NextEra Energy Partners (NEP) Surpasses Q4 Earnings Estimates

Company Performance - NextEra Energy Partners (NEP) reported quarterly earnings of $0.99 per share, exceeding the Zacks Consensus Estimate of $0.52 per share, and a significant improvement from a loss of $0.35 per share a year ago, resulting in an earnings surprise of 90.38% [1] - The company posted revenues of $294 million for the quarter ended December 2024, which fell short of the Zacks Consensus Estimate by 20.25%, compared to revenues of $232 million in the same quarter last year [2] - Over the last four quarters, the company has surpassed consensus EPS estimates two times but has not beaten consensus revenue estimates [2] Stock Performance - NextEra Energy Partners shares have declined approximately 11.2% since the beginning of the year, contrasting with the S&P 500's gain of 2.2% [3] - The current consensus EPS estimate for the upcoming quarter is -$0.04 on projected revenues of $310.9 million, while for the current fiscal year, the estimate is $1.54 on revenues of $1.34 billion [7] Industry Outlook - The Alternative Energy - Other industry, to which NextEra Energy Partners belongs, is currently ranked in the top 19% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact stock performance [5]