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NRG Energy (NRG) Surpasses Q1 Earnings and Revenue Estimates
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Princeton, NJ-headquartered NRG Energy Inc. (NRG - Free Report) is engaged in the production, sale and delivery of energy and energy products and services to residential, industrial and commercial consumers in major competitive power markets in the U.S.
NRG Energy is focused on expanding its renewable portfolio and is implementing measures to minimize emission during operations. The company continues to work on its fossil fuel decarburization strategy and promote electricity generation from alternate sources.
NRG Energy has announced its transformation plan in 2017 which is aimed to save more than $1 billion through recurring cost cuts and margin improvements.
Investors should note that the fourth quarter 2017 Zacks Consensus Estimate stand at Zero cent compared with a loss of 10 cents 60 days ago.
Coming to the earnings surprise, NRG Energy has surpassed the Zacks Consensus Estimate in two of the last four quarters, resulting in a positive average surprise of 374.24%.
Zacks Rank: Currently, NRG Energy has a Zacks Rank #1 (Strong Buy) but that could change following its first quarter 2018 earnings report which has just released.
We have highlighted some of the key details from the just-released announcement below:
Earnings: NRG Energy reported adjusted earnings of 87 cents in the first quarter beating the Zacks Consensus Estimate of Zero cent by a wide margin.
Revenue: The Company surpassed the revenue estimates. NRG Energy posted revenues of $2,421 million in the quarter, beating the Zacks Consensus Estimate of $2,234 million by 8.4%.
Key Notes: At the end of first quarter 2018, the company realized $80 million of its 2018 cost savings target as part of its announced Transformation Plan.
Stock Price: It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on this NRG Energy earnings report!
5 Medical Stocks to Buy Now
Zacks names 5 companies poised to ride a medical breakthrough that is targeting cures for leukemia, AIDS, muscular dystrophy, hemophilia, and other conditions.
New products in this field are already generating substantial revenue and even more wondrous treatments are in the pipeline. Early investors could realize exceptional profits.
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NRG Energy (NRG) Surpasses Q1 Earnings and Revenue Estimates
Princeton, NJ-headquartered NRG Energy Inc. (NRG - Free Report) is engaged in the production, sale and delivery of energy and energy products and services to residential, industrial and commercial consumers in major competitive power markets in the U.S.
NRG Energy is focused on expanding its renewable portfolio and is implementing measures to minimize emission during operations. The company continues to work on its fossil fuel decarburization strategy and promote electricity generation from alternate sources.
NRG Energy has announced its transformation plan in 2017 which is aimed to save more than $1 billion through recurring cost cuts and margin improvements.
NRG Energy, Inc. Price and EPS Surprise
NRG Energy, Inc. Price and EPS Surprise | NRG Energy, Inc. Quote
Estimate Trend & Surprise History
Investors should note that the fourth quarter 2017 Zacks Consensus Estimate stand at Zero cent compared with a loss of 10 cents 60 days ago.
Coming to the earnings surprise, NRG Energy has surpassed the Zacks Consensus Estimate in two of the last four quarters, resulting in a positive average surprise of 374.24%.
Zacks Rank: Currently, NRG Energy has a Zacks Rank #1 (Strong Buy) but that could change following its first quarter 2018 earnings report which has just released.
You can see the complete list of today’s Zacks #1 Rank stocks here.
We have highlighted some of the key details from the just-released announcement below:
Earnings: NRG Energy reported adjusted earnings of 87 cents in the first quarter beating the Zacks Consensus Estimate of Zero cent by a wide margin.
Revenue: The Company surpassed the revenue estimates. NRG Energy posted revenues of $2,421 million in the quarter, beating the Zacks Consensus Estimate of $2,234 million by 8.4%.
Key Notes: At the end of first quarter 2018, the company realized $80 million of its 2018 cost savings target as part of its announced Transformation Plan.
Stock Price: It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on this NRG Energy earnings report!
5 Medical Stocks to Buy Now
Zacks names 5 companies poised to ride a medical breakthrough that is targeting cures for leukemia, AIDS, muscular dystrophy, hemophilia, and other conditions.
New products in this field are already generating substantial revenue and even more wondrous treatments are in the pipeline. Early investors could realize exceptional profits.
Click here to see the 5 stocks >>