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NextEra Energy (NEE) Stock Declines While Market Improves: Some Information for Investors
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NextEra Energy (NEE - Free Report) closed the most recent trading day at $83.66, moving -3.85% from the previous trading session. This change lagged the S&P 500's 0.26% gain on the day. Elsewhere, the Dow gained 0.09%, while the tech-heavy Nasdaq added 0.42%.
The stock of parent company of Florida Power & Light Co. has fallen by 10.25% in the past month, lagging the Utilities sector's loss of 2.55% and the S&P 500's gain of 6.32%.
The upcoming earnings release of NextEra Energy will be of great interest to investors. The company is predicted to post an EPS of $1.13, indicating a 7.62% growth compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $7.97 billion, indicating a 18.96% upward movement from the same quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $4.01 per share and a revenue of $31.87 billion, indicating changes of +8.09% and +16.27%, respectively, from the former year.
Investors should also note any recent changes to analyst estimates for NextEra Energy. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.05% higher. NextEra Energy presently features a Zacks Rank of #3 (Hold).
Looking at its valuation, NextEra Energy is holding a Forward P/E ratio of 21.7. This signifies a premium in comparison to the average Forward P/E of 18.01 for its industry.
One should further note that NEE currently holds a PEG ratio of 2.55. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. NEE's industry had an average PEG ratio of 2.64 as of yesterday's close.
The Utility - Electric Power industry is part of the Utilities sector. Currently, this industry holds a Zacks Industry Rank of 149, positioning it in the bottom 39% 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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NextEra Energy (NEE) Stock Declines While Market Improves: Some Information for Investors
NextEra Energy (NEE - Free Report) closed the most recent trading day at $83.66, moving -3.85% from the previous trading session. This change lagged the S&P 500's 0.26% gain on the day. Elsewhere, the Dow gained 0.09%, while the tech-heavy Nasdaq added 0.42%.
The stock of parent company of Florida Power & Light Co. has fallen by 10.25% in the past month, lagging the Utilities sector's loss of 2.55% and the S&P 500's gain of 6.32%.
The upcoming earnings release of NextEra Energy will be of great interest to investors. The company is predicted to post an EPS of $1.13, indicating a 7.62% growth compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $7.97 billion, indicating a 18.96% upward movement from the same quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $4.01 per share and a revenue of $31.87 billion, indicating changes of +8.09% and +16.27%, respectively, from the former year.
Investors should also note any recent changes to analyst estimates for NextEra Energy. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.05% higher. NextEra Energy presently features a Zacks Rank of #3 (Hold).
Looking at its valuation, NextEra Energy is holding a Forward P/E ratio of 21.7. This signifies a premium in comparison to the average Forward P/E of 18.01 for its industry.
One should further note that NEE currently holds a PEG ratio of 2.55. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. NEE's industry had an average PEG ratio of 2.64 as of yesterday's close.
The Utility - Electric Power industry is part of the Utilities sector. Currently, this industry holds a Zacks Industry Rank of 149, positioning it in the bottom 39% 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.