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NRG Energy (NRG) Dips More Than Broader Market: What You Should Know
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NRG Energy (NRG - Free Report) ended the recent trading session at $146.88, demonstrating a -2.77% change from the preceding day's closing price. The stock fell short of the S&P 500, which registered a loss of 0.4% for the day. Meanwhile, the Dow lost 0.98%, and the Nasdaq, a tech-heavy index, added 0.18%.
Shares of the power company have depreciated by 1.87% over the course of the past month, underperforming the Utilities sector's loss of 0.96%, and the S&P 500's gain of 4.97%.
The investment community will be paying close attention to the earnings performance of NRG Energy in its upcoming release. It is anticipated that the company will report an EPS of $1.07, marking a 27.7% fall compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $6.31 billion, down 5.26% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $7.77 per share and revenue of $28.87 billion, indicating changes of +17.02% and +2.64%, respectively, compared to the previous year.
Investors might also notice recent changes to analyst estimates for NRG Energy. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 6.61% higher. NRG Energy is holding a Zacks Rank of #3 (Hold) right now.
Valuation is also important, so investors should note that NRG Energy has a Forward P/E ratio of 19.45 right now. This indicates a premium in contrast to its industry's Forward P/E of 18.15.
Also, we should mention that NRG has a PEG ratio of 1.2. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As of the close of trade yesterday, the Utility - Electric Power industry held an average PEG ratio of 2.64.
The Utility - Electric Power industry is part of the Utilities sector. At present, this industry carries a Zacks Industry Rank of 94, placing it within the top 39% of over 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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NRG Energy (NRG) Dips More Than Broader Market: What You Should Know
NRG Energy (NRG - Free Report) ended the recent trading session at $146.88, demonstrating a -2.77% change from the preceding day's closing price. The stock fell short of the S&P 500, which registered a loss of 0.4% for the day. Meanwhile, the Dow lost 0.98%, and the Nasdaq, a tech-heavy index, added 0.18%.
Shares of the power company have depreciated by 1.87% over the course of the past month, underperforming the Utilities sector's loss of 0.96%, and the S&P 500's gain of 4.97%.
The investment community will be paying close attention to the earnings performance of NRG Energy in its upcoming release. It is anticipated that the company will report an EPS of $1.07, marking a 27.7% fall compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $6.31 billion, down 5.26% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $7.77 per share and revenue of $28.87 billion, indicating changes of +17.02% and +2.64%, respectively, compared to the previous year.
Investors might also notice recent changes to analyst estimates for NRG Energy. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 6.61% higher. NRG Energy is holding a Zacks Rank of #3 (Hold) right now.
Valuation is also important, so investors should note that NRG Energy has a Forward P/E ratio of 19.45 right now. This indicates a premium in contrast to its industry's Forward P/E of 18.15.
Also, we should mention that NRG has a PEG ratio of 1.2. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As of the close of trade yesterday, the Utility - Electric Power industry held an average PEG ratio of 2.64.
The Utility - Electric Power industry is part of the Utilities sector. At present, this industry carries a Zacks Industry Rank of 94, placing it within the top 39% of over 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.