NextEra Energy Reaffirms Adj. EPS Outlook: FY23 $2.98 - $3.13 Vs. $3.11 Estimate, FY24 $3.23 - $3.43 Vs. $3.40 Estimate
Portfolio Pulse from Benzinga Newsdesk
NextEra Energy has reaffirmed its adjusted EPS outlook for FY23 and FY24, with ranges of $2.98 to $3.13 and $3.23 to $3.43 respectively. The company also expects to grow 6% to 8% off the 2024 adjusted EPS range for 2025 and 2026. Additionally, NextEra plans to grow its dividends per share at a roughly 10% rate per year through at least 2024.

July 25, 2023 | 11:37 am
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POSITIVE IMPACT
NextEra Energy's reaffirmed EPS outlook and dividend growth plan could potentially boost investor confidence and positively impact the company's stock price.
Reaffirming the EPS outlook indicates that the company is confident in its financial performance, which can positively influence investor sentiment. Additionally, the plan to grow dividends per share at a 10% rate per year through at least 2024 could attract income-focused investors, potentially driving the stock price up.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100