NextEra Energy Disappoints with Q1 Earnings Miss

Published 22 hours agoNEE

NextEra Energy Disappoints with Q1 Earnings Miss

NextEra Energy reported first-quarter earnings with an EPS of $0.58, missing the consensus estimate of $0.91 by $0.33. The company's revenue totaled $5.39 billion, falling short of the $6.71 billion expected, as highlighted by recent Wall Street projections.

The reported figures have sparked discrepancies with some earlier claims of substantial revenue and earnings growth, as emphasized by the latest coverage focusing on a missed forecast. Analysts were expecting $6.63 billion in revenue, marking a 15.7% year-over-year increase and an EPS of $0.94, representing a 3.3% gain. Despite these expectations, the company underperformed, causing concern among investors.

Shares of NextEra Energy have reacted with a closing price of $66.64, reflecting a 0.12% increase compared to the previous year, yet down 8.50% over the past three months. According to Seeking Alpha, the company has seen mixed analyst revisions with two upward and five downward EPS adjustments in the last 90 days, reflecting cautious sentiment from the financial community.

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