NextEra Energy, Inc. (NEE) is a public utility holding company engaged in the generation, transmission, distribution, and sale of electric energy. This Juno Beach, FL-based also operates one of the largest fleet of nuclear power stations. NextEra’s growing environmental consciousness and increasing inclination towards renewable energy is making it a popular stock amongst investors.
However, volatility in market prices of fuel, electricity and other renewable energy commodities and erratic weather pattern leads to unstable earnings sometimes.
Estimate Trend & Surprise History
NextEra Energy has seen its current quarter earnings estimates move up over the past few weeks. Currently, NextEra has a Zacks Rank #3 (Hold), but that could definitely change following its earnings report which was just released.
Coming to reporting earnings surprise, the company has a mixed track record in the last few earnings report. The utility came out with positive earnings surprise in two of the last four quarters with an average beat of 2.12%.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: NextEra Energy surpassed the earnings estimates in the second quarter of 2015. Our consensus called for second quarter EPS of $1.50, and the company reported EPS of $1.56.
Revenue: NextEra also beat the second-quarter revenues. NextEra posted revenues of $4,358 million, compared to our consensus estimate of $4,248 million.
Key Stats to Note: Total energy sales increased 7.8% to 31,203 million kWh in the second quarter. Average customers account for the period also increased 1.4% to nearly 4.8 million accounts.
Stock Price: NextEra’s shares were inactive following the release. Shares were up about 0.3% ahead of earnings.
Check back later for our full write up on this NextEra Energy earnings report!
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