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NRG Energy (NRG) Outperforms Broader Market: What You Need to Know
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In the latest close session, NRG Energy (NRG - Free Report) was up +1.34% at $96.93. The stock outpaced the S&P 500's daily gain of 0.2%. Meanwhile, the Dow gained 0.04%, and the Nasdaq, a tech-heavy index, added 0.04%.
The power company's stock has dropped by 13.9% in the past month, falling short of the Utilities sector's loss of 5.76% and the S&P 500's loss of 0.35%.
Investors will be eagerly watching for the performance of NRG Energy in its upcoming earnings disclosure. In that report, analysts expect NRG Energy to post earnings of $3.48 per share. This would mark year-over-year growth of 26.55%. At the same time, our most recent consensus estimate is projecting a revenue of $7.34 billion, reflecting a 3.93% fall from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $8.61 per share and revenue of $36.89 billion, which would represent changes of +6.69% and +20.12%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for NRG Energy. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been a 0.08% rise in the Zacks Consensus EPS estimate. NRG Energy is currently sporting a Zacks Rank of #4 (Sell).
From a valuation perspective, NRG Energy is currently exchanging hands at a Forward P/E ratio of 11.11. This valuation marks a discount compared to its industry average Forward P/E of 16.31.
The Utility - Electric Power industry is part of the Utilities sector. This industry currently has a Zacks Industry Rank of 102, which puts it in the top 42% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
View the Zacks #1 Rank List
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NRG Energy (NRG) Outperforms Broader Market: What You Need to Know
In the latest close session, NRG Energy (NRG - Free Report) was up +1.34% at $96.93. The stock outpaced the S&P 500's daily gain of 0.2%. Meanwhile, the Dow gained 0.04%, and the Nasdaq, a tech-heavy index, added 0.04%.
The power company's stock has dropped by 13.9% in the past month, falling short of the Utilities sector's loss of 5.76% and the S&P 500's loss of 0.35%.
Investors will be eagerly watching for the performance of NRG Energy in its upcoming earnings disclosure. In that report, analysts expect NRG Energy to post earnings of $3.48 per share. This would mark year-over-year growth of 26.55%. At the same time, our most recent consensus estimate is projecting a revenue of $7.34 billion, reflecting a 3.93% fall from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $8.61 per share and revenue of $36.89 billion, which would represent changes of +6.69% and +20.12%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for NRG Energy. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been a 0.08% rise in the Zacks Consensus EPS estimate. NRG Energy is currently sporting a Zacks Rank of #4 (Sell).
From a valuation perspective, NRG Energy is currently exchanging hands at a Forward P/E ratio of 11.11. This valuation marks a discount compared to its industry average Forward P/E of 16.31.
The Utility - Electric Power industry is part of the Utilities sector. This industry currently has a Zacks Industry Rank of 102, which puts it in the top 42% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.