- NextEra Energy maintains its full-year adjusted EPS forecast of $3.45 to $3.70, with estimates at $3.67.
- First-quarter adjusted EPS came in at 99 cents, beating the estimate of 97 cents.
- FPL segment’s adjusted EPS was 64 cents, surpassing the estimate of 62 cents.
- NEER’s adjusted EPS reached 44 cents, exceeding the estimate of 41 cents.
- Overall EPS for the quarter was 40 cents.
- Operating revenue for the quarter was $6.25 billion, falling short of the $6.76 billion estimate.
- FPL segment generated $4.00 billion in revenue, slightly above the $3.96 billion forecast.
- NEER segment reported $2.16 billion in revenue, below the anticipated $2.47 billion.
- Corporate and other segments’ operating revenue was $87 million, significantly higher than the $37 million estimate.
- NextEra Energy Resources expanded its project backlog by approximately 3.2 gigawatts during the first quarter.
- The company’s stock ratings include 16 buys, 7 holds, and 1 sell.
Nextera Energy on Smartkarma
Analyst coverage of NextEra Energy on Smartkarma highlights the positive outlook on the company’s future trajectory. Baptista Research‘s report titled “NextEra Energy: Why Renewables and Energy Storage Expansion Are Pivotal To Its Future Trajectory!” commends NextEra Energy for its strong financial and operational performance in fiscal year 2024. With an 8% increase in adjusted earnings per share to $3.43, NextEra Energy exceeded expectations, attributing its success to strategic investments and operational efficiencies that have driven consistent growth over the past two decades.
Furthermore, another report by Baptista Research titled “NextEra Energy: Renewables Expansion & Demand Tailwinds Driving Our Bullishness! – Major Drivers” showcases the company’s continued growth momentum. In the third quarter of 2024, NextEra Energy reported a notable 10% rise in adjusted earnings per share, fueled by robust performance at Florida Power & Light and Energy Resources. The company’s expansion in renewables and storage projects, with a significant backlog increase and strategic agreements with Fortune 50 companies, underscores its strategic positioning in the clean energy transition, reinforcing analysts’ bullish sentiment towards NextEra Energy.
A look at Nextera Energy Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
NextEra Energy, a company providing sustainable energy generation and distribution services, has received promising Smart Scores across various factors. With a solid outlook in Dividend, Growth, Resilience, and Momentum, NextEra Energy is positioned well for the long term. A strong dividend score of 4 indicates stability and potential returns for investors, while a growth score of 4 highlights the company’s potential for expansion and revenue increase. Additionally, a momentum score of 4 suggests positive market sentiment and investor interest. Although the value score is at 3, the overall outlook for NextEra Energy appears positive based on its Smart Scores.
NextEra Energy generates electricity using a combination of wind, solar, and natural gas, and it operates commercial nuclear power units through its subsidiaries. With a resilient score of 3, the company demonstrates its ability to withstand challenges and maintain operations effectively. As an industry leader in sustainable energy, NextEra Energy’s Smart Scores reflect a favorable long-term outlook, showcasing its financial health and growth potential in the evolving energy landscape.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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