NextEra Energy Q3 2024 Adj. EPS $1.03 Beats $0.98 Estimate, Sales $7.567B Miss $8.054B Estimate
Portfolio Pulse from Benzinga Newsdesk
NextEra Energy reported Q3 2024 earnings per share of $1.03, beating estimates of $0.98, marking a 9.57% increase from last year. However, sales were $7.567 billion, missing the $8.054 billion estimate, though up 5.51% from last year.
October 23, 2024 | 11:31 am
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NEUTRAL IMPACT
NextEra Energy's Q3 2024 earnings per share exceeded expectations, but sales fell short of estimates. The EPS of $1.03 surpassed the $0.98 estimate, showing strong profitability growth. However, sales of $7.567 billion missed the $8.054 billion estimate, indicating potential challenges in revenue generation.
The positive EPS surprise suggests strong profitability, which is favorable for the stock. However, the sales miss indicates potential revenue challenges, balancing the overall impact. Investors may view the results as mixed, leading to a neutral short-term stock price impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100