Juno Beach, FL-based NextEra Energy Inc. (NYSE:NEE) is a public utility holding company engaged in the generation, transmission, distribution, and sale of electric energy.
To provide reliable services to its customers, NextEra Energy continues to expand its scale of operations and utilize modern technologies, primarily at its FPL utility. The company’s focus on expanding its renewable fleet is impressive and should help it meet regulatory mandates on carbon emission.
However, stringent regulations, volatile commodity prices, erratic weather pattern and operational hazards pose major threats to the company.
Estimate Trend & Surprise History
Investors should note that the third quarter 2017 Zacks Consensus Estimate for earnings of $1.75 per share has decreased by 1.7% in the last 60 days.
Coming to the earnings surprise, NextEra Energy has surpassed the Zacks Consensus Estimate in three out of the last four quarters, resulting in a positive average surprise of 4.28%.
NextEra Energy, Inc. Price and EPS Surprise
NextEra Energy, Inc. Price and EPS Surprise | NextEra Energy, Inc. Quote
Zacks Rank: Currently, NextEra Energy has a Zacks Rank #3 (Hold) but that could change following its third quarter 2017 earnings report which has just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key details from the just-released announcement below:
Earnings: NextEra Energy’s earnings surpassed expectations. While Zacks Consensus Estimate called for third-quarter EPS of $1.75, the company reported an EPS of $1.85 beating it by 5.7%
Revenue: NextEra Energy posted revenues of $4,808 million in the third quarter, lagging than Zacks consensus estimate of $4,893 million by 1.7%.
Key Stats: During the third quarter 2017, NextEra Energy’ principal electric subsidiary Florida Power & Light Company’s average customer count went up by 1.3% year over year.
Stock Price: It would be interesting to see how the market reacts to the positive earnings surprise during the trading session today.
Check back later for our full write up on this NextEra Energy earnings report later!
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>>
NextEra Energy, Inc. (NEE): Free Stock Analysis Report
Original post
Zacks Investment Research