NextEra Energy (NEE) Stock Slides as Market Rises: Facts to Know Before You Trade

Company Performance - NextEra Energy (NEE) closed at $69.83, down 1.52% from the previous trading session, underperforming the S&P 500 which gained 0.21% [1] - Over the past month, NEE's stock has decreased by 2.09%, compared to a loss of 1.2% in the Utilities sector and a gain of 3.07% in the S&P 500 [1] Upcoming Earnings - NextEra Energy is expected to report earnings per share (EPS) of $1.04, reflecting a 0.97% increase from the prior-year quarter [2] - The Zacks Consensus Estimate for revenue is projected at $8.16 billion, which is a 7.88% increase from the year-ago period [2] Full-Year Estimates - The full-year Zacks Consensus Estimates for NEE are earnings of $3.68 per share and revenue of $28.64 billion, indicating year-over-year changes of +7.29% and +15.72%, respectively [3] - Recent changes in analyst estimates for NEE may indicate shifts in near-term business trends, with positive revisions suggesting optimism about the business outlook [3] Valuation Metrics - NEE is currently trading at a Forward P/E ratio of 19.27, which is a premium compared to the industry average Forward P/E of 17.68 [6] - The company has a PEG ratio of 2.44, compared to the industry average PEG ratio of 2.72 [6] Industry Ranking - The Utility - Electric Power industry, which includes NEE, has a Zacks Industry Rank of 68, placing it in the top 28% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]