics, including its Forward P/E ratio of 30.33. This valuation marks a premium compared to its industry's average Forward P/E of 18.12.
It is also worth noting that NEE currently has a PEG ratio of 3.39. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Utility - Electric Power stocks are, on average, holding a PEG ratio of 3.38 based on yesterday's closing prices.
The Utility - Electric Power industry is part of the Utilities sector. This group has a Zacks Industry Rank of 152, putting it in the bottom 41% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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NextEra Energy (NEE) Stock Moves -1.09%: What You Should Know
NextEra Energy (NEE - Free Report) closed the most recent trading day at $82.60, moving -1.09% from the previous trading session. This change was narrower than the S&P 500's 1.89% loss on the day. Elsewhere, the Dow lost 1.3%, while the tech-heavy Nasdaq lost 0.17%.
Coming into today, shares of the parent company of Florida Power & Light Co. Had lost 7.93% in the past month. In that same time, the Utilities sector lost 0.18%, while the S&P 500 lost 1.79%.
Investors will be hoping for strength from NextEra Energy as it approaches its next earnings release, which is expected to be January 25, 2022. On that day, NextEra Energy is projected to report earnings of $0.40 per share, which would represent no growth from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $5.48 billion, up 24.61% from the year-ago period.
Investors should also note any recent changes to analyst estimates for NextEra Energy. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.1% lower. NextEra Energy is currently a Zacks Rank #3 (Hold).
Investors should also note NextEra Energy's current valuation metrics, including its Forward P/E ratio of 30.33. This valuation marks a premium compared to its industry's average Forward P/E of 18.12.
It is also worth noting that NEE currently has a PEG ratio of 3.39. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Utility - Electric Power stocks are, on average, holding a PEG ratio of 3.38 based on yesterday's closing prices.
The Utility - Electric Power industry is part of the Utilities sector. This group has a Zacks Industry Rank of 152, putting it in the bottom 41% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.