![]() ![]() This indicates a premium in contrast to its industry's Forward P/E of 14.88. Valuation is also important, so investors should note that NextEra Energy has a Forward P/E ratio of 17.4 right now. NextEra Energy currently has a Zacks Rank of #3 (Hold). The Zacks Consensus EPS estimate has moved 0.05% lower within the past month. The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Our system takes these estimate changes into account and delivers a clear, actionable rating model. We developed the Zacks Rank to capitalize on this phenomenon. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.īased on our research, we believe these estimate revisions are directly related to near-team stock moves. Recent revisions tend to reflect the latest near-term business trends. ![]() ![]() Investors might also notice recent changes to analyst estimates for NextEra Energy. Meanwhile, our latest consensus estimate is calling for revenue of $7.41 billion, up 10.36% from the prior-year quarter.įor the annual period, the Zacks Consensus Estimates anticipate earnings of $3.11 per share and a revenue of $27.63 billion, signifying shifts of +7.24% and +31.83%, respectively, from the last year. The company's earnings per share (EPS) are projected to be $0.89, reflecting a 4.71% increase from the same quarter last year. The company is slated to reveal its earnings on October 24, 2023. The investment community will be paying close attention to the earnings performance of NextEra Energy in its upcoming release. This has lagged the Utilities sector's loss of 10.71% and the S&P 500's loss of 1.57% in that time. Prior to today's trading, shares of the parent company of Florida Power & Light Co. Meanwhile, the Dow lost 0.98%, and the Nasdaq, a tech-heavy index, lost 1.62%. This change lagged the S&P 500's daily loss of 1.34%. NextEra Energy (NEE) ended the recent trading session at $53.24, demonstrating a -1.72% swing from the preceding day's closing price. ![]()
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