NextEra Energy Partners Q3 2024 GAAP EPS $(0.43) Misses $0.62 Estimate, Sales $319.000M Miss $348.000M Estimate
Portfolio Pulse from Benzinga Newsdesk
NextEra Energy Partners reported a significant earnings miss for Q3 2024, with a GAAP EPS of $(0.43) compared to the expected $0.62. Sales also fell short of expectations, coming in at $319 million versus the $348 million estimate.
October 23, 2024 | 11:36 am
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NEGATIVE IMPACT
NextEra Energy Partners reported a Q3 2024 GAAP EPS of $(0.43), missing the $0.62 estimate by a wide margin. Sales were $319 million, below the $348 million estimate. This represents a significant earnings miss and a slight sales increase from last year.
The significant miss on both EPS and sales estimates is likely to negatively impact NEP's stock price in the short term. The earnings per share were substantially lower than expected, and sales also fell short, indicating potential operational challenges or market conditions affecting performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100