NextEra Energy (NEE) Set to Announce Quarterly Earnings on Wednesday
NextEra Energy (NYSE:NEE) is scheduled to be issuing its quarterly earnings data before the market opens on Wednesday, July 24th. Analysts expect the company to announce earnings of $2.29 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.
NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $2.20 EPS for the quarter, topping analysts’ consensus estimates of $2.01 by $0.19. The firm had revenue of $4.08 billion during the quarter, compared to analysts’ expectations of $4.11 billion. NextEra Energy had a return on equity of 10.26% and a net margin of 17.13%. During the same quarter last year, the business posted $1.94 EPS. On average, analysts expect NextEra Energy to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.
NextEra Energy stock opened at $209.36 on Tuesday. The stock has a market cap of $99.75 billion, a PE ratio of 27.19, a PEG ratio of 3.11 and a beta of 0.26. The stock’s 50-day moving average is $206.60. NextEra Energy has a 52 week low of $164.25 and a 52 week high of $212.50. The company has a current ratio of 0.46, a quick ratio of 0.38 and a debt-to-equity ratio of 0.79.
NEE has been the subject of a number of recent research reports. Wells Fargo & Co lifted their price objective on Twitter from $33.00 to $40.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 24th. KeyCorp initiated coverage on Southern in a research report on Tuesday, June 4th. They set a “sector weight” rating for the company. Morgan Stanley reiterated a “hold” rating on shares of PG&E in a research report on Friday, June 21st. Barclays reiterated a “top pick” rating and set a GBX 3,250 ($42.47) price objective on shares of in a research report on Wednesday, June 19th. Finally, Guggenheim lowered their price target on Kroger from $31.00 to $26.00 in a report on Monday, June 24th. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $208.14.
About NextEra Energy
NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.
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