NextEra Energy (NEE) Stock Moves -1.54%: What You Should Know

The most recent trading session ended with NextEra Energy (NEE) standing at $64.06, reflecting a -1.54% shift from the previouse trading day's closing. This move was narrower than the S&P 500's daily loss of 1.57%. Meanwhile, the Dow experienced a drop of 0.84%, and the technology-dominated Nasdaq saw a decrease of 2.15%.Prior to today's trading, shares of the parent company of Florida Power & Light Co. Had lost 14.58% over the past month. This has lagged the Utilities sector's loss of 3.62% and the S&P 500's loss of 12.16% in that time.Market participants will be closely following the financial results of NextEra Energy in its upcoming release. The company is forecasted to report an EPS of $0.99, showcasing an 8.79% upward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $7.04 billion, up 22.89% from the year-ago period.NEE's full-year Zacks Consensus Estimates are calling for earnings of $3.67 per share and revenue of $29.75 billion. These results would represent year-over-year changes of +7% and +20.21%, respectively.It is also important to note the recent changes to analyst estimates for NextEra Energy. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.07% lower. Right now, NextEra Energy possesses a Zacks Rank of #3 (Hold).In terms of valuation, NextEra Energy is currently trading at a Forward P/E ratio of 17.71. This represents a premium compared to its industry's average Forward P/E of 17.39.We can also see that NEE currently has a PEG ratio of 2.27. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. NEE's industry had an average PEG ratio of 2.63 as of yesterday's close.The Utility - Electric Power industry is part of the Utilities sector. Currently, this industry holds a Zacks Industry Rank of 67, positioning it in the top 28% of all 250+ industries.The Zacks Industry Rank gauges the strength of our individual 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.Only $1 to See All Zacks' Buys and SellsWe're not kidding.Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 256 positions with double- and triple-digit gains in 2024 alone.See 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