NRG Energy (NRG - Free Report) closed the most recent trading day at $34.73, moving -1.56% from the previous trading session. This move lagged the S&P 500's daily gain of 1.05%. At the same time, the Dow added 1.02%, and the tech-heavy Nasdaq gained 1.66%.
Prior to today's trading, shares of the power company had lost 5.32% over the past month. This has lagged the Utilities sector's gain of 3.02% and the S&P 500's loss of 0.08% in that time.
Wall Street will be looking for positivity from NRG as it approaches its next earnings report date. In that report, analysts expect NRG to post earnings of $1.25 per share. This would mark year-over-year growth of 303.23%. Meanwhile, our latest consensus estimate is calling for revenue of $2.15 billion, down 26.37% from the prior-year quarter.
NRG's full-year Zacks Consensus Estimates are calling for earnings of $4.10 per share and revenue of $9.59 billion. These results would represent year-over-year changes of +70.12% and -7.79%, respectively.
Investors might also notice recent changes to analyst estimates for NRG. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an 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. Within the past 30 days, our consensus EPS projection has moved 0.9% higher. NRG is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, NRG is holding a Forward P/E ratio of 8.46. This represents a discount compared to its industry's average Forward P/E of 20.13.
The Utility - Electric Power industry is part of the Utilities sector. This industry currently has a Zacks Industry Rank of 161, which puts it in the bottom 38% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
To follow NRG in the coming trading sessions, be sure to utilize Zacks.com.