What to Expect from NRG Energy's Earnings

NRG Energy (NYSE:NRG) is set to give its latest quarterly earnings report on Friday, 2024-11-08. Here's what investors need to know before the announcement.

Analysts estimate that NRG Energy will report an earnings per share (EPS) of $2.22.

NRG Energy bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Performance in Previous Earnings

In the previous earnings release, the company beat EPS by $1.78, leading to a 2.98% increase in the share price the following trading session.

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

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

1.59

0.88

3.01

4.04

EPS Actual

3.37

2.31

2.02

1.41

Price Change %

3.0%

3.0%

1.0%

-0.0%

Market Performance of NRG Energy's Stock

Shares of NRG Energy were trading at $92.39 as of November 06. Over the last 52-week period, shares are up 111.24%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.

Analysts' Perspectives on NRG Energy

Understanding market sentiments and expectations within the industry is crucial for investors. This analysis ...