NextEra Energy (NEE) Expected to Beat Earnings Estimates: Should You Buy?

Core Viewpoint - NextEra Energy (NEE) is anticipated to report a year-over-year decline in earnings due to lower revenues, which could significantly influence its near-term stock price depending on how actual results compare to consensus estimates [1][2]. Earnings Expectations - The upcoming earnings report is scheduled for January 24, 2025, with expectations of quarterly earnings at $0.51 per share, reflecting a -1.9% change year-over-year. Revenues are projected to be $6.52 billion, down 5.3% from the previous year [3][2]. Estimate Revisions - The consensus EPS estimate has been revised 6.57% higher in the last 30 days, indicating a collective reassessment by analysts regarding the company's earnings prospects [4][10]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates a positive Earnings ESP of +4.43%, suggesting that analysts have recently become more optimistic about NextEra's earnings potential [10][11]. Historical Performance - NextEra has a strong track record, having beaten consensus EPS estimates in the last four quarters, including a +5.10% surprise in the most recent quarter [12][13]. Investment Considerations - While NextEra is viewed as a compelling earnings-beat candidate, investors are advised to consider other factors that may influence stock performance beyond just earnings results [14][16].