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 (NEE) Beats on Q3 Earnings and Revenue
Read MoreHide Full Article
Juno Beach, FL-based NextEra Energy Inc. (NEE - Free Report) is a public utility holding company engaged in the generation, transmission, distribution, and sale of electric energy.
To provide reliable services to its customers, NextEra Energy continues to expand its scale of operations and utilize modern technologies, primarily at its FPL utility. The company’s focus on expanding its renewable fleet is impressive and should help it meet regulatory mandates on carbon emission.
However, stringent regulations, volatile commodity prices, erratic weather pattern and operational hazards pose major threats to the company.
Estimate Trend & Surprise History
Investors should note that the third quarter 2016 Zacks Consensus Estimate for earnings of $1.65 per share has increased by 1.9% the last 30 days.
Coming to the earnings surprise, NextEra Energy has surpassed the Zacks Consensus Estimate in three out of the last four quarters, resulting in a positive average surprise of 5.25%.
We have highlighted some of the key details from the just-released announcement below:
Earnings: NextEra Energy’s earnings surpassed expectations. While our consensus called for third-quarter EPS of $1.65, the company reported an EPS of $1.74.
Revenue: NextEra Energy topped the revenue estimates in the third quarter. The company posted revenues of $4,805 million in the third quarter, compared to our consensus estimate of $4,704 million.
Key Stats: During the third quarter 2016, NextEra Energy's subsidary Florida Power & Light Company (“FPL”) served 67,000 more customers than the comparable last year quarter.
Stock Price: It would be interesting to see how the market reacts to the positive earnings surprise during the trading session today.
Check back later for our full write up on this NEE earnings report later!
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
NextEra Energy (NEE) Beats on Q3 Earnings and Revenue
Juno Beach, FL-based NextEra Energy Inc. (NEE - Free Report) is a public utility holding company engaged in the generation, transmission, distribution, and sale of electric energy.
To provide reliable services to its customers, NextEra Energy continues to expand its scale of operations and utilize modern technologies, primarily at its FPL utility. The company’s focus on expanding its renewable fleet is impressive and should help it meet regulatory mandates on carbon emission.
However, stringent regulations, volatile commodity prices, erratic weather pattern and operational hazards pose major threats to the company.
Estimate Trend & Surprise History
Investors should note that the third quarter 2016 Zacks Consensus Estimate for earnings of $1.65 per share has increased by 1.9% the last 30 days.
Coming to the earnings surprise, NextEra Energy has surpassed the Zacks Consensus Estimate in three out of the last four quarters, resulting in a positive average surprise of 5.25%.
NEXTERA ENERGY Price and EPS Surprise
NEXTERA ENERGY Price and EPS Surprise | NEXTERA ENERGY Quote
Zacks Rank: Currently, NextEra Energy has a Zacks Rank #3 (Hold) but that could change following its third quarter 2016 earnings report which has just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here
We have highlighted some of the key details from the just-released announcement below:
Earnings: NextEra Energy’s earnings surpassed expectations. While our consensus called for third-quarter EPS of $1.65, the company reported an EPS of $1.74.
Revenue: NextEra Energy topped the revenue estimates in the third quarter. The company posted revenues of $4,805 million in the third quarter, compared to our consensus estimate of $4,704 million.
Key Stats: During the third quarter 2016, NextEra Energy's subsidary Florida Power & Light Company (“FPL”) served 67,000 more customers than the comparable last year quarter.
Stock Price: It would be interesting to see how the market reacts to the positive earnings surprise during the trading session today.
Check back later for our full write up on this NEE earnings report later!
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>