Juno Beach, FL-based NextEra Energy Inc. 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. Improving economic condition in its service territories, natural gas pipeline projects and additions to renewable generation assets will boost its performance.
Estimate Trend & Surprise History
Investors should note that the fourth quarter 2017 Zacks Consensus Estimate for earnings of $1.31 per share has decreased by 1.5% 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 4.34%.
NextEra Energy, Inc. Price and EPS Surprise
Zacks Rank: Currently, NextEra 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: NextEra Energy’s earnings lagged expectations. While Zacks Consensus Estimate called for fourth-quarter EPS of $1.31, the company reported an EPS of $1.25 missing it by 4.6%
Revenue: NextEra Energy posted revenues of $4,010 million in the fourth quarter, surpassing than Zacks Consensus Estimate of $3,910 million by 2.6%.
Key Stats: During the fourth quarter 2017, NextEra Energy’ principal electric subsidiary Florida Power & Light Company’s average customer count went up by 55,300 year over year.
Stock Price: It would be interesting to see how the market reacts to the earnings release during the trading session today.
Check back later for our full write up on this NextEra Energy earnings report later!
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