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NRG Energy (NRG) Beats Stock Market Upswing: What Investors Need to Know
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In the latest close session, NRG Energy (NRG - Free Report) was up +2.22% at $135.06. The stock outpaced the S&P 500's daily gain of 1.09%. At the same time, the Dow added 0.14%, and the tech-heavy Nasdaq gained 1.91%.
The stock of power company has fallen by 1.38% in the past month, lagging the Utilities sector's gain of 0.52% and the S&P 500's gain of 0.29%.
Market participants will be closely following the financial results of NRG Energy in its upcoming release. The company is forecasted to report an EPS of $2.12, showcasing a 26.19% upward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $6.27 billion, down 6.93% from the year-ago period.
NRG's full-year Zacks Consensus Estimates are calling for earnings of $8.98 per share and revenue of $35.58 billion. These results would represent year-over-year changes of +11.28% and +15.85%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for NRG Energy. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.45% increase. NRG Energy is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, NRG Energy is holding a Forward P/E ratio of 14.72. This expresses a discount compared to the average Forward P/E of 17.86 of its industry.
The Utility - Electric Power industry is part of the Utilities sector. This group has a Zacks Industry Rank of 154, putting it in the bottom 37% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
View the Zacks #1 Rank List
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NRG Energy (NRG) Beats Stock Market Upswing: What Investors Need to Know
In the latest close session, NRG Energy (NRG - Free Report) was up +2.22% at $135.06. The stock outpaced the S&P 500's daily gain of 1.09%. At the same time, the Dow added 0.14%, and the tech-heavy Nasdaq gained 1.91%.
The stock of power company has fallen by 1.38% in the past month, lagging the Utilities sector's gain of 0.52% and the S&P 500's gain of 0.29%.
Market participants will be closely following the financial results of NRG Energy in its upcoming release. The company is forecasted to report an EPS of $2.12, showcasing a 26.19% upward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $6.27 billion, down 6.93% from the year-ago period.
NRG's full-year Zacks Consensus Estimates are calling for earnings of $8.98 per share and revenue of $35.58 billion. These results would represent year-over-year changes of +11.28% and +15.85%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for NRG Energy. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.45% increase. NRG Energy is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, NRG Energy is holding a Forward P/E ratio of 14.72. This expresses a discount compared to the average Forward P/E of 17.86 of its industry.
The Utility - Electric Power industry is part of the Utilities sector. This group has a Zacks Industry Rank of 154, putting it in the bottom 37% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.