We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
NRG Energy (NRG) Stock Sinks As Market Gains: Here's Why
Read MoreHide Full Article
NRG Energy (NRG - Free Report) closed at $106.23 in the latest trading session, marking a -1.07% move from the prior day. The stock's change was less than the S&P 500's daily gain of 1.14%. Elsewhere, the Dow gained 0.61%, while the tech-heavy Nasdaq added 1.69%.
Heading into today, shares of the power company had lost 10.95% over the past month, lagging 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 NRG Energy in its forthcoming earnings report. On that day, NRG Energy is projected to report earnings of $3.66 per share, which would represent year-over-year growth of 33.09%. Our most recent consensus estimate is calling for quarterly revenue of $7.29 billion, down 4.57% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $8.6 per share and revenue of $36.89 billion. These totals would mark changes of +6.57% and +20.12%, respectively, from last year.
Any recent changes to analyst estimates for NRG Energy should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 2.18% increase. NRG Energy is currently a Zacks Rank #3 (Hold).
Looking at valuation, NRG Energy is presently trading at a Forward P/E ratio of 12.32. For comparison, its industry has an average Forward P/E of 16.92, which means NRG Energy is trading at a discount to the group.
The Utility - Electric Power industry is part of the Utilities sector. At present, this industry carries a Zacks Industry Rank of 150, placing it within the bottom 40% of over 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
View the Zacks #1 Rank List
Image: Bigstock
NRG Energy (NRG) Stock Sinks As Market Gains: Here's Why
NRG Energy (NRG - Free Report) closed at $106.23 in the latest trading session, marking a -1.07% move from the prior day. The stock's change was less than the S&P 500's daily gain of 1.14%. Elsewhere, the Dow gained 0.61%, while the tech-heavy Nasdaq added 1.69%.
Heading into today, shares of the power company had lost 10.95% over the past month, lagging 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 NRG Energy in its forthcoming earnings report. On that day, NRG Energy is projected to report earnings of $3.66 per share, which would represent year-over-year growth of 33.09%. Our most recent consensus estimate is calling for quarterly revenue of $7.29 billion, down 4.57% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $8.6 per share and revenue of $36.89 billion. These totals would mark changes of +6.57% and +20.12%, respectively, from last year.
Any recent changes to analyst estimates for NRG Energy should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 2.18% increase. NRG Energy is currently a Zacks Rank #3 (Hold).
Looking at valuation, NRG Energy is presently trading at a Forward P/E ratio of 12.32. For comparison, its industry has an average Forward P/E of 16.92, which means NRG Energy is trading at a discount to the group.
The Utility - Electric Power industry is part of the Utilities sector. At present, this industry carries a Zacks Industry Rank of 150, placing it within the bottom 40% of over 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.