What's In Store For NextEra Energy Partners (NEP) Q2 Earnings?
Zacks Investment Research | Jul 18, 2019 09:34PM ET
NextEra Energy (NYSE:NEE) Partners, LP (NYSE:NEP) is set to release second-quarter 2019 on Jul 24, before market open. In the last four quarters, the company reported average negative earnings surprise of 32.99 %.
Let’s see how things are shaping up prior to the upcoming results.
Here's What Could Drive Results
NextEra Energy Partners demonstrated its ability to access extremely low-cost financing. Strong asset base, financing flexibility and favorable tax positioning will enable the partnership to meet growth expectations. These factors are likely to make a positive impact on second-quarter results.
Which Way are Estimates Treading?
The Zacks Consensus Estimate for second-quarter 2019 sales is pegged at $292 million, which indicates an increase of 29.8% on a year-over-year basis. The Zacks Consensus Estimate for second-quarter 2019 earnings per unit is pegged at 48 cents, which suggests a decline of 66.4% on a year-over-year basis.
Earnings Whispers
Our proven model does not conclusively show that NextEra Energy Partners is likely to beat earnings this quarter as it does not possess the key components. For this to happen a stock needs to have a positive Zacks Investment Research
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