NextEra Energy Reaffirms FY2024 Adj EPS Guidance of $3.23-3.43 vs $3.40 Est
Portfolio Pulse from Benzinga Newsdesk
NextEra Energy has reaffirmed its adjusted EPS guidance for FY2024 at $3.23-3.43, aligning with the $3.40 estimate. The company also projects a 6-8% growth in adjusted EPS for 2025 and 2026, with expected ranges of $3.45-3.70 and $3.63-4.00, respectively. Additionally, NextEra Energy anticipates a 10% annual growth in dividends per share through at least 2024, based on the 2022 dividend figures.
January 25, 2024 | 12:35 pm
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POSITIVE IMPACT
NextEra Energy reaffirms its FY2024 adjusted EPS guidance, which is consistent with analyst estimates, and projects steady growth in EPS and dividends for the following years.
Reaffirming guidance often provides reassurance to investors, suggesting stability and confidence in the company's financial outlook. The alignment with analyst estimates may prevent significant stock price volatility. The commitment to dividend growth is likely to be positively received by income-focused investors, potentially leading to increased demand for NEE shares in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100