NextEra Energy Shares Drop 1.6% to $91.13 as Q1 EPS Seen Falling 10%
NextEra Energy shares closed at $91.13, down 1.59% and underperforming the S&P 500’s 0.57% loss, while monthly gains of 2.92% trailed the Utilities sector’s 6.74% advance. Analysts forecast Q1 EPS of $0.89 (-10.1% y/y) on $7.18 billion revenue (+14.9%), and the stock trades at a 23.1 forward P/E.
1. Share Price Performance
NextEra Energy closed at $91.13, down 1.59% from the prior session, underperforming the S&P 500’s 0.57% loss, the Dow’s 1.61% drop and the Nasdaq’s 0.26% decline. Over the past month, shares have gained 2.92%, trailing the Utilities sector’s 6.74% advance but outperforming the S&P 500’s 0.15% loss.
2. Upcoming Q1 Earnings Estimates
Analysts project Q1 EPS of $0.89, a 10.1% year-over-year decline, on revenue of $7.18 billion, up 14.9% from the prior-year quarter. Full-year consensus forecasts stand at $4.00 per share in earnings (+7.8%) and $31.46 billion in revenue (+14.8%).
3. Valuation and Analyst Ratings
The stock trades at a forward P/E of 23.12, compared with the Electric Power industry average of 19.1, implying a valuation premium. NextEra holds a Zacks Rank of #3 (Hold), with the consensus EPS estimate rising 0.04% over the past month.