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NRG Energy (NRG) Declines More Than Market: Some Information for Investors
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NRG Energy (NRG - Free Report) ended the recent trading session at $146.14, demonstrating a -3.24% change from the preceding day's closing price. The stock fell short of the S&P 500, which registered a loss of 1.74% for the day. On the other hand, the Dow registered a loss of 1.01%, and the technology-centric Nasdaq decreased by 2.38%.
Prior to today's trading, shares of the power company had lost 17.73% lagged the Utilities sector's loss of 4.43% and the S&P 500's loss of 4.99%.
Market participants will be closely following the financial results of NRG Energy in its upcoming release. The company's upcoming EPS is projected at $1.63, signifying a 37.79% drop compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $7.42 billion, showing a 13.6% drop compared to the year-ago quarter.
NRG's full-year Zacks Consensus Estimates are calling for earnings of $8.83 per share and revenue of $30.59 billion. These results would represent year-over-year changes of +9.42% and -0.39%, respectively.
It's also important for investors to be aware of any recent modifications to analyst estimates for NRG Energy. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 1.96% increase. Right now, NRG Energy possesses a Zacks Rank of #3 (Hold).
In terms of valuation, NRG Energy is presently being traded at a Forward P/E ratio of 17.11. For comparison, its industry has an average Forward P/E of 18.18, which means NRG Energy is trading at a discount to the group.
The Utility - Electric Power industry is part of the Utilities sector. This group has a Zacks Industry Rank of 82, putting it in the top 34% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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NRG Energy (NRG) Declines More Than Market: Some Information for Investors
NRG Energy (NRG - Free Report) ended the recent trading session at $146.14, demonstrating a -3.24% change from the preceding day's closing price. The stock fell short of the S&P 500, which registered a loss of 1.74% for the day. On the other hand, the Dow registered a loss of 1.01%, and the technology-centric Nasdaq decreased by 2.38%.
Prior to today's trading, shares of the power company had lost 17.73% lagged the Utilities sector's loss of 4.43% and the S&P 500's loss of 4.99%.
Market participants will be closely following the financial results of NRG Energy in its upcoming release. The company's upcoming EPS is projected at $1.63, signifying a 37.79% drop compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $7.42 billion, showing a 13.6% drop compared to the year-ago quarter.
NRG's full-year Zacks Consensus Estimates are calling for earnings of $8.83 per share and revenue of $30.59 billion. These results would represent year-over-year changes of +9.42% and -0.39%, respectively.
It's also important for investors to be aware of any recent modifications to analyst estimates for NRG Energy. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 1.96% increase. Right now, NRG Energy possesses a Zacks Rank of #3 (Hold).
In terms of valuation, NRG Energy is presently being traded at a Forward P/E ratio of 17.11. For comparison, its industry has an average Forward P/E of 18.18, which means NRG Energy is trading at a discount to the group.
The Utility - Electric Power industry is part of the Utilities sector. This group has a Zacks Industry Rank of 82, putting it in the top 34% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.