Earnings Estimates Moving Higher for NRG Yield (NYLD): Time to Buy? – Tale of the Tape

Zacks

NRG Yield, Inc. (NYLD) is primarily engaged into renewable-energy business that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on NYLD’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that NRG Yield could be a solid choice for investors.

Current Quarter Estimates for NYLD

In the past 30 days, the company has not seen any estimate revision. However, the consensus estimate trend has been pretty favourable, with estimates increasing from $1.11 a share 30 days ago, to $1.36 today, a move of 22.5%.

Current Year Estimates for NYLD

Meanwhile, NRG Yield’s current year consensus estimate trend has also seen a boost for this time frame, increasing from 25 cents per share 30 days ago to 36 cents per share today, an increase of 44%.

Bottom Line

The stock has also started to move higher lately, adding 19.1% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 NRG Yield stock to profit in the near future.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

To read this article on Zacks.com click here.

Get all Zacks Research Reports and be alerted to fast-breaking buy and sell opportunities every trading day.

Be the first to comment

Leave a Reply