Earnings Outlook For NextEra Energy Partners
Portfolio Pulse from Benzinga Insights
NextEra Energy Partners (NYSE:NEP) is scheduled to release its quarterly earnings report on Thursday, 2024-01-25. Analysts predict an EPS of $0.16. Investors are looking for an earnings beat and positive guidance for future growth. In the past, NEP has had mixed earnings performance, with both beats and misses. The stock price has reacted variably to past earnings, with changes ranging from a 6.33% drop to a 2.3% rise the following day. Currently, NEP shares are trading at $27.85, down 61.59% over the last 52 weeks, indicating dissatisfaction among long-term shareholders.
January 24, 2024 | 3:01 pm
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NEUTRAL IMPACT
NextEra Energy Partners is expected to report an EPS of $0.16 in its upcoming earnings. Historical data shows stock price sensitivity to earnings performance and guidance. Shares have significantly declined over the past year.
The short-term impact on NEP's stock price will depend on whether the company meets or exceeds the earnings estimate and provides positive future guidance. Historical performance shows that the stock is reactive to earnings results and guidance, but given the recent significant decline in share price, investor sentiment may already be low. The score is neutral due to the uncertainty of the earnings outcome and its subsequent effect.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100