Posted 4/3/2024, 9:50:20 PM
NextEra Energy Stock Dips Ahead of Earnings Despite Market Gains, But Strong Growth Expected
- NextEra Energy (NEE) stock dropped 0.52% despite market gains as investors look ahead to upcoming earnings report
- NEE expected to report lower EPS of $0.75 and revenue of $6.38 billion compared to last year
- For full year, estimates project earnings growth of 8.52% and revenue growth of 1.21%
- Recent estimate revisions indicate analysts' optimism towards NEE's business operations and profitability
- At current levels, NEE stock trades at a premium to industry average based on forward P/E ratio of 18.27 and PEG ratio of 2.23