We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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 (NEE) Declines More Than Market: Some Information for Investors
Read MoreHide Full Article
In the latest trading session, NextEra Energy (NEE - Free Report) closed at $76.68, marking a -1.1% move from the previous day. The stock's change was less than the S&P 500's daily loss of 0.74%. Elsewhere, the Dow saw a downswing of 1.06%, while the tech-heavy Nasdaq depreciated by 0.58%.
The the stock of parent company of Florida Power & Light Co. Has risen by 15.77% in the past month, leading the Utilities sector's gain of 4.5% and the S&P 500's gain of 4.27%.
The upcoming earnings release of NextEra Energy will be of great interest to investors. It is anticipated that the company will report an EPS of $0.91, marking a 3.41% rise compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $7.19 billion, down 2.21% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $3.40 per share and revenue of $29.03 billion. These totals would mark changes of +7.26% and +3.26%, respectively, from last year.
Any recent changes to analyst estimates for NextEra Energy should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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. Over the past month, the Zacks Consensus EPS estimate has remained steady. NextEra Energy is currently a Zacks Rank #4 (Sell).
Looking at its valuation, NextEra Energy is holding a Forward P/E ratio of 22.82. This expresses a premium compared to the average Forward P/E of 15.16 of its industry.
It is also worth noting that NEE currently has a PEG ratio of 2.84. 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. The Utility - Electric Power industry had an average PEG ratio of 2.63 as trading concluded yesterday.
The Utility - Electric Power industry is part of the Utilities sector. Currently, this industry holds a Zacks Industry Rank of 91, positioning it in the top 37% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
NextEra Energy (NEE) Declines More Than Market: Some Information for Investors
In the latest trading session, NextEra Energy (NEE - Free Report) closed at $76.68, marking a -1.1% move from the previous day. The stock's change was less than the S&P 500's daily loss of 0.74%. Elsewhere, the Dow saw a downswing of 1.06%, while the tech-heavy Nasdaq depreciated by 0.58%.
The the stock of parent company of Florida Power & Light Co. Has risen by 15.77% in the past month, leading the Utilities sector's gain of 4.5% and the S&P 500's gain of 4.27%.
The upcoming earnings release of NextEra Energy will be of great interest to investors. It is anticipated that the company will report an EPS of $0.91, marking a 3.41% rise compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $7.19 billion, down 2.21% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $3.40 per share and revenue of $29.03 billion. These totals would mark changes of +7.26% and +3.26%, respectively, from last year.
Any recent changes to analyst estimates for NextEra Energy should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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. Over the past month, the Zacks Consensus EPS estimate has remained steady. NextEra Energy is currently a Zacks Rank #4 (Sell).
Looking at its valuation, NextEra Energy is holding a Forward P/E ratio of 22.82. This expresses a premium compared to the average Forward P/E of 15.16 of its industry.
It is also worth noting that NEE currently has a PEG ratio of 2.84. 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. The Utility - Electric Power industry had an average PEG ratio of 2.63 as trading concluded yesterday.
The Utility - Electric Power industry is part of the Utilities sector. Currently, this industry holds a Zacks Industry Rank of 91, positioning it in the top 37% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.