NextEra Power (NEE) reported $7.57 billion in income for the quarter ended September 2024, representing a year-over-year improve of 5.5%. EPS of $1.03 for a similar interval compares to $0.94 a yr in the past.
The reported income compares to the Zacks Consensus Estimate of $8.46 billion, representing a shock of -10.53%. The corporate delivered an EPS shock of +5.10%, with the consensus EPS estimate being $0.98.
Whereas buyers scrutinize income and earnings modifications year-over-year and the way they examine with Wall Avenue expectations to find out their subsequent transfer, some key metrics all the time provide a extra correct image of an organization’s monetary well being.
As these metrics affect top- and bottom-line efficiency, evaluating them to the year-ago numbers and what analysts estimated helps buyers mission a inventory’s value efficiency extra precisely.
Right here is how NextEra carried out within the simply reported quarter when it comes to the metrics most generally monitored and projected by Wall Avenue analysts:
- Working Revenues- Florida Energy & Mild (FPL): $4.94 billion in comparison with the $5.55 billion common estimate primarily based on three analysts. The reported quantity represents a change of -9.8% yr over yr.
- Working Revenues- NextEra Power Sources (NEER): $2.59 billion versus $2.79 billion estimated by two analysts on common. In comparison with the year-ago quarter, this quantity represents a +54.9% change.
- Working Earnings (Loss)- Florida Energy & Mild (FPL): $1.83 billion versus $1.75 billion estimated by two analysts on common.
- Working Earnings (Loss)- Company & Different: -$75 million in comparison with the -$41 million common estimate primarily based on two analysts.
- Working Earnings (Loss)- NextEra Power Sources (NEER): $1.10 billion versus the two-analyst common estimate of $1.09 billion.
View all Key Company Metrics for NextEra here>>>
Shares of NextEra have returned -0.7% over the previous month versus the Zacks S&P 500 composite’s +2.7% change. The inventory at the moment has a Zacks Rank #3 (Maintain), indicating that it may carry out in keeping with the broader market within the close to time period.
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NextEra Energy, Inc. (NEE) : Free Stock Analysis Report
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