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NextEra Energy (NEE) closed at $77.89 in the latest trading session, marking a -0.17% move from the prior day. This change was narrower than the S&P 500's 0.3% loss on the day. Meanwhile, the Dow lost 0.2%, and the Nasdaq, a tech-heavy index, lost 0.11%.
Prior to today's trading, shares of the parent company of Florida Power & Light Co. Had gained 0.76% over the past month. This has outpaced the Utilities sector's loss of 6.48% and the S&P 500's loss of 0.62% in that time.
NextEra Energy will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.75, up 5.63% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $5.67 billion, up 44.47% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $2.84 per share and revenue of $20.45 billion, which would represent changes of +11.37% and +19.82%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for NextEra Energy. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.89% higher. NextEra Energy is currently a Zacks Rank #3 (Hold).
Looking at its valuation, NextEra Energy is holding a Forward P/E ratio of 27.49. Its industry sports an average Forward P/E of 18.72, so we one might conclude that NextEra Energy is trading at a premium comparatively.
Investors should also note that NEE has a PEG ratio of 2.99 right now. 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. NEE's industry had an average PEG ratio of 3.15 as of yesterday's close.
The Utility - Electric Power industry is part of the Utilities sector. This group has a Zacks Industry Rank of 163, putting it in the bottom 36% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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NextEra Energy, Inc. (NEE) : Free Stock Analysis Report
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