NextEra Energy

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We lower our 12-month target by $8 to $64, 18.8x our 2024 EPS estimate (down $0.01 to $3.40; 2023 estimate remains $3.12), a premium to peers based on higher earnings and dividend growth potential, though a discount to NEE’s 10-year average of 21.8x given challenges for renewables developers in the higher interest rate environment. Despite somewhat weaker three-year consensus EPS growth expectations (closer to 8% CAGR vs. 9% previously), we think today’s price action (shares up about 5%) reflects NEE’s decision to leave overall guidance unchanged despite the recent announcement of a lower distribution growth trajectory for NextEra Energy Partners (NEP 26 NR), which falls under the NEER subsidiary. NEE reported Q3 EPS of $0.94 vs. $0.85, $0.06 above consensus as returns on capital investments offset higher […]

NextEra Energy (NYSE:NEE) reported quarterly adjusted earnings of $0.94 per share which beat the analyst consensus estimate of $0.88 by 6.82 percent. This is a 10.59 percent increase over earnings of $0.85 per share from the same period last year. The company reported quarterly sales of $7.17 billion which beat the analyst consensus estimate of $7.09 billion by 1.16 percent. This is a 6.74 percent increase over sales of $6.72 billion the same period last year.

NextEra Energy (NYSE:NEE) reported quarterly earnings of $0.88 per share which beat the analyst consensus estimate of $0.82 by 7.32 percent. This is a 8.64 percent increase over earnings of $0.81 per share from the same period last year. The company reported quarterly sales of $7.35 billion which beat the analyst consensus estimate of $6.23 billion by 17.96 percent. This is a 41.79 percent increase over sales of $5.18 billion the same period last year.