NextEra Energy, Inc. (NYSE:NEE) is set to announce second quarter earning results on Friday 24th July 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, NEE to report 2Q20 income of $ 2.51 per share.
For the full year, analysts anticipate top line of $ 20111.40 million, while looking forward to income of $ 9.09 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 8.70 ~ $ 9.20 per share
Click Here For More Historical Outlooks Of NextEra Energy, Inc.
Previous Quarter Performance
NextEra Energy, Inc. outlined income for the first quarter of $ 2.38 per share, from the revenue of $ 4,613.00 million. The quarterly earnings enlarged 8.18 percent while revenues developed 13.20 percent compared with the same quarter last year.
The consensus estimates are income of $ 2.26 per share from $ 4849.27 million in revenue. The bottom line results beat street analysts by $ 0.12 or 5.31 percent, at the same time, top line results fell short of analysts by $ 236.27 million or 4.87 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of NEE was $ 280.97, representing a 60.74 % increase from the 52 week low of $ 174.80 and a 1.18 % decrease over the 52 week high of $ 284.33.
The company has a market capital of $ 137.52 billion and is part of the Utilities sector and Utilities – Regulated Electric industry.
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Recent Analyst recommendations
On 22nd June 2020, maintained by UBS Group at Buy rating, with $ 290.00 target price.
On 17th June 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 240.00 target price.
On 5th June 2020, maintained by UBS Group at Buy rating, with $ 296.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 1.40 per share on May 21, 2020. The dividend were payable on June 15, 2020 to holders of record as of the close of business on June 2, 2020 and ex-dividend date on June 1, 2020.
Conference Call
NextEra Energy, Inc. will be hosting a conference call at 9:00 AM eastern time on 24th July 2020, to discuss its 2Q20 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.
