- NextEra Energy reported third-quarter adjusted earnings per share (EPS) of $1.03, surpassing the estimate of 98 cents and up from 94 cents year-over-year.
- The Florida Power & Light (FPL) segment recorded an adjusted EPS of 63 cents, below the estimated 71 cents.
- NextEra Energy Resources (NEER) reported an adjusted EPS of 47 cents, exceeding the estimate of 42 cents.
- Overall EPS was 90 cents, an increase from the previous yearβs 60 cents.
- Operating revenue was $7.57 billion, which did not meet the estimated $7.9 billion.
- FPL segmentβs operating revenue was $4.94 billion, missing the estimate of $5.7 billion.
- NEER reported operating revenue of $2.59 billion, falling short of the $2.78 billion estimate.
- Corporate and other segments had operating revenue of $43 million, surpassing the estimate of $15.6 million.
- The company maintains its forecast for adjusted EPS between $3.23 and $3.43 for the year, aligning closely with the estimate of $3.41.
- Analyst recommendations for the company include 16 buys, 7 holds, and 2 sells.
Nextera Energy on Smartkarma
Analysts on Smartkarma have recently provided insightful coverage on NextEra Energy. Baptista Research‘s report, “NextEra Energy Inc.: Initiation of Coverage – A Blend of Stability and Growth in Renewable Energy! – Major Drivers,” highlights the company’s strong financial results driven by demand growth and strategic expansion. NextEra Energy reported an 8.3% year-over-year increase in adjusted earnings per share, with its Florida Power & Light Company and Energy Resources segments performing well.
Meanwhile, analyst Joe Jasper discussed market trends in his report, “Shifting Exposure From Growth to Value; Downgrading Technology; Upgrades: Manufacturing & Utilities.” The report suggests shifting exposure from tech to value, with upgrades for the manufacturing and utilities sectors. Jasper also discusses key support levels on the S&P 500, highlighting potential limited downside from current levels amidst market consolidation. This diverse analyst coverage provides valuable insights for investors considering NextEra Energy.
A look at Nextera Energy Smart Scores
Factor | Score | Magnitude |
---|---|---|
Value | 3 | |
Dividend | 3 | |
Growth | 4 | |
Resilience | 2 | |
Momentum | 5 | |
OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
NextEra Energy, a company that focuses on sustainable energy generation and distribution, has received a mixed outlook based on the Smartkarma Smart Scores. While the company scores well in factors like Growth and Momentum, with a score of 4 and 5 respectively, it lags in terms of Resilience, scoring a 2. The Value and Dividend scores both stand at 3. This indicates that NextEra Energy is poised for strong growth and has positive market momentum, but may face challenges in terms of resilience.
Overall, NextEra Energy’s future appears promising based on the Smartkarma Smart Scores. The company’s emphasis on sustainable energy generation through wind, solar, and natural gas, along with its operation of commercial nuclear power units through subsidiaries, positions it well for long-term growth. Investors may find NextEra Energy attractive for its potential growth prospects, despite the need to carefully consider its resilience in the face of market fluctuations.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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