Princeton, NJ-headquartered NRG Energy Inc. (NRG) is a wholesale power generation company engaged in the ownership, development, construction and operation of power generation facilities. The company has a significant presence in major competitive power markets in the U.S., as well as a major retail electricity franchise in the Electric Reliability Council of Texas (ERCOT) market.
NRG is currently rolling out several innovative and sustainable products and services. The company recently provided the Goal Zero portable solar products to new customers in Pennsylvania and New Jersey through its unit, NRG Residential Solutions. These initiatives will enable the company to attract more customers and retain existing ones.
However, stringent environmental regulations and dependence on weather conditions remain causes of concern.
Estimate Trend & Surprise History
NRG Energy has seen negative revisions in the past few weeks and its current quarter earnings consensus has gone down by 25% to 93 cents over the last 60 days.
Coming to the earnings surprise, NRG’s activity in the last four earnings reports has been quite negative. The stock has missed estimates in all the last four quarters, making for an average negative surprise of 101.3%. The company currently has a Zacks Rank #3 (Hold).
Going further things could definitely change given the company’s recently released earnings results. Going below we have mentioned some of the vital information from this just-revealed announcement:
Earnings: NRG Energy missed on the earnings in the fourth-quarter of 2014. Our consensus called for EPS of 93 cents, and the company reported EPS of 21 cents.
Revenue: The company managed to surpass the revenue estimates in 2014. NRG Energy posted revenues of $15.8 billion in the quarter, compared to our consensus estimate of $14.6 billion.
Key Stats to Note: NRG Energy’s Total operating expenses in 2014 surged 33.5% year over year to $14.6 billion, primarily due to higher cost of operations and selling, general and administrative expenses. The company's adjusted EBITDA for the year was $3,128 million, down 18.7% year over year
Stock Price: Shares were down 2.40% ahead of the report and remained inactive following the release. 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 International earnings report!
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