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NextEra Energy (NEE) Misses Q4 Earnings and Revenues

Juno Beach, FL-based NextEra Energy Inc.NEE is a public utility holding company engaged in the generation, transmission, distribution, and sale of electric energy.

To provide reliable services to its customers, NextEra Energy continues to expand its scale of operations and utilize modern technologies, primarily at its FPL utility. The company's focus on expanding its renewable fleet is impressive and should help it meet regulatory mandates on carbon emission.

However, stringent regulations, volatile commodity prices, erratic weather pattern and operational hazards pose major threats to the company.

Estimate Trend & Surprise History

Investors should note that the fourth quarter 2016 Zacks Consensus Estimate for earnings of $1.29 per share has decreased by 4.4% the last 90 days.

Coming to the earnings surprise, NextEra Energy has surpassed the Zacks Consensus Estimate in all the last four quarters, resulting in a positive average surprise of 7.22%.

Zacks Rank: Currently, NextEra Energy has a Zacks Rank #2 (Buy) but that could change following its fourth quarter 2016 earnings report which has just released. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

We have highlighted some of the key details from the just-released announcement below:

Earnings: NextEra Energy's earnings missed expectations. While our consensus called for fourth-quarter EPS of $1.29, the company reported an EPS of $1.21.

NextEra Energy, Inc. Price and EPS Surprise

NextEra Energy, Inc. Price and EPS Surprise | NextEra Energy, Inc. Quote

Revenue: NextEra Energy lagged the revenue estimates in the fourth quarter. The company posted revenues of $3,699 million in the fourth quarter, compared to our consensus estimate of $4,156 million.

Key Stats: During the fourth quarter 2016, NextEra Energy's subsidiary Florida Power & Light Company ("FPL") served 64,000 more customers than the comparable last year quarter.

Stock Price: It would be interesting to see how the market reacts to the negative earnings surprise during the trading session today.

Check back later for our full write up on this NEE earnings report later!

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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