NextEra Energy Q2 2024 Adj EPS $0.96 Misses $0.98 Estimate, Sales $6.069B Miss $7.470B Estimate
Portfolio Pulse from Benzinga Newsdesk
NextEra Energy (NYSE:NEE) reported Q2 2024 earnings of $0.96 per share, missing the analyst estimate of $0.98. Sales were $6.069 billion, also missing the $7.470 billion estimate. Despite the misses, EPS increased by 9.09% year-over-year, while sales decreased by 17.42%.
July 24, 2024 | 11:36 am
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NextEra Energy reported Q2 2024 earnings of $0.96 per share, missing the analyst estimate of $0.98. Sales were $6.069 billion, also missing the $7.470 billion estimate. Despite the misses, EPS increased by 9.09% year-over-year, while sales decreased by 17.42%.
NextEra Energy's Q2 2024 earnings and sales both missed analyst estimates, which is likely to negatively impact the stock price in the short term. The earnings miss was slight, but the significant sales miss and year-over-year sales decline are concerning.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100