| Will NextEra's (NEE) Organic Growth Drive Q1 Earnings Beat? - Analyst Blog | |
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Electric utility giant, NextEra Energy, Inc. NEE is expected to beat expectations when it reports first-quarter 2015 earnings results before the opening bell on Apr 29.
However, last quarter this Juno Beach, FL-based company had posted a 0.96% negative surprise. Let’s see how things are shaping up for this announcement.
What is Driving the Better-than-Expected Earnings?
NextEra Energy could clinch an earnings beat this season driven by organic growth and favorable economic factors.
In 2014, the company brought into service the Riviera Beach Clean Energy Center ahead of schedule adding nearly 1,250 megawatt (“MW”) of generation capacity to its already robust portfolio.
New meter connection, in 2014, spiked 20% year over year reaching almost 47,000 additions. Known for its use of clean energy, NextEra installed 1,364 MW of new wind and 265 MW of new solar last year.
As for economic factors, the ongoing improvement in the Florida economy, resulting in a declining unemployment rate and increasing housing permits, has spurred demand for utility services. This is sure to boost the prospects of NextEra.
Why a Likely Positive Surprise?
Our proven model shows that NextEra Energy is likely to beat earnings because it has the right combination of two key ingredients.
Positive Zacks ESP: Earnings ESP, which represents the difference between the Most Accurate estimate and the Zacks Consensus Estimate, is at +2.34%. This is because the Most Accurate estimate of $1.31 per share is higher than the Zacks Consensus Estimate of $1.28. This is a meaningful and leading indicator of a likely positive earnings surprise for the shares.
Zacks Rank: NextEra is currently carrying a Zacks Rank #2 (Buy). The combination of NextEra Energy’s Zacks Rank #2 and +2.34% ESP makes us positive of an earnings beat this season.
The Sell-rated stocks (#4 and 5) should never be considered going into an earnings announcement.
Other Stocks to Consider
NextEra Energy is not the only stock looking up this earnings season. We also see likely earnings beats coming from these three industry peers.
Wisconsin Energy Corp. WEC has an earnings ESP of +2.44% and a Zacks Rank #2.
Pepco Holdings, Inc. POM has an earnings ESP of +14.82% and a Zacks Rank #3 (Hold).
PG&E Corporation PCG has an earnings ESP of +17.39% and a Zacks Rank #3. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report WISC ENERGY CP (WEC): Free Stock Analysis Report PEPCO HLDGS (POM): Free Stock Analysis Report NEXTERA ENERGY (NEE): Free Stock Analysis Report PG&E CORP (PCG): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
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Clean Energy Fuels
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CODE : CLNE |
ISIN : US1844991018 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Clean Energy is based in United states of america. Clean Energy is listed in Germany and in United States of America. Its market capitalisation is US$ 450.2 millions as of today (€ 403.3 millions). Its stock quote reached its highest recent level on September 05, 2014 at US$ 9.99, and its lowest recent point on March 13, 2020 at US$ 1.05. Clean Energy has 151 085 558 shares outstanding. |