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.
Surprise History
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 4.75%.
Zacks Rank: Currently, NextEra Energy has a Zacks Rank #3 (Hold) but that could change following its first quarter 2018 earnings report which has just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
NextEra Energy, Inc. Price and EPS Surprise
NextEra Energy, Inc. Price and EPS Surprise | NextEra Energy, Inc. Quote
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 first-quarter EPS of $1.78, the company reported an EPS of $1.94 beating it by 8.9%
Revenue: NextEra Energy posted revenues of $3,863 million in the first quarter, lagging than Zacks Consensus Estimate of $3,916 million by 1.4%.
Key Stats: During the first quarter 2018, NextEra Energy’ principal electric subsidiary Florida Power & Light Company’s average customer count went up by 53,000 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!
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