NextEra Energy (NEE) Beats On Q2 Earnings, Keeps '17 View
Zacks Investment Research | Jul 25, 2017 10:49PM ET
NextEra Energy, Inc. (NYSE:NEE) reported second-quarter 2017 adjusted earnings of $1.86 per share, beating the Zacks Consensus Estimate of $1.76 by 5.7%. Reported earnings were also up by 11.4% year over year.
The year-over-year growth in earnings was primarily due to solid contribution from both Florida Power & Light Company and NextEra Energy Resources segments.
On a GAAP basis, NextEra Energy recorded second-quarter earnings of $1.68 per share, up from $1.16 a year ago. The variance between GAAP and adjusted earnings was primarily due to loss of 32 cents from the non-qualifying hedges and merger related expenses of a penny. The loss was offset by a one-time gain of 14 cents from income tax expenses and income of one penny from Spanish solar projects.
Total Revenue
In the second quarter, NextEra Energy’s operating revenues were $4,404 million, surpassing the Zacks Consensus Estimate of $4,353 million by nearly 1.2%. Reported revenues also improved 15.4% from $3,817 million a year ago.
NextEra Energy, Inc. Price, Consensus and EPS Surprise
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