Group 1 - NextEra Energy Partners (NEP) closed at $31.20, down 1.39% from the previous day, underperforming the S&P 500's gain of 0.85% [1] - The stock has decreased by 5.3% over the past month, compared to a loss of 4.55% in the Oils-Energy sector and a gain of 3.11% in the S&P 500 [1] Group 2 - The upcoming earnings release is projected to show an EPS of $0.58, a 9.43% increase year-over-year, with revenue estimated at $389.24 million, reflecting an 11.21% rise [2] - For the entire fiscal year, earnings are expected to be $1.89 per share and revenue at $1.34 billion, indicating increases of 455.88% and 7.26% respectively from the previous year [3] Group 3 - Recent adjustments to analyst estimates for NextEra Energy Partners indicate a favorable outlook on the company's business health and profitability [4] - The Zacks Rank system, which incorporates estimate changes, currently ranks NextEra Energy Partners as 3 (Hold) [6] Group 4 - NextEra Energy Partners has a Forward P/E ratio of 16.75, which is lower than the industry average of 25.09, suggesting it is trading at a discount [7] - The Alternative Energy - Other industry, part of the Oils-Energy sector, holds a Zacks Industry Rank of 92, placing it in the top 37% of over 250 industries [7]
NextEra Energy Partners (NEP) Stock Drops Despite Market Gains: Important Facts to Note