Nextera Energy Inc NEE.N reported quarterly adjusted earnings of 91 cents per share for the quarter ended in March, higher than the same quarter last year, when the company reported EPS of 84 cents. The mean expectation of fourteen analysts for the quarter was for earnings of 78 cents per share. Wall Street expected results to range from 56 cents to 91 cents per share.
Revenue fell 14.7% to $5.73 billion from a year ago; analysts expected $6.15 billion.
Nextera Energy Inc's reported EPS for the quarter was $1.10.
The company reported quarterly income of $2.27 billion.
Nextera Energy Inc shares had risen by 2.2% this quarter and gained 7.5% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 2.3% in the last three months.
In the last 30 days, two analysts revised earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 17 "strong buy" or "buy," 5 "hold" and 1 "sell" or "strong sell."
The average consensus recommendation for the electric utilities peer group is also "buy"
Wall Street's median 12-month price target for Nextera Energy Inc is $70.00
This summary was machine generated from LSEG data April 23 at 01:31 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING |
ESTIMATE |
ACTUAL |
BEAT, MET, MISSED |
Mar. 31 2024 |
0.78 |
0.91 |
Beat |
Dec. 31 2023 |
0.49 |
0.52 |
Beat |
Sep. 30 2023 |
0.87 |
0.94 |
Beat |
Jun. 30 2023 |
0.82 |
0.88 |
Beat |