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What's in Store for NextEra Energy Partners (NEP) Q1 Earnings?
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NextEra Energy Partners, LP (NEP - Free Report) is scheduled to release first-quarter 2020 earnings on Apr 22, before market open. The partnership delivered a positive earnings surprise of 13.64% in the last reported quarter.
The partnership has a trailing four-quarter negative earnings surprise of 164.17%, on average.
Factors to Consider
The partnership’s first-quarter earnings are likely to have benefited from the acquisition of Meade Pipeline Company, which was completed in fourth-quarter 2019.
The outbreak of COVID-19 in the United States has impacted the economy in the last phase of the first quarter, which is likely to have affected the firm’s first-quarter performance.
NextEra Energy Partners, LP Price and EPS Surprise
The Zacks Consensus Estimate for first-quarter 2020 earnings and revenues is pegged at 45 cents per unit and $265.90 million, respectively. The top- and the bottom-line figures indicate year-over-year rise of 50.23% and 218.42% from the year-ago quarter’s reported figure, respectively.
What Our Quantitative Model Predicts
Our proven model doesn’t conclusively predict an earnings beat for NextEra Energy Partners this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. That is not the case here as you will see below. You can see the complete list of today’s Zacks #1 Rank stocks here.
Earnings ESP: The company’s Earnings ESP is 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Currently, NextEra Energy Partners carries a Zacks Rank #3.
Stocks to Consider
Here are some companies from the sector that you may want to consider as our model shows that these have the right combination of elements to post an earnings beat this season.
Southwestern Energy Company (SWN - Free Report) has an Earnings ESP of +19.66% and a Zacks Rank #2. The company is expected to report first-quarter 2020 results on May 1.
Energy Transfer LP (ET - Free Report) has an Earnings ESP of +13.85% and a Zacks Rank #3. The company is expected to release first-quarter 2020 results on May 11.
Marathon Oil Corporation (MRO - Free Report) has an Earnings ESP of +4.76% and a Zacks Rank #3. The company is expected to release first-quarter 2020 results on May 7.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
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What's in Store for NextEra Energy Partners (NEP) Q1 Earnings?
NextEra Energy Partners, LP (NEP - Free Report) is scheduled to release first-quarter 2020 earnings on Apr 22, before market open. The partnership delivered a positive earnings surprise of 13.64% in the last reported quarter.
The partnership has a trailing four-quarter negative earnings surprise of 164.17%, on average.
Factors to Consider
The partnership’s first-quarter earnings are likely to have benefited from the acquisition of Meade Pipeline Company, which was completed in fourth-quarter 2019.
The outbreak of COVID-19 in the United States has impacted the economy in the last phase of the first quarter, which is likely to have affected the firm’s first-quarter performance.
NextEra Energy Partners, LP Price and EPS Surprise
NextEra Energy Partners, LP price-eps-surprise | NextEra Energy Partners, LP Quote
Which Way are Estimates Treading?
The Zacks Consensus Estimate for first-quarter 2020 earnings and revenues is pegged at 45 cents per unit and $265.90 million, respectively. The top- and the bottom-line figures indicate year-over-year rise of 50.23% and 218.42% from the year-ago quarter’s reported figure, respectively.
What Our Quantitative Model Predicts
Our proven model doesn’t conclusively predict an earnings beat for NextEra Energy Partners this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. That is not the case here as you will see below. You can see the complete list of today’s Zacks #1 Rank stocks here.
Earnings ESP: The company’s Earnings ESP is 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Currently, NextEra Energy Partners carries a Zacks Rank #3.
Stocks to Consider
Here are some companies from the sector that you may want to consider as our model shows that these have the right combination of elements to post an earnings beat this season.
Southwestern Energy Company (SWN - Free Report) has an Earnings ESP of +19.66% and a Zacks Rank #2. The company is expected to report first-quarter 2020 results on May 1.
Energy Transfer LP (ET - Free Report) has an Earnings ESP of +13.85% and a Zacks Rank #3. The company is expected to release first-quarter 2020 results on May 11.
Marathon Oil Corporation (MRO - Free Report) has an Earnings ESP of +4.76% and a Zacks Rank #3. The company is expected to release first-quarter 2020 results on May 7.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>