NextEra Energy's Shares Surge After Q3 Results Surpasses Estimates
Portfolio Pulse from Akanksha Bakshi
NextEra Energy Inc (NYSE:NEE) reported a 6.7% YoY increase in Q3 FY23 revenue to $7.17 billion, surpassing the estimate of $7.09 billion. Adjusted EPS of $0.94 also beat the consensus of $0.88. However, operating income declined 1.4% YoY to $1.84 billion. The company's Florida Power & Light Company net income was $1.18 million, up from $1.07 million in Q3 2022. Next Energy Resources' adjusted earnings grew ~21% YoY, driven by new renewable investments. The company's FY23 outlook remains unchanged, and it expects to grow its dividends per share at a roughly 10% rate per year through at least 2024.
October 24, 2023 | 5:17 pm
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NextEra Energy's Q3 FY23 results surpassed estimates, with revenue and adjusted EPS both beating expectations. The company's outlook for FY23 remains unchanged, and it plans to grow dividends per share at a 10% rate per year through 2024.
NextEra Energy's Q3 FY23 results surpassed estimates, which is a positive signal for investors and could lead to a short-term increase in the company's stock price. The company's unchanged outlook for FY23 and plans for dividend growth also provide a positive outlook for the company's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100