NextEra Energy, Inc. (NYSE:NEE) electric energy provider, is expected to report third quarter earnings results, before market open, on Wednesday 21st October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 2.58 per share.
Looking ahead, the full year income are expected at $ 9.13 per share on the revenues of $ 19961.50 million.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 2.18 ~ $ 2.30 per share
Click Here For More Historical Outlooks Of NextEra Energy, Inc.
Previous Quarter Performance
NextEra Energy, Inc. recorded income for the second quarter of $ 2.61 per share, from the revenue of $ 4,204.00 million. The quarterly earnings expanded 11.06 percent while revenues reduced 8.48 percent compared with the same quarter last year.
Wall street analysts are predicting, NEE to report 2Q20 income of $ 2.51 per share from revenue of $ 5168.46 million. The bottom line results beat street analysts by $ 0.1 or 3.98 percent, at the same time, top line results fell short of analysts by $ 964.46 million or 18.66 percent.
Stock Performance
Shares of NextEra Energy, Inc. traded up $ 1.43 or 0.48 percent on Tuesday, reaching $ 300.98 with volume of 1.10 million shares. NextEra Energy, Inc. has traded high as $ 304.10 and has cracked $ 299.42 on the downward trend
The closing price of $ 300.98, representing a 71.37 % increase from the 52 week low of $ 174.80 and a 2.76 % decrease over the 52 week high of $ 308.06.
The company has a market capital of $ 147.37 billion and is part of the Utilities sector and Utilities – Regulated Electric industry.
Recent Analyst recommendations
- On 19th October 2020, maintained by Credit Suisse Group at Neutral rating, with $ 69.00 target price.
- On 6th October 2020, maintained by Wells Fargo & Co at Overweight rating, with $ 340.00 target price.
- On 5th October 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 250.00 target price.
- On 22nd September 2020, initiated by Seaport Global Securities at Buy rating, with $ 299.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 1.40 per share on July 30, 2020. The dividend were payable on September 15, 2020 to holders of record as of the close of business on August 28, 2020 and ex-dividend date on August 27, 2020.
Conference Call
NextEra Energy, Inc. will be hosting a conference call at 9:00 AM eastern time on 21st October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.nexteraenergy.com
NextEra Energy, Inc., through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear, and natural gas-fired facilities. It also develops, constructs, and operates long-term contracted assets with a focus on renewable generation facilities, natural gas pipelines, and battery storage projects; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.
