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NextEra Energy Partners (NEP) Falls More Steeply Than Broader Market: What Investors Need to Know

Company Performance - NextEra Energy Partners (NEP) closed at $17.65, reflecting a -1.18% change from the previous day, which is less than the S&P 500's daily loss of 0.39% [1] - The stock has increased by 11.42% over the past month, outperforming the Oils-Energy sector's decline of 5.09% and the S&P 500's gain of 3.6% [1] Upcoming Earnings - The upcoming EPS for NextEra Energy Partners is projected at $0.60, indicating a significant increase of 271.43% compared to the same quarter last year [2] - Revenue is expected to reach $347.33 million, representing a 49.71% increase from the year-ago quarter [2] Full Year Projections - For the full year, earnings are projected at $1.96 per share, reflecting a change of +476.47% from the prior year [3] - Revenue for the full year is estimated at $1.28 billion, showing a growth of +2.67% compared to the previous year [3] Analyst Estimates - Recent modifications to analyst estimates for NextEra Energy Partners indicate a positive outlook on the company's business operations and profit generation capabilities [4] - The Zacks Rank system, which incorporates these estimate changes, provides actionable ratings for investors [5] Valuation Metrics - NextEra Energy Partners is currently trading at a Forward P/E ratio of 9.1, which is a discount compared to the industry's average Forward P/E of 24.77 [7] - The Alternative Energy - Other industry, part of the Oils-Energy sector, holds a Zacks Industry Rank of 83, placing it in the top 34% of over 250 industries [7]