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NextEra Energy (NEE) Gains But Lags Market: What You Should Know
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NextEra Energy (NEE - Free Report) ended the recent trading session at $81.28, demonstrating a +1.13% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily gain of 1.14%. On the other hand, the Dow registered a gain of 0.61%, and the technology-centric Nasdaq increased by 1.69%.
Shares of the parent company of Florida Power & Light Co. have depreciated by 6.45% over the course of the past month, underperforming the Utilities sector's loss of 5.85%, and the S&P 500's loss of 2.85%.
The investment community will be closely monitoring the performance of NextEra Energy in its forthcoming earnings report. On that day, NextEra Energy is projected to report earnings of $1.17 per share, which would represent year-over-year growth of 3.54%. Meanwhile, the latest consensus estimate predicts the revenue to be $9.19 billion, indicating a 15.4% increase compared to the same quarter of the previous year.
NEE's full-year Zacks Consensus Estimates are calling for earnings of $4.01 per share and revenue of $31.23 billion. These results would represent year-over-year changes of +8.09% and +13.92%, respectively.
It's also important for investors to be aware of any recent modifications to analyst estimates for NextEra Energy. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 0.1% increase. At present, NextEra Energy boasts a Zacks Rank of #4 (Sell).
Investors should also note NextEra Energy's current valuation metrics, including its Forward P/E ratio of 20.21. This represents a premium compared to its industry average Forward P/E of 16.92.
We can also see that NEE currently has a PEG ratio of 2.51. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Utility - Electric Power industry had an average PEG ratio of 2.51 as trading concluded yesterday.
The Utility - Electric Power industry is part of the Utilities sector. With its current Zacks Industry Rank of 150, this industry ranks in the bottom 40% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
View the Zacks #1 Rank List
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NextEra Energy (NEE) Gains But Lags Market: What You Should Know
NextEra Energy (NEE - Free Report) ended the recent trading session at $81.28, demonstrating a +1.13% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily gain of 1.14%. On the other hand, the Dow registered a gain of 0.61%, and the technology-centric Nasdaq increased by 1.69%.
Shares of the parent company of Florida Power & Light Co. have depreciated by 6.45% over the course of the past month, underperforming the Utilities sector's loss of 5.85%, and the S&P 500's loss of 2.85%.
The investment community will be closely monitoring the performance of NextEra Energy in its forthcoming earnings report. On that day, NextEra Energy is projected to report earnings of $1.17 per share, which would represent year-over-year growth of 3.54%. Meanwhile, the latest consensus estimate predicts the revenue to be $9.19 billion, indicating a 15.4% increase compared to the same quarter of the previous year.
NEE's full-year Zacks Consensus Estimates are calling for earnings of $4.01 per share and revenue of $31.23 billion. These results would represent year-over-year changes of +8.09% and +13.92%, respectively.
It's also important for investors to be aware of any recent modifications to analyst estimates for NextEra Energy. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 0.1% increase. At present, NextEra Energy boasts a Zacks Rank of #4 (Sell).
Investors should also note NextEra Energy's current valuation metrics, including its Forward P/E ratio of 20.21. This represents a premium compared to its industry average Forward P/E of 16.92.
We can also see that NEE currently has a PEG ratio of 2.51. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Utility - Electric Power industry had an average PEG ratio of 2.51 as trading concluded yesterday.
The Utility - Electric Power industry is part of the Utilities sector. With its current Zacks Industry Rank of 150, this industry ranks in the bottom 40% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.