NextEra Energy Partners Q4 EPS From Continuing Operations $(0.35) Misses $0.16 Estimate, Sales $232.00M Miss $343.45M Estimate
Portfolio Pulse from Benzinga Newsdesk
NextEra Energy Partners (NEP) reported a Q4 loss of $(0.35) per share from continuing operations, significantly missing the analyst consensus estimate of $0.16 per share. This represents a decline from the $0.31 per share earnings in the same quarter of the previous year. Additionally, NEP's quarterly sales were $232.00 million, falling short of the consensus estimate of $343.45 million by 32.45%.
January 25, 2024 | 12:46 pm
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NextEra Energy Partners reported a significant miss in both EPS and sales for Q4, with a loss per share of $(0.35) compared to the expected $0.16 and sales of $232M versus the estimated $343.45M.
The substantial miss in both earnings per share and revenue compared to analyst expectations is likely to negatively impact investor sentiment and the stock price of NEP in the short term. The magnitude of the miss, especially in earnings per share, which is a key indicator of a company's profitability, suggests a bearish outlook for NEP's stock in the immediate aftermath of the report.
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RELEVANCE 100