NextEra Energy, Inc. (NYSE:NEE) is trading up 18.17% versus 12-month low of 100.35 and stands -8.83% lower from its 1-year peak of $130.06. The consensus price target (PT) of $136.67 means that the market expects Company shares to increase by 15.5% in the short run. The sell-side target prices range from $130 to $151. In the last month the stock has moved in price 1.46%, with a one year change of 15.68%. The last trading session volume compares with the 2.50M average and market worth floats around 55.57B.
NextEra Energy, Inc. (NYSE:NEE) gained 0.19% to reach at the trading price of $118.58 as it is set to release its next quarterly earnings report on January 31, 2017. NextEra Energy, Inc. stock trades in the range of $117.33 to $118.71 before the earnings release. Let’s take a closer look at the current earnings forecast, particularly the things traders should pay close attention to. Earnings per share for the recently concluded quarter is expected to come in at $1.3 a share with $4.64B in revenue.
NextEra Energy, Inc. (NEE) Future Earnings & History
After upcoming fiscal quarter results, all eyes will be on the prospects for the next reporting quarter. Analysts, on average, forecast NextEra Energy, Inc. to earn $1.39 per share (EPS) on revenue of $4.04B. The EPS consensus range is $1.18-$1.65 on revenue between $4.23B and $3.92B.
While if we look at the Earnings Track Record, NextEra Energy, Inc. (NEE) managed to surpass quarterly earnings per share estimates in 8 of the trailing twelve fiscal quarters, and has a positive trend with an average surprise of 66%. Last time the company reported, NextEra Energy, Inc. (NEE) generated $1.74 in earnings per share, beating the consensus estimate of $1.67. Revenues hit $4.81B in the September 2017 quarter, which was below the consensus $4.84B projection. On the other hand, in the June 2017 quarter the company recorded a net $3.82B revenue with earnings per share of $1.67. Wall Street had anticipated $4.33B and $1.57, respectively. For comparison, there was a revenue of $3.84B and EPS of $1.55 in the March 2016 period.
NextEra Energy, Inc. (NYSE:NEE) Analyst Insights
The buoyancy in the outlook of NextEra Energy, Inc. (NEE) is getting stronger by the somewhat negative sentiment (1.80 on a 5-point scale) that sell-side analysts have provided concerning it. Brokerage firms on the average advocate the company shares as Buy. Robert W. Baird has been covering shares of NEE, so it is most recent view is worth a look. In a research note issued on Apr 05, 2016, analysts at downgraded the stock to Neutral from Outperform. Another noteworthy analyst activity was recorded on Jan 29, 2016. Robert W. Baird Analysts lifted the stock to Outperform from Neutral.