Categories: Business

NextEra Vitality Q3 earnings preview: All eyes on outlook after Hurricane Ian affect

[ad_1]

NextEra Vitality (NYSE:NEE) is scheduled to announce Q3 outcomes on Friday, Oct. 28, earlier than market open.

Consensus EPS estimate is $0.80 (+6.7% Y/Y) and consensus income estimate is $5.77B (+32% Y/Y).

Over the past 2 years, NEE has crushed EPS estimates 100% of the time and income estimates 13% of the time.

Over the past 3 months, EPS estimates have seen 5 upward revisions and a pair of downward. Income estimates have seen 5 upward revisions and a pair of downward.

NextEra (NEE) shares had been flat after the agency reported combined Q2 outcomes and reaffirmed its FY adj. earnings steerage.

Buyers will look out for steerage after the affect of Hurricane Ian on NextEra’s (NEE) unit Florida Energy & Gentle’s operations.

FPL restored energy to most houses and companies in its territory that misplaced service within the aftermath of the hurricane. There was no important structural harm at any of its energy crops.

NextEra (NEE) inventory fell after the agency stated it plans to promote $2B of fairness items.

Analyst views:

  • Morgan Stanley upgraded NextEra (NEE), seeing the utility as one of many prime beneficiaries of the Inflation Discount Act.
  • Wells Fargo stated the invoice is optimistic for clear power companies together with NextEra (NEE), which might capitalize on the standalone battery funding tax credit score and clear hydrogen premium tax credit score.
  • Seaport World downgraded NextEra (NEE), saying it has “grown uncomfortable” with the agency attributable to rising scrutiny of the FPL unit’s lobbying practices.

SA contributor Excessive Yield Investor charges NextEra (NEE) Maintain as it could solely look fascinating to buyers who need minimal danger and favor progress.

Shares of NextEra (NEE) declined 17% YTD, underperforming the S&P 500 Utilities index by a large margin.

[ad_2]
Source link
admin

Recent Posts

Top rated Strategies for bwinbet365 Sports Wagering Success

Welcome to the powerful world of sports betting! Whether or not you're just starting or…

1 day ago

Motivational Christmas Sayings for the Period

Hey there, festive folks! It is actually that time of year again when the atmosphere…

4 days ago

The best way to Design Effective Custom IDENTITY Cards

Before we begin the design process, why don't we discuss why custom identity cards are…

4 days ago

Tips on how to Manage Entrance Exam Pressure

Hey there! Are you feeling a little bit overwhelmed with the entrance assessments coming up?…

4 days ago

Top Strategies for Winning at Slot Games

Hey there, fellow slot enthusiast! If you're reading this, chances are you're looking to level…

4 days ago

Typically the Growing Demand for Digital Marketing savvy

Hey there! If you've been considering diving into digital advertising, you're onto something significant. The…

4 days ago