NRG Energy (NRG) Declines More Than Market: Some Information for Investors

Company Overview - For the full year, earnings are projected at $6.61 per share, with revenue expected to be $25.28 billion, reflecting changes of +53.01% and -12.31% from the previous year respectively [1] - NRG Energy's stock has decreased by 4.52% in the past month, underperforming the Utilities sector's gain of 2.98% and the S&P 500's gain of 0.1% [2] - The company currently holds a Zacks Rank of 4 (Sell), with a recent 0.67% decline in the Zacks Consensus EPS estimate [4] Earnings Forecast - NRG Energy is set to release its earnings report on August 8, 2024, with an expected EPS of $1.30, which is an 18.18% increase from the prior-year quarter [8] - The consensus estimate for revenue in the upcoming quarter is $4.48 billion, indicating a 29.4% decline compared to the same quarter of the previous year [8] Valuation Metrics - NRG Energy is currently trading at a Forward P/E ratio of 11.24, which is lower than the industry's average Forward P/E of 15.94 [10] Industry Context - The Utility - Electric Power industry is part of the broader Utilities sector and currently holds a Zacks Industry Rank of 71, placing it in the top 29% of over 250 industries [5] - The Zacks Rank system has a strong track record, with stocks rated 1 producing an average annual return of +25% since 1988 [4]