NextEra (NEE) To Report Q4 Earnings: What's In The Offing?
Zacks Investment Research | Jan 21, 2020 09:17PM ET
NextEra Energy, Inc. (NYSE:NEE) is scheduled to release fourth-quarter 2019 earnings on Jan 24, 2020, before the market opens. This utility delivered a positive earnings surprise of 5.3% in the last reported quarter.
Notably, the company delivered average positive earnings surprise of 4.2% in the last four quarters.
Factors to Consider
NextEra’s fourth-quarter earnings are likely to have been negatively impacted by financing breakage impacts associated with several wind repowerings and Energy Resources’ share of costs associated with the acquisition of the outstanding Genesis debt. These factors are likely to adversely impact earnings in the to-be-reported quarter by 10-15 cents. The conversion of corporate units into equity shares in second-half 2019 resulted in increase in the company’s shares outstanding. This is likely to have diluted its bottom line.
NextEra Energy’s fourth-quarter earnings are expected to have benefited from ongoing customer addition at Florida Power & Light Company, and contribution from Gulf Power Company.
The Zacks Consensus Estimate for fourth-quarter earnings and revenues is pegged at $1.54 per share and $4.9 billion, respectively. The projected revenues and earnings per share indicate a year-over-year improvement of 6.8% and 3.4%, respectively, from the year-ago reported figures.
What Our Quantitative Model Predicts
Our proven model does not conclusively predict an earnings beat for NextEra this time around. A stock needs to have both a positive
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