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Exploring Analyst Estimates for NextEra (NEE) Q1 Earnings, Beyond Revenue and EPS
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Wall Street analysts expect NextEra Energy (NEE - Free Report) to post quarterly earnings of $0.91 per share in its upcoming report, which indicates a year-over-year decline of 8.1%. Revenues are expected to be $7.16 billion, up 14.6% from the year-ago quarter.
The consensus EPS estimate for the quarter has been revised 4.9% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
With that in mind, let's delve into the average projections of some NextEra metrics that are commonly tracked and projected by analysts on Wall Street.
The consensus among analysts is that 'Operating Revenues- NextEra Energy Resources (NEER)' will reach $3.16 billion. The estimate points to a change of +45.9% from the year-ago quarter.
Based on the collective assessment of analysts, 'Operating Revenues- Florida Power & Light (FPL)' should arrive at $4.25 billion. The estimate indicates a change of +6.3% from the prior-year quarter.
Analysts forecast 'Operating Income (Loss)- Florida Power & Light (FPL)' to reach $1.87 billion. Compared to the current estimate, the company reported $1.80 billion in the same quarter of the previous year.
It is projected by analysts that the 'Operating Income (Loss)- NextEra Energy Resources (NEER)' will reach $1.45 billion. The estimate compares to the year-ago value of $525.00 million.
Shares of NextEra have demonstrated returns of +2.8% over the past month compared to the Zacks S&P 500 composite's +6.4% change. With a Zacks Rank #3 (Hold), NEE is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Exploring Analyst Estimates for NextEra (NEE) Q1 Earnings, Beyond Revenue and EPS
Wall Street analysts expect NextEra Energy (NEE - Free Report) to post quarterly earnings of $0.91 per share in its upcoming report, which indicates a year-over-year decline of 8.1%. Revenues are expected to be $7.16 billion, up 14.6% from the year-ago quarter.
The consensus EPS estimate for the quarter has been revised 4.9% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
With that in mind, let's delve into the average projections of some NextEra metrics that are commonly tracked and projected by analysts on Wall Street.
The consensus among analysts is that 'Operating Revenues- NextEra Energy Resources (NEER)' will reach $3.16 billion. The estimate points to a change of +45.9% from the year-ago quarter.
Based on the collective assessment of analysts, 'Operating Revenues- Florida Power & Light (FPL)' should arrive at $4.25 billion. The estimate indicates a change of +6.3% from the prior-year quarter.
Analysts forecast 'Operating Income (Loss)- Florida Power & Light (FPL)' to reach $1.87 billion. Compared to the current estimate, the company reported $1.80 billion in the same quarter of the previous year.
It is projected by analysts that the 'Operating Income (Loss)- NextEra Energy Resources (NEER)' will reach $1.45 billion. The estimate compares to the year-ago value of $525.00 million.
View all Key Company Metrics for NextEra here>>>Shares of NextEra have demonstrated returns of +2.8% over the past month compared to the Zacks S&P 500 composite's +6.4% change. With a Zacks Rank #3 (Hold), NEE is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .