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NRG Energy (NRG) Exceeds Market Returns: Some Facts to Consider
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NRG Energy (NRG - Free Report) closed at $154.75 in the latest trading session, marking a +1.49% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.25%. Meanwhile, the Dow experienced a rise of 0.1%, and the technology-dominated Nasdaq saw an increase of 0.47%.
The power company's shares have seen a decrease of 11.53% over the last month, not keeping up with the Utilities sector's loss of 0.28% and the S&P 500's loss of 1.88%.
The investment community will be closely monitoring the performance of NRG Energy in its forthcoming earnings report. The company is predicted to post an EPS of $1.93, indicating a 26.34% decline compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $7.42 billion, reflecting a 13.6% fall from the equivalent quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $8.84 per share and revenue of $30.42 billion, indicating changes of +9.54% and -0.95%, respectively, compared to the previous year.
Investors should also pay attention to any latest changes in analyst estimates for NRG Energy. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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. The Zacks Consensus EPS estimate has moved 6.86% higher within the past month. Right now, NRG Energy possesses a Zacks Rank of #3 (Hold).
In the context of valuation, NRG Energy is at present trading with a Forward P/E ratio of 17.25. This represents a discount compared to its industry average Forward P/E of 19.
The Utility - Electric Power industry is part of the Utilities sector. Currently, this industry holds a Zacks Industry Rank of 82, positioning it in the top 34% 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.
To follow NRG in the coming trading sessions, be sure to utilize Zacks.com.
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NRG Energy (NRG) Exceeds Market Returns: Some Facts to Consider
NRG Energy (NRG - Free Report) closed at $154.75 in the latest trading session, marking a +1.49% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.25%. Meanwhile, the Dow experienced a rise of 0.1%, and the technology-dominated Nasdaq saw an increase of 0.47%.
The power company's shares have seen a decrease of 11.53% over the last month, not keeping up with the Utilities sector's loss of 0.28% and the S&P 500's loss of 1.88%.
The investment community will be closely monitoring the performance of NRG Energy in its forthcoming earnings report. The company is predicted to post an EPS of $1.93, indicating a 26.34% decline compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $7.42 billion, reflecting a 13.6% fall from the equivalent quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $8.84 per share and revenue of $30.42 billion, indicating changes of +9.54% and -0.95%, respectively, compared to the previous year.
Investors should also pay attention to any latest changes in analyst estimates for NRG Energy. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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. The Zacks Consensus EPS estimate has moved 6.86% higher within the past month. Right now, NRG Energy possesses a Zacks Rank of #3 (Hold).
In the context of valuation, NRG Energy is at present trading with a Forward P/E ratio of 17.25. This represents a discount compared to its industry average Forward P/E of 19.
The Utility - Electric Power industry is part of the Utilities sector. Currently, this industry holds a Zacks Industry Rank of 82, positioning it in the top 34% 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.
To follow NRG in the coming trading sessions, be sure to utilize Zacks.com.