Here's Why NRG Energy (NRG) Fell More Than Broader Market

Company Overview - NRG Energy is expected to report earnings on August 8, 2024, with a forecasted EPS of $1.38, reflecting a 25.45% increase from the same quarter last year [1] - The revenue forecast for NRG Energy is $4.59 billion, indicating a 27.75% decline compared to the corresponding quarter of the prior year [1] - Full-year Zacks Consensus Estimates predict earnings of $6.63 per share and revenue of $25.46 billion, representing year-over-year changes of +53.47% and -11.68%, respectively [9] Market Performance - NRG Energy's shares have decreased by 5.77% over the last month, underperforming the Utilities sector's gain of 0.93% and the S&P 500's gain of 1.96% [4] - As of the latest market close, NRG Energy's stock price was $76.61, with a -0.31% change compared to the previous day, lagging behind the S&P 500's daily loss of 0.16% [8] Valuation Metrics - NRG Energy is currently trading at a Forward P/E ratio of 11.6, which is a discount compared to the average Forward P/E of 15.78 for its industry [6] Industry Context - The Utility - Electric Power industry, which includes NRG Energy, has a Zacks Industry Rank of 75, placing it in the top 30% of over 250 industries [3] - The Zacks Rank system indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [11]