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NRG Energy (NRG) Beats on Q3 Earnings, Revenues Miss
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Princeton, NJ-headquartered NRG Energy Inc. (NRG - Free Report) is engaged in the production, sale and delivery of energy and energy products and services to residential, industrial and commercial consumers in major competitive power markets in the U.S.
NRG Energy is focused on expanding its renewable portfolio and announced its move to reintegrate the renewables business into the NRG Energy platform. The company with its renewable asset addition program is well poised to benefit from the extension of the Investment Tax Credit (ITC) for solar and Production Tax Credit (PTC) for wind.
Estimate Trend & Surprise History
Investors should note that the third quarter Zacks Consensus Estimate stands at an EPS of 94 cents unchanged over the last 60 days.
Coming to the earnings surprise, NRG Energy has surpassed the Zacks Consensus Estimate in two of the last four quarters, resulting in a negative average surprise of 5.5%.
We have highlighted some of the key details from the just-released announcement below:
Earnings: NRG Energy’s earnings per share surpassed our expectation. Our consensus called for an EPS of 94 cents, and the company reported adjusted earnings of $1.27 per share. The company surpassed year ago quarter earnings of 18 cents by a whopping 605.6%.
Revenue: The Company missed the revenue estimates. NRG Energy posted revenues of $3,952 million in the quarter, compared to our consensus estimate of $4,374 million.
Stock Price: It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on this NRG Energy earnings report!
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NRG Energy (NRG) Beats on Q3 Earnings, Revenues Miss
Princeton, NJ-headquartered NRG Energy Inc. (NRG - Free Report) is engaged in the production, sale and delivery of energy and energy products and services to residential, industrial and commercial consumers in major competitive power markets in the U.S.
NRG Energy is focused on expanding its renewable portfolio and announced its move to reintegrate the renewables business into the NRG Energy platform. The company with its renewable asset addition program is well poised to benefit from the extension of the Investment Tax Credit (ITC) for solar and Production Tax Credit (PTC) for wind.
Estimate Trend & Surprise History
Investors should note that the third quarter Zacks Consensus Estimate stands at an EPS of 94 cents unchanged over the last 60 days.
Coming to the earnings surprise, NRG Energy has surpassed the Zacks Consensus Estimate in two of the last four quarters, resulting in a negative average surprise of 5.5%.
NRG ENERGY INC Price and EPS Surprise
NRG ENERGY INC Price and EPS Surprise | NRG ENERGY INC Quote
Zacks Rank: Currently, NRG Energy has a Zacks Rank#3 (Hold) but that could change following its third quarter 2016 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: NRG Energy’s earnings per share surpassed our expectation. Our consensus called for an EPS of 94 cents, and the company reported adjusted earnings of $1.27 per share. The company surpassed year ago quarter earnings of 18 cents by a whopping 605.6%.
Revenue: The Company missed the revenue estimates. NRG Energy posted revenues of $3,952 million in the quarter, compared to our consensus estimate of $4,374 million.
Stock Price: It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on this NRG Energy earnings report!
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>