Why the Market Dipped But NextEra Energy Partners (NEP) Gained Today

Group 1: Stock Performance - NextEra Energy Partners (NEP) closed at $18.20, reflecting a +1.11% change from the previous day, outperforming the S&P 500's 0.19% loss [1] - The stock has decreased by 2.81% over the past month, underperforming the Oils-Energy sector's gain of 3.07% and the S&P 500's gain of 6.66% [1] Group 2: Earnings Forecast - NextEra Energy Partners is expected to report an EPS of $0.60, representing a 271.43% increase from the same quarter last year [2] - Revenue is anticipated to be $347.33 million, indicating a 49.71% increase from the corresponding quarter of the previous year [2] Group 3: Full Year Estimates - For the full year, earnings are projected at $1.41 per share and revenue at $1.28 billion, showing increases of +314.71% and +2.67% respectively from the prior year [3] - Recent changes to analyst estimates for NextEra Energy Partners reflect short-term business trends, with positive revisions indicating a favorable business outlook [3] Group 4: Valuation Metrics - NextEra Energy Partners has a Forward P/E ratio of 12.8, which is a discount compared to the industry average Forward P/E of 25.23 [6] - The Alternative Energy - Other industry, part of the Oils-Energy sector, has a Zacks Industry Rank of 130, placing it in the bottom 49% of over 250 industries [6] Group 5: Zacks Rank and Performance - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), has a strong track record, with 1 rated stocks averaging a +25% annual return since 1988 [5] - Currently, NextEra Energy Partners holds a Zacks Rank of 3 (Hold), with a recent 4.26% downward shift in the consensus EPS estimate [5]