Insights into NextEra Energy's Upcoming Earnings
Portfolio Pulse from Benzinga Insights
NextEra Energy (NYSE:NEE) is set to release its quarterly earnings on October 23, 2024. Analysts expect an EPS of $0.95. The company's past performance shows mixed results, with a recent EPS miss leading to a share price drop. Analysts rate NEE as 'Outperform' with a price target of $86.82, indicating a potential 3.32% upside. The company's revenue growth is declining, but it maintains strong net margins and ROE. Investors should watch for guidance updates, as they can significantly impact stock prices.
October 22, 2024 | 5:01 pm
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NextEra Energy is expected to report an EPS of $0.95. The company's past performance shows mixed results, with a recent EPS miss leading to a share price drop. Analysts rate NEE as 'Outperform' with a price target of $86.82, indicating a potential 3.32% upside. Investors should focus on the guidance provided during the earnings release, as it can significantly impact stock prices.
The upcoming earnings report for NextEra Energy is crucial as it will reveal whether the company meets or exceeds the expected EPS of $0.95. The company's past performance has shown that missing EPS estimates can lead to a drop in share price. However, the current analyst rating of 'Outperform' and a price target suggesting a 3.32% upside indicate positive sentiment. The guidance provided during the earnings release will be a key factor in determining short-term stock price movements.
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