NextEra Energy (NEE) Outperforms Broader Market: What You Need to Know

NextEra Energy (NEE) closed at $80.06 in the latest trading session, marking a +2.4% move from the prior day. The stock's performance was ahead of the S&P 500's daily gain of 0.01%. At the same time, the Dow added 0.51%, and the tech-heavy Nasdaq lost 0.28%. The parent company of Florida Power & Light Co.'s shares have seen an increase of 10.31% over the last month, surpassing the Utilities sector's gain of 3.65% and the S&P 500's gain of 4.83%.Market participants will be closely following the financial results of NextEra Energy in its upcoming release. The company's earnings per share (EPS) are projected to be $1.04, reflecting a 0.97% increase from the same quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $8.16 billion, indicating a 7.88% increase compared to the same quarter of the previous year. For the full year, the Zacks Consensus Estimates project earnings of $3.68 per share and a revenue of $28.64 billion, demonstrating changes of +7.29% and +15.72%, respectively, from the preceding year. Investors should also take note of any recent adjustments to analyst estimates for NextEra Energy. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook. Based on our research, we believe these estimate revisions are directly related to near-term stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. At present, NextEra Energy boasts a Zacks Rank of #3 (Hold). In the context of valuation, NextEra Energy is at present trading with a Forward P/E ratio of 21.25. This represents a premium compared to its industry average Forward P/E of 18.82. It is also worth noting that NEE currently has a PEG ratio of 2.69. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Utility - Electric Power industry stood at 2.77 at the close of the market yesterday. The Utility - Electric Power industry is part of the Utilities sector. This industry currently has a Zacks Industry Rank of 85, which puts it in the top 35% of all 250+ industries. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions. Radical New Technology Could Hand Investors Huge GainsQuantum Computing is the next technological revolution, and it could be even more advanced than AI.While some believed the technology was years away, it is already present and moving fast. Large hyperscalers, such as Microsoft, Google, Amazon, Oracle, and even Meta and Tesla, are scrambling to integrate quantum computing into their infrastructure.Senior Stock Strategist Kevin Cook reveals 7 carefully selected stocks poised to dominate the quantum computing landscape in his report, Beyond AI: The Quantum Leap in Computing Power.Kevin was among the early experts who recognized NVIDIA's enormous potential back in 2016. Now, he has keyed in on what could be "the next big thing" in quantum computing supremacy. Today, you have a rare chance to position your portfolio at the forefront of this opportunity.See Top Quantum Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NextEra Energy, Inc. (NEE): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks