Back to top

Tale of the Tape

Zacks Equity Research

NextEra Energy (NEE) Beats on Q1 Earnings, Keeps 2017 View

NEE

Trades from $3
Read Full ArticleHide 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 first quarter 2017 Zacks Consensus Estimate for earnings of $1.56 per share has increased by 3.3% the last 60 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 4.32%.

Zacks Rank: Currently, NextEra Energy has a Zacks Rank #3 (Hold) but that could change following its first quarter 2017 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 Zacks Consensus Estimate called for first-quarter EPS of $1.56, the company reported an EPS of $1.75 beating it by 12.2%.

NextEra Energy, Inc. Price and EPS Surprise

 

NextEra Energy, Inc. Price and EPS Surprise | NextEra Energy, Inc. Quote

Revenue: NextEra Energy posted revenues of $3,972 million in the first quarter, higher than Zacks consensus estimate of $3,943 million.

Key Stats: During the first quarter 2017, NextEra Energy's average customer count went up by 1.3% year over year and average price of electricity (cents/kWh) increased by 5.4% year over year.

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 NextEra Energy earnings report later!

Zacks' 2017 IPO Watch List
 
Before looking into the stocks mentioned above, you may want to get a head start on potential tech IPOs that are popping up on Zacks' radar. Imagine being in the first wave of investors to jump on a company with almost unlimited growth potential? This Special Report gives you the current scoop on 5 that may go public at any time.

One has driven from 0 to a $68 billion valuation in 8 years. Four others are a little less obvious but already show jaw-dropping growth. Download this IPO Watch List today for free >>




In-Depth Zacks Research for the Tickers Above


Normally $25 each - click below to receive one report FREE:


NextEra Energy, Inc. (NEE) - free report >>