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NextEra Energy (NEE) Dips More Than Broader Markets: What You Should Know

1
Zacks Equity Research
·3 min read

NextEra Energy (NEE) closed the most recent trading day at $75.38, moving -0.19% from the previous trading session. This change lagged the S&P 500's 0.16% loss on the day. At the same time, the Dow lost 0.39%, and the tech-heavy Nasdaq gained 0.09%.

Wall Street will be looking for positivity from NEE as it approaches its next earnings report date. In that report, analysts expect NEE to post earnings of $0.61 per share. This would mark year-over-year growth of 1.67%. Meanwhile, our latest consensus estimate is calling for revenue of $4.66 billion, up 0.93% from the prior-year quarter.

For the full year, our Zacks Consensus Estimates are projecting earnings of $2.51 per share and revenue of $20.79 billion, which would represent changes of +8.66% and +15.52%, respectively, from the prior year.

Investors might also notice recent changes to analyst estimates for NEE. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.13% lower. NEE is holding a Zacks Rank of #3 (Hold) right now.

Investors should also note NEE's current valuation metrics, including its Forward P/E ratio of 30.17. This valuation marks a premium compared to its industry's average Forward P/E of 17.94.

It is also worth noting that NEE currently has a PEG ratio of 3.85. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Utility - Electric Power industry currently had an average PEG ratio of 3.24 as of yesterday's close.

The Utility - Electric Power industry is part of the Utilities sector. This group has a Zacks Industry Rank of 198, putting it in the bottom 23% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.


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