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NextEra (NEE) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
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For the quarter ended September 2023, NextEra Energy (NEE - Free Report) reported revenue of $7.17 billion, up 6.7% over the same period last year. EPS came in at $0.94, compared to $0.85 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $7.45 billion, representing a surprise of -3.77%. The company delivered an EPS surprise of +9.30%, with the consensus EPS estimate being $0.86.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how NextEra performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Operating Revenues- Florida Power & Light (FPL): $5.48 billion versus $5.16 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +7.9% change.
Operating Revenues- NextEra Energy Resources (NEER): $1.67 billion compared to the $2.18 billion average estimate based on two analysts. The reported number represents a change of +1% year over year.
Operating Income (Loss)- NextEra Energy Resources (NEER): $207 million versus the two-analyst average estimate of $823.28 million.
Operating Income (Loss)- Florida Power & Light (FPL): $1.71 billion compared to the $1.54 billion average estimate based on two analysts.
Shares of NextEra have returned -23.6% over the past month versus the Zacks S&P 500 composite's -2.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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NextEra (NEE) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
For the quarter ended September 2023, NextEra Energy (NEE - Free Report) reported revenue of $7.17 billion, up 6.7% over the same period last year. EPS came in at $0.94, compared to $0.85 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $7.45 billion, representing a surprise of -3.77%. The company delivered an EPS surprise of +9.30%, with the consensus EPS estimate being $0.86.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how NextEra performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Operating Revenues- Florida Power & Light (FPL): $5.48 billion versus $5.16 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +7.9% change.
- Operating Revenues- NextEra Energy Resources (NEER): $1.67 billion compared to the $2.18 billion average estimate based on two analysts. The reported number represents a change of +1% year over year.
- Operating Income (Loss)- NextEra Energy Resources (NEER): $207 million versus the two-analyst average estimate of $823.28 million.
- Operating Income (Loss)- Florida Power & Light (FPL): $1.71 billion compared to the $1.54 billion average estimate based on two analysts.
View all Key Company Metrics for NextEra here>>>Shares of NextEra have returned -23.6% over the past month versus the Zacks S&P 500 composite's -2.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.