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NextEra Energy (NEE) Gains As Market Dips: What You Should Know
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NextEra Energy (NEE - Free Report) ended the recent trading session at $92.78, demonstrating a +1.14% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily loss of 0.61%. Elsewhere, the Dow saw a downswing of 0.26%, while the tech-heavy Nasdaq depreciated by 0.93%.
The parent company of Florida Power & Light Co.'s stock has dropped by 0.22% in the past month, falling short of the Utilities sector's gain of 0.4% and outpacing the S&P 500's loss of 2.25%.
Market participants will be closely following the financial results of NextEra Energy in its upcoming release. On that day, NextEra Energy is projected to report earnings of $0.92 per share, which would represent a year-over-year decline of 7.07%. Alongside, our most recent consensus estimate is anticipating revenue of $7.22 billion, indicating a 15.6% upward movement from the same quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $4 per share and a revenue of $31.46 billion, signifying shifts of +7.82% and +14.76%, respectively, from the last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for NextEra Energy. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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. The Zacks Consensus EPS estimate has moved 0.07% lower within the past month. Currently, NextEra Energy is carrying a Zacks Rank of #3 (Hold).
Investors should also note NextEra Energy's current valuation metrics, including its Forward P/E ratio of 22.93. This denotes a premium relative to the industry average Forward P/E of 18.65.
The Utility - Electric Power industry is part of the Utilities sector. Currently, this industry holds a Zacks Industry Rank of 145, positioning it in the bottom 41% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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NextEra Energy (NEE) Gains As Market Dips: What You Should Know
NextEra Energy (NEE - Free Report) ended the recent trading session at $92.78, demonstrating a +1.14% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily loss of 0.61%. Elsewhere, the Dow saw a downswing of 0.26%, while the tech-heavy Nasdaq depreciated by 0.93%.
The parent company of Florida Power & Light Co.'s stock has dropped by 0.22% in the past month, falling short of the Utilities sector's gain of 0.4% and outpacing the S&P 500's loss of 2.25%.
Market participants will be closely following the financial results of NextEra Energy in its upcoming release. On that day, NextEra Energy is projected to report earnings of $0.92 per share, which would represent a year-over-year decline of 7.07%. Alongside, our most recent consensus estimate is anticipating revenue of $7.22 billion, indicating a 15.6% upward movement from the same quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $4 per share and a revenue of $31.46 billion, signifying shifts of +7.82% and +14.76%, respectively, from the last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for NextEra Energy. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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. The Zacks Consensus EPS estimate has moved 0.07% lower within the past month. Currently, NextEra Energy is carrying a Zacks Rank of #3 (Hold).
Investors should also note NextEra Energy's current valuation metrics, including its Forward P/E ratio of 22.93. This denotes a premium relative to the industry average Forward P/E of 18.65.
The Utility - Electric Power industry is part of the Utilities sector. Currently, this industry holds a Zacks Industry Rank of 145, positioning it in the bottom 41% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.