NRG Energy Q2 EPS $1.25 Beats $1.07 Estimate, Sales $6.35B Beat $4.52B Estimate
Portfolio Pulse from Benzinga Newsdesk
NRG Energy reported Q2 earnings of $1.25 per share, beating the analyst consensus estimate of $1.07 by 16.82%. However, this is a 42.13% decrease from the same period last year. The company also reported quarterly sales of $6.35 billion, beating the estimate of $4.52 billion by 40.38%, but this is a 12.83% decrease from last year.
August 08, 2023 | 11:02 am
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NEUTRAL IMPACT
NRG Energy's Q2 earnings and sales beat estimates but are down from last year.
While NRG Energy beat Q2 earnings and sales estimates, the decreases from the same period last year could potentially offset any positive impact. The market's reaction will likely depend on whether investors focus more on the beat or the year-over-year decreases.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100