Why NextEra (NEE) is Poised to Beat Earnings Estimates Again

Core Viewpoint - NextEra Energy (NEE) is well-positioned to continue its earnings-beat streak in the upcoming report, having surpassed earnings estimates consistently in recent quarters [1][5]. Earnings Performance - In the last reported quarter, NextEra achieved earnings of $0.99 per share, exceeding the Zacks Consensus Estimate of $0.97 per share, resulting in a surprise of 2.06% [2]. - In the previous quarter, the company was expected to report earnings of $0.51 per share but delivered $0.53 per share, leading to a surprise of 3.92% [2]. Earnings Estimates and Predictions - There has been a favorable change in earnings estimates for NextEra, with a positive Earnings ESP (Expected Surprise Prediction) indicating a strong likelihood of an earnings beat [5][8]. - The current Earnings ESP for NextEra stands at +1.98%, suggesting increased analyst optimism regarding its near-term earnings potential [8]. Zacks Rank and Success Rate - NextEra holds a Zacks Rank of 3 (Hold), which, when combined with a positive Earnings ESP, indicates a high probability of beating consensus estimates, with historical data showing nearly 70% success in such cases [6][8].