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NextEra Energy (NEE) Outpaces Stock Market Gains: What You Should Know
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NextEra Energy (NEE - Free Report) closed the most recent trading day at $79.57, moving +0.58% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.36%. Elsewhere, the Dow gained 0.23%, while the tech-heavy Nasdaq lost 0.1%.
Heading into today, shares of the parent company of Florida Power & Light Co. Had lost 0.84% over the past month, outpacing the Utilities sector's loss of 10.89% and the S&P 500's loss of 6.59% in that time.
Investors will be hoping for strength from NextEra Energy as it approaches its next earnings release. On that day, NextEra Energy is projected to report earnings of $0.75 per share, which would represent year-over-year growth of 5.63%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $5.67 billion, up 44.47% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.84 per share and revenue of $20.45 billion. These totals would mark changes of +11.37% and +19.82%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for NextEra Energy. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 1.07% higher within the past month. NextEra Energy is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, NextEra Energy is currently trading at a Forward P/E ratio of 27.82. For comparison, its industry has an average Forward P/E of 18.58, which means NextEra Energy is trading at a premium to the group.
Meanwhile, NEE's PEG ratio is currently 3.03. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Utility - Electric Power was holding an average PEG ratio of 3.15 at yesterday's closing price.
The Utility - Electric Power industry is part of the Utilities sector. This group has a Zacks Industry Rank of 87, putting it in the top 35% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
View the Zacks #1 Rank List
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NextEra Energy (NEE) Outpaces Stock Market Gains: What You Should Know
NextEra Energy (NEE - Free Report) closed the most recent trading day at $79.57, moving +0.58% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.36%. Elsewhere, the Dow gained 0.23%, while the tech-heavy Nasdaq lost 0.1%.
Heading into today, shares of the parent company of Florida Power & Light Co. Had lost 0.84% over the past month, outpacing the Utilities sector's loss of 10.89% and the S&P 500's loss of 6.59% in that time.
Investors will be hoping for strength from NextEra Energy as it approaches its next earnings release. On that day, NextEra Energy is projected to report earnings of $0.75 per share, which would represent year-over-year growth of 5.63%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $5.67 billion, up 44.47% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.84 per share and revenue of $20.45 billion. These totals would mark changes of +11.37% and +19.82%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for NextEra Energy. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 1.07% higher within the past month. NextEra Energy is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, NextEra Energy is currently trading at a Forward P/E ratio of 27.82. For comparison, its industry has an average Forward P/E of 18.58, which means NextEra Energy is trading at a premium to the group.
Meanwhile, NEE's PEG ratio is currently 3.03. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Utility - Electric Power was holding an average PEG ratio of 3.15 at yesterday's closing price.
The Utility - Electric Power industry is part of the Utilities sector. This group has a Zacks Industry Rank of 87, putting it in the top 35% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.