NextEra Energy (NEE) Tops on Q2 Earnings, Revenue lags
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 3.95%.
Zacks Rank: Currently, NextEra Energy has a Zacks Rank #2 (Buy) but that could change following its second quarter 2018 earnings report which has just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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 second-quarter EPS of $2.07, the company reported an EPS of $2.11 beating it by 1.9%.
NextEra Energy, Inc. Price and EPS Surprise
NextEra Energy, Inc. Price and EPS Surprise | NextEra Energy, Inc. Quote
Revenue: NextEra Energy posted revenues of $4,069 million in the second quarter, lagging Zacks Consensus Estimate of $4,491 million by 9.4%.
Key Stats: During the second quarter 2018, NextEra Energy’ principal electric subsidiary Florida Power & Light Company’s average customer count went up by 56,000 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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