NextEra Energy (NEE - Free Report) closed at $182.17 in the latest trading session, marking a -0.18% move from the prior day. This move was narrower than the S&P 500's daily loss of 3.24%. Meanwhile, the Dow lost 3.1%, and the Nasdaq, a tech-heavy index, lost 3.8%.
Coming into today, shares of the parent company of Florida Power & Light Co. Had gained 8.53% in the past month. In that same time, the Utilities sector gained 4.95%, while the S&P 500 gained 2.73%.
Wall Street will be looking for positivity from NEE as it approaches its next earnings report date. This is expected to be January 25, 2019. The company is expected to report EPS of $1.55, up 24% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $4.44 billion, up 10.74% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $7.78 per share and revenue of $17.25 billion. These totals would mark changes of +16.12% and +0.33%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for NEE. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 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. The Zacks Consensus EPS estimate remained stagnant within the past month. NEE is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note NEE's current valuation metrics, including its Forward P/E ratio of 23.46. For comparison, its industry has an average Forward P/E of 18.92, which means NEE is trading at a premium to the group.
Meanwhile, NEE's PEG ratio is currently 2.8. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Utility - Electric Power industry currently had an average PEG ratio of 3.55 as of yesterday's close.
The Utility - Electric Power industry is part of the Utilities sector. This industry currently has a Zacks Industry Rank of 79, which puts it in the top 31% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.