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NRG Energy (NRG) Sees a More Significant Dip Than Broader Market: Some Facts to Know
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NRG Energy (NRG - Free Report) closed the most recent trading day at $106.32, moving -2.11% from the previous trading session. The stock trailed the S&P 500, which registered a daily loss of 0.47%. Elsewhere, the Dow gained 0.1%, while the tech-heavy Nasdaq lost 1.25%.
The power company's stock has dropped by 5.86% in the past month, falling short of the Utilities sector's loss of 4.06% and the S&P 500's gain of 1.15%.
The investment community will be closely monitoring the performance of NRG Energy in its forthcoming earnings report. The company is predicted to post an EPS of $3.48, indicating a 26.55% growth compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $7.34 billion, indicating a 3.93% downward movement from the same quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $8.61 per share and a revenue of $36.89 billion, indicating changes of +6.69% and +20.12%, respectively, from the former year.
Investors might also notice recent changes to analyst estimates 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 take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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 0.08% increase. NRG Energy is holding a Zacks Rank of #4 (Sell) right now.
Looking at valuation, NRG Energy is presently trading at a Forward P/E ratio of 12.61. This denotes a discount relative to the industry average Forward P/E of 16.96.
The Utility - Electric Power industry is part of the Utilities sector. With its current Zacks Industry Rank of 103, this industry ranks in the top 42% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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) Sees a More Significant Dip Than Broader Market: Some Facts to Know
NRG Energy (NRG - Free Report) closed the most recent trading day at $106.32, moving -2.11% from the previous trading session. The stock trailed the S&P 500, which registered a daily loss of 0.47%. Elsewhere, the Dow gained 0.1%, while the tech-heavy Nasdaq lost 1.25%.
The power company's stock has dropped by 5.86% in the past month, falling short of the Utilities sector's loss of 4.06% and the S&P 500's gain of 1.15%.
The investment community will be closely monitoring the performance of NRG Energy in its forthcoming earnings report. The company is predicted to post an EPS of $3.48, indicating a 26.55% growth compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $7.34 billion, indicating a 3.93% downward movement from the same quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $8.61 per share and a revenue of $36.89 billion, indicating changes of +6.69% and +20.12%, respectively, from the former year.
Investors might also notice recent changes to analyst estimates 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 take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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 0.08% increase. NRG Energy is holding a Zacks Rank of #4 (Sell) right now.
Looking at valuation, NRG Energy is presently trading at a Forward P/E ratio of 12.61. This denotes a discount relative to the industry average Forward P/E of 16.96.
The Utility - Electric Power industry is part of the Utilities sector. With its current Zacks Industry Rank of 103, this industry ranks in the top 42% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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.