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NextEra Energy (NEE) to Report Q2 Earnings: What's in Store?
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NextEra Energy, Inc. (NEE - Free Report) is expected to beat earnings when it reports second-quarter 2018 results, which is slated to be announced on July 25 before the opening bell. Last quarter, this utility reported a positive earnings surprise of 8.99%.
Why a Likely Positive Surprise?
Our proven model shows that NextEra Energy is likely to beat on earnings because it has the right combination of two key ingredients. A stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. You can see the complete list of today’s Zacks #1 Rank stocks here.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Earnings ESP: The company has an Earnings ESP of +3.02% as the Most Accurate estimate is pegged at $2.05, higher than the Zacks Consensus Estimate of $1.99 per share.
Zacks Rank: NextEra Energy carries a Zacks Rank #3. The combination of NextEra Energy’s Zacks Rank #3 and +3.02% ESP makes us quite confident that the company is poised for an earnings beat in the quarter to be reported.
We caution against Sell-rated stocks (#4 or 5) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Factors at Play
NextEra Energy’s second-quarter earnings are expected to get a boost from its subsidiary Florida Power & Light Company’s (FPL) high base revenues, as well as a decline in operation and maintenance expenses.
What’s more, the economy of Florida remains sturdy, with current unemployment rate below the national average. Plus, new building permits indicate customer additions and an increase in demand from the residential space.
NextEra Energy’s second-quarter earnings are expected to be aided by the contribution from gas infrastructure business and new investments.
Other Stocks to Consider
In addition to NextEra Energy, investors can also consider the following players from the industry that also have the right combination of elements to post an earnings beat in the to-be-reported quarter.
American Electric Power Company, Inc. (AEP - Free Report) is anticipated to release second-quarter 2018 results on July 25, 2018. It has an Earnings ESP of +1.21% and a Zacks Rank #2.
Eversource Energy (ES - Free Report) is anticipated to release second-quarter 2018 results on July 26, 2018. It has an Earnings ESP of +1.00% and a Zacks Rank #2.
Dominion Energy (D - Free Report) is expected to release second-quarter 2018 numbers on Aug 1, 2018. It has an Earnings ESP of +2.93% and carries a Zacks Rank #2.
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With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
Image: Bigstock
NextEra Energy (NEE) to Report Q2 Earnings: What's in Store?
NextEra Energy, Inc. (NEE - Free Report) is expected to beat earnings when it reports second-quarter 2018 results, which is slated to be announced on July 25 before the opening bell. Last quarter, this utility reported a positive earnings surprise of 8.99%.
Why a Likely Positive Surprise?
Our proven model shows that NextEra Energy is likely to beat on earnings because it has the right combination of two key ingredients. A stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. You can see the complete list of today’s Zacks #1 Rank stocks here.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
NextEra Energy, Inc. Price and EPS Surprise
NextEra Energy, Inc. Price and EPS Surprise | NextEra Energy, Inc. Quote
Earnings ESP: The company has an Earnings ESP of +3.02% as the Most Accurate estimate is pegged at $2.05, higher than the Zacks Consensus Estimate of $1.99 per share.
Zacks Rank: NextEra Energy carries a Zacks Rank #3. The combination of NextEra Energy’s Zacks Rank #3 and +3.02% ESP makes us quite confident that the company is poised for an earnings beat in the quarter to be reported.
We caution against Sell-rated stocks (#4 or 5) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Factors at Play
NextEra Energy’s second-quarter earnings are expected to get a boost from its subsidiary Florida Power & Light Company’s (FPL) high base revenues, as well as a decline in operation and maintenance expenses.
What’s more, the economy of Florida remains sturdy, with current unemployment rate below the national average. Plus, new building permits indicate customer additions and an increase in demand from the residential space.
NextEra Energy’s second-quarter earnings are expected to be aided by the contribution from gas infrastructure business and new investments.
Other Stocks to Consider
In addition to NextEra Energy, investors can also consider the following players from the industry that also have the right combination of elements to post an earnings beat in the to-be-reported quarter.
American Electric Power Company, Inc. (AEP - Free Report) is anticipated to release second-quarter 2018 results on July 25, 2018. It has an Earnings ESP of +1.21% and a Zacks Rank #2.
Eversource Energy (ES - Free Report) is anticipated to release second-quarter 2018 results on July 26, 2018. It has an Earnings ESP of +1.00% and a Zacks Rank #2.
Dominion Energy (D - Free Report) is expected to release second-quarter 2018 numbers on Aug 1, 2018. It has an Earnings ESP of +2.93% and carries a Zacks Rank #2.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>