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.
Countdown to NextEra (NEE) Q4 Earnings: A Look at Estimates Beyond Revenue and EPS
Read MoreHide Full Article
In its upcoming report, NextEra Energy (NEE - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.51 per share, reflecting a decline of 1.9% compared to the same period last year. Revenues are forecasted to be $6.52 billion, representing a year-over-year decrease of 5.3%.
Over the last 30 days, there has been an upward revision of 6.6% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
With that in mind, let's delve into the average projections of some NextEra metrics that are commonly tracked and projected by analysts on Wall Street.
According to the collective judgment of analysts, 'Operating Revenues- Florida Power & Light (FPL)' should come in at $4.36 billion. The estimate indicates a year-over-year change of +3.9%.
Analysts forecast 'Operating Revenues- NextEra Energy Resources (NEER)' to reach $2.23 billion. The estimate indicates a change of -16.2% from the prior-year quarter.
Based on the collective assessment of analysts, 'Operating Income (Loss)- Florida Power & Light (FPL)' should arrive at $1.14 billion. Compared to the present estimate, the company reported $1.70 billion in the same quarter last year.
The average prediction of analysts places 'Operating Income (Loss)- NextEra Energy Resources (NEER)' at $599.05 million. Compared to the present estimate, the company reported $1.05 billion in the same quarter last year.
NextEra shares have witnessed a change of -1.3% in the past month, in contrast to the Zacks S&P 500 composite's -0.4% move. With a Zacks Rank #3 (Hold), NEE is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Countdown to NextEra (NEE) Q4 Earnings: A Look at Estimates Beyond Revenue and EPS
In its upcoming report, NextEra Energy (NEE - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.51 per share, reflecting a decline of 1.9% compared to the same period last year. Revenues are forecasted to be $6.52 billion, representing a year-over-year decrease of 5.3%.
Over the last 30 days, there has been an upward revision of 6.6% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
With that in mind, let's delve into the average projections of some NextEra metrics that are commonly tracked and projected by analysts on Wall Street.
According to the collective judgment of analysts, 'Operating Revenues- Florida Power & Light (FPL)' should come in at $4.36 billion. The estimate indicates a year-over-year change of +3.9%.
Analysts forecast 'Operating Revenues- NextEra Energy Resources (NEER)' to reach $2.23 billion. The estimate indicates a change of -16.2% from the prior-year quarter.
Based on the collective assessment of analysts, 'Operating Income (Loss)- Florida Power & Light (FPL)' should arrive at $1.14 billion. Compared to the present estimate, the company reported $1.70 billion in the same quarter last year.
The average prediction of analysts places 'Operating Income (Loss)- NextEra Energy Resources (NEER)' at $599.05 million. Compared to the present estimate, the company reported $1.05 billion in the same quarter last year.
View all Key Company Metrics for NextEra here>>>
NextEra shares have witnessed a change of -1.3% in the past month, in contrast to the Zacks S&P 500 composite's -0.4% move. With a Zacks Rank #3 (Hold), NEE is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>