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NextEra Energy (NYSE:NEE) is scheduled to announce Q4 earnings results on Wednesday, January 25, before market open.
Consensus EPS estimate is $0.49 (+19.5% Y/Y) and consensus revenue estimate is $6.81B (+34.9% Y/Y).
Over the last 2 years, NEE has beaten EPS estimates 100% of the time and revenue estimates 25% of the time.
Over the last 3 months, EPS estimates have seen 0 upward revisions and 8 downward. Revenue estimates have seen 1 upward revision and 3 downward.
UBS views NextEra (NEE) as one of the best positioned utilities in the U.S. due to its solid earnings growth and best-in-class operations.
NextEra (NEE) stock rose after the firm’s Q3 results beat expectations. It also said it will acquire a portfolio of landfill gas-to-electric facilities from Energy Power Partners for $1.1B, which will allow it to become a producer of renewable natural gas.
NextEra (NEE) plans to build the first landfill renewable natural gas production facility in Alabama. The project will interconnect with a pipeline owned by Southeast Gas, the area’s top utility.
The firm’s largest unit Florida Power & Light is seeking approval for recovering $1.3B of costs related to Hurricane Ian and Hurricane Nicole from customers.
Shares of NextEra (NEE) rose 3.1% in the last six months, outperforming the S&P 500 and Dow Jones Utility Average indices.
SA contributor Bashar Issa believes NextEra (NEE) is a top defensive pick for 2023 as it boasts a diversified portfolio of electric generation assets that provide stable and predictable cash flows over the long term.
