An Overview of NextEra Energy Partners's Earnings

NextEra Energy Partners (NYSE:NEP) is gearing up to announce its quarterly earnings on Wednesday, 2024-10-23. Here's a quick overview of what investors should know before the release.

Analysts are estimating that NextEra Energy Partners will report an earnings per share (EPS) of $0.55.

Anticipation surrounds NextEra Energy Partners's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.

New investors should understand that while earnings performance is important, market reactions are often driven by guidance.

Performance in Previous Earnings

During the last quarter, the company reported an EPS beat by $0.01, leading to a 5.64% drop in the share price on the subsequent day.

Here's a look at NextEra Energy Partners's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.65

0.30

0.16

0.45

EPS Actual

0.66

0.75

-0.35

0.57

Price Change %

-6.0%

3.0%

-1.0%

1.0%

Market Performance of NextEra Energy Partners's Stock

Shares of NextEra Energy Partners were trading at $25.24 as of October 21. Over the last 52-week period, shares are down 3.39%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release.

Analyst Opinions on NextEra Energy Partners

Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on NextEra Energy Partners.

The consensus rating for NextEra Energy Partners is Underperform, based on 7 analyst ...