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Princeton, NJ-headquartered NRG Energy Inc. (NYSE:NRG) is engaged in the production, sale and delivery of energy and energy products and services to residential, industrial and commercial consumers in major competitive power markets in the U.S.
NRG Energy is focused on expanding its renewable portfolio and is implementing measures to minimize emission during operations. The company continues to work on its fossil fuel decarburization strategy and promote electricity generation from alternate sources.
NRG Energy has announced its transformation plan in 2017 which is aimed to save more than $1 billion through recurring cost cuts and margin improvements.
Estimate Trend & Surprise History
Investors should note that the fourth quarter 2017 Zacks Consensus Estimate stands at a loss of 8 cents and expanded from a loss of 5 cents over the last 30 days.
Coming to the earnings surprise, NRG Energy has surpassed the Zacks Consensus Estimate in two of the last four quarters, resulting in a positive average surprise of 439.87%.
Zacks Rank: Currently, NRG Energy has a Zacks Rank #3 (Hold) but that could change following its fourth 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: NRG Energy reported a loss adjusted loss of $4.30 in 2017 wider than the year ago loss of $2.51 per share.
Revenue: The Company surpassed the revenue estimates. NRG Energy posted revenues of $2,458 million in the quarter, beating the Zacks Consensus Estimate of $2,234 million by 10%.
Key Notes: At the end of fourth quarter 2017, the company reduced costs by $150 million or 231%, of its 2017 cost savings target as part of its announced Transformation Plan.
Stock Price: It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on this NRG Energy earnings report!
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NRG Energy, Inc. (NRG): Free Stock Analysis Report
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