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NRG Energy (NRG) Misses Q2 Earnings and Revenue Estimates
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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 second quarter Zacks Consensus Estimate stands at an EPS of 3 cents.
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 2.83%.
Zacks Rank: Currently, NRG Energy has a Zacks Rank#3 (Hold) but that could change following its second quarter 2016 earnings report which has just released. We have highlighted some of the key details from the just-released announcement below:
Earnings: NRG Energy’s bottom line lagged our expectation. Our consensus called for an EPS of 3 cents, and the company reported an adjusted loss of 4 cents. If we take into consideration all one-time charges for the quarter, the company reported a loss of 61 cents.
Revenue: The Company missed the revenue estimates. NRG Energy posted revenues of $2,638 million in the quarter, compared to our consensus estimate of $3,453 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) Misses Q2 Earnings and Revenue Estimates
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 second quarter Zacks Consensus Estimate stands at an EPS of 3 cents.
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 2.83%.
Zacks Rank: Currently, NRG Energy has a Zacks Rank#3 (Hold) but that could change following its second quarter 2016 earnings report which has just released. We have highlighted some of the key details from the just-released announcement below:
Earnings: NRG Energy’s bottom line lagged our expectation. Our consensus called for an EPS of 3 cents, and the company reported an adjusted loss of 4 cents. If we take into consideration all one-time charges for the quarter, the company reported a loss of 61 cents.
NRG ENERGY INC Price and EPS Surprise
NRG ENERGY INC Price and EPS Surprise | NRG ENERGY INC Quote
Revenue: The Company missed the revenue estimates. NRG Energy posted revenues of $2,638 million in the quarter, compared to our consensus estimate of $3,453 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!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>