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NextEra Energy (NEE) to Report Q1 Earnings: What's in Store?
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NextEra Energy, Inc. (NEE - Free Report) is scheduled to release first-quarter 2021 results on Apr 21, before the market opens. This utility delivered an earnings surprise of 2.6% in the last reported quarter.
Let’s discuss the factors that are likely to get reflected in the upcoming quarterly results.
Factors to Note
NextEra Energy’s first-quarter results will likely reflect the benefits from improvement in Florida’s economic conditions after the roll out of vaccines. Consistent customer addition in its subsidiaries like Gulf Power and Florida Power and Light is likely to have positively impacted demand in the first quarter.
Despite the adverse impact of the pandemic outbreak on demand, it continued to carry out major initiatives, including generation of electricity from renewable assets. These measures are likely to have positively impacted its performance.
Expectations
The Zacks Consensus Estimate for first-quarter earnings and revenues is pegged at 61 cents per share and $4.71 billion, respectively. The projected revenues and earnings indicate an improvement of 1.7% and 2.2%, respectively, from the year-ago reported figures.
What Our Quantitative Model Predicts
Our proven model does not predict an earnings beat for NextEra Energy this time around. A stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) to surpass estimates. That is not the case here as you will see below.
Earnings ESP: The company’s Earnings ESP is -0.22%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
The following players from the same industry have the right combination of elements to post an earnings beat in the to-be-reported quarter.
The Southern Company (SO - Free Report) is set to release first-quarter 2021 results on Apr 29. It has an Earnings ESP of +1.91% and a Zacks Rank #3.
Duke Energy (DUK - Free Report) is set to release first-quarter 2021 results on May 10. It has an Earnings ESP of +1.35% and a Zacks Rank #2.
CenterPoint Energy (CNP - Free Report) is set to release first-quarter 2021 results on May 6. It has an Earnings ESP of +13.97% and a Zacks Rank #2.
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NextEra Energy (NEE) to Report Q1 Earnings: What's in Store?
NextEra Energy, Inc. (NEE - Free Report) is scheduled to release first-quarter 2021 results on Apr 21, before the market opens. This utility delivered an earnings surprise of 2.6% in the last reported quarter.
Let’s discuss the factors that are likely to get reflected in the upcoming quarterly results.
Factors to Note
NextEra Energy’s first-quarter results will likely reflect the benefits from improvement in Florida’s economic conditions after the roll out of vaccines. Consistent customer addition in its subsidiaries like Gulf Power and Florida Power and Light is likely to have positively impacted demand in the first quarter.
Despite the adverse impact of the pandemic outbreak on demand, it continued to carry out major initiatives, including generation of electricity from renewable assets. These measures are likely to have positively impacted its performance.
Expectations
The Zacks Consensus Estimate for first-quarter earnings and revenues is pegged at 61 cents per share and $4.71 billion, respectively. The projected revenues and earnings indicate an improvement of 1.7% and 2.2%, respectively, from the year-ago reported figures.
What Our Quantitative Model Predicts
Our proven model does not predict an earnings beat for NextEra Energy this time around. A stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) to surpass estimates. That is not the case here as you will see below.
Earnings ESP: The company’s Earnings ESP is -0.22%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
NextEra Energy, Inc. Price and EPS Surprise
NextEra Energy, Inc. price-eps-surprise | NextEra Energy, Inc. Quote
Zacks Rank: Currently, NextEra Energy carries a Zacks Rank #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank stocks here.
Stocks to Consider
The following players from the same industry have the right combination of elements to post an earnings beat in the to-be-reported quarter.
The Southern Company (SO - Free Report) is set to release first-quarter 2021 results on Apr 29. It has an Earnings ESP of +1.91% and a Zacks Rank #3.
Duke Energy (DUK - Free Report) is set to release first-quarter 2021 results on May 10. It has an Earnings ESP of +1.35% and a Zacks Rank #2.
CenterPoint Energy (CNP - Free Report) is set to release first-quarter 2021 results on May 6. It has an Earnings ESP of +13.97% and a Zacks Rank #2.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How to Profit from Trillions on Spending for Infrastructure >>