Posted 1/16/2024, 10:50:18 PM
NextEra Energy Stock Drops Despite Resilient Performance This Year; Earnings Decline Forecasted but Positive Outlook Remains
- NextEra Energy (NEE) stock dropped 1.13% despite smaller drops in broader markets like the S&P 500 and Dow
- NEE stock is up 0.07% over the past month, exceeding the Utilities sector's 3.8% loss
- NEE is predicted to post a 3.92% decline in EPS and 0.2% drop in revenue in its next quarterly report on January 25th
- Positive estimate revisions are a good sign for NEE's business outlook and linked to future stock price gains
- NEE trades at premium valuations compared to its industry average based on Forward P/E and PEG ratios