NextEra Energy Stock Dips Despite Broader Market Gains; Still Up Over Past Month With Earnings on Deck
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NextEra Energy (NEE) stock dropped 0.4% despite market gains. The S&P 500, Dow, and Nasdaq all saw gains.
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Prior to the drop, NEE stock had gained 4.12% over the past month, outpacing utilities and the S&P 500.
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NEE is forecasted to post flat Q4 EPS of $0.51 on 0.14% higher revenue of $6.17 billion.
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Full-year estimates call for 7.59% EPS growth to $3.12 and 31.32% revenue growth to $27.52 billion.
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NEE has a Zacks Rank #2 (Buy) and a Forward P/E of 19.18, a premium to the utility industry's 15.73 average P/E.