Earnings Preview: NextEra Energy Partners

On Friday, July 23, NextEra Energy Partners NEP will report its last quarter's earnings. Here is Benzinga's preview of the company's release.

What Are Earnings, Net Income, And Earnings Per Share?

Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.

Earnings And Revenue

NextEra Energy Partners EPS will likely be near $0.61 while revenue will be around $348.11 million, according to analysts. In the same quarter last year, NextEra Energy Partners reported EPS of $0.69 on revenue of $253.00 million.

Why Analyst Estimates And Earnings Surprises Are Important

Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the "consensus estimates." A company posting earnings or revenue above or below the consensus estimate is known as an "earnings surprise" and may move the stock by a considerable margin.

If the company were to report earnings in line when it publishes results Friday, quarterly profit would be down 11.59%. Revenue would be up 37.59% on a year-over-year basis. In comparison to analyst estimates in the past, here is how the company's reported EPS stacks up:

Quarter Q1 2021 Q4 2020 Q3 2020 Q2 2020
EPS Estimate 0.29 0.30 0.44 0.36
EPS Actual 2.66 0.85 0.76 0.69
Revenue Estimate 308.35 M 318.11 M 336.88 M 338.10 M
Revenue Actual 246.00 M 212.00 M 240.00 M 253.00 M

eps graph

Want Real-Time Earnings Calendar Updates?

Benzinga consistently updates its earnings calendars to stay up-to-date with the latest company earnings reports. Check out the full earnings calendar list updated in real-time by following this link.

Stock Performance

For a full 12 months, the return has risen by 25.63%. Given that these returns are generally positive, long-term shareholders are probably relaxed going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.

Do not be surprised to see the stock move on comments made during its conference call. NextEra Energy Partners is scheduled to hold the call at 09:00:00 ET and can be accessed here.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
▲▼
ticker
▲▼
name
▲▼
Actual EPS
▲▼
EPS Surprise
▲▼
Actual Rev
▲▼
Rev Surprise
▲▼
Posted In: EarningsBZI-EP
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!