NextEra Energy Partners (NEP) Flat As Market Gains: What You Should Know

Company Performance - NextEra Energy Partners (NEP) ended the latest trading session at $17.47, showing no change from the previous close, which lagged behind the S&P 500's daily gain of 0.56% [1] - Over the last month, NEP's shares have decreased by 9.72%, underperforming the Oils-Energy sector's gain of 4.4% and the S&P 500's gain of 3.11% [1] Upcoming Earnings - The upcoming earnings release is anticipated, with expectations for EPS of $0.54, representing a 254.29% increase from the prior-year quarter [2] - Quarterly revenue is projected at $347.33 million, up 49.71% from the year-ago period [2] - For the full year, earnings are estimated at $1.36 per share and revenue at $1.28 billion, reflecting increases of +300% and +2.67% respectively from the previous year [2] Analyst Estimates - Recent modifications to analyst estimates for NEP indicate shifting dynamics in short-term business patterns, with positive revisions reflecting optimism about the company's profitability [3] - The Zacks Consensus EPS estimate has decreased by 6.47% over the past month, and NEP currently holds a Zacks Rank of 3 (Hold) [5] Valuation Metrics - NEP has a Forward P/E ratio of 12.88, which is a discount compared to the industry's average Forward P/E of 24.95 [6] - The Alternative Energy - Other industry, part of the Oils-Energy sector, has a Zacks Industry Rank of 133, placing it in the bottom 48% of over 250 industries [6] Industry Insights - The Zacks Industry Rank evaluates the performance of industry groups based on the average Zacks Rank of individual stocks, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [7]