NRG Energy (NRG) Lags Q3 Earnings Estimates, Beats Revenues

Princeton, NJ-headquartered NRG Energy Inc. 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. The company, along with JX Nippon Oil & Gas Exploration Corporation, has completed construction, of Petra Nova, the world’s largest post-combustion carbon-capture system. This carbon-capture unit is capable of capturing more than 5,000 tons of CO2 per day which is the equivalent of taking more than 350,000 cars off the road.

Estimate Trend & Surprise History

Investors should note that the third quarter 2017 Zacks Consensus Estimate stands at 92 cents has decreased by 38.7% over the last 90 days.

Coming to the earnings surprise, NRG Energy has surpassed the Zacks Consensus Estimate in three of the last four quarters, resulting in a positive average surprise of 457.07%.

Zacks Rank: Currently, NRG 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: NRG Energy reported adjusted earnings of 61 cents for the third quarter lagging the Zacks Consensus Estimate 92 cents by 33.7%.

Revenue: The Company surpassed the revenue estimates. NRG Energy posted revenues of $3,049 million in the quarter, compared with the Zacks Consensus Estimate of $2,937 million.

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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