NRG Energy (NRG) To Report Q4 Earnings: What's In Store?
Zacks Investment Research | Feb 25, 2018 09:57PM ET
NRG Energy, Inc. (NYSE:NRG) will report fourth-quarter 2017 results before the market opens on Mar 1. Last quarter, this company delivered a negative surprise of 33.7%. Let’s see how things are shaping up for this earnings season.
Factors to Consider
NRG Energy announced its ambitious transformation plan in July, which is aimed to save more than $1 billion through recurring cost cuts and margin improvements. In the first nine months of 2017, the cost savings were $92 million and the company is expected to save more during the fourth quarter.
The drop down of assets to NRG Yield and redemption of debts will help the company boost its performance. The Zacks Consensus Estimate for fourth-quarter revenues is pegged at $2,234 million, reflecting 26.7% sequential decline. Additionally, the Zacks Consensus Estimate for the bottom line is pegged at a loss of 8 cents.
NRG Energy, Inc. Price and EPS Surprise
Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.