NextEra Energy Set to Report Positive Q1 Earnings Growth

NextEra Energy, Inc. (NEE), headquartered in Juno Beach, Florida, provides electric power through various channels, including generation, transmission, distribution, and retail and wholesale sales across North America. With a market capitalization of $137.7 billion, the company generates electricity from renewable sources like wind and solar, as well as from nuclear and natural gas.

Upcoming Earnings Report and Expectations

The utility giant is poised to release its first-quarter results on Tuesday, April 22. Analysts anticipate NextEra will report a non-GAAP profit of $0.99 per share, an increase of 8.8% from the $0.91 per share reported in the same quarter last year. Importantly, NextEra has a strong track record of exceeding earnings expectations, having done so for the last four consecutive quarters.

Future Earnings Outlook

For the full fiscal year 2025, forecasts suggest that NextEra will achieve an adjusted earnings per share (EPS) of $3.67, reflecting a 7% increase from $3.43 in fiscal 2024. Projections indicate continued growth with a year-over-year surge to $3.97 in fiscal 2026, representing an 8.2% increase.

Stock Performance Overview

The stock price of NEE has increased by 1.4% over the past 52 weeks, which is notable given the S&P 500 Index’s decline of 2.7% during the same period. However, NEE’s performance has lagged behind the Utilities Select Sector SPDR Fund (XLU), which saw a rise of 12.6% in the last year.

Recent Quarterly Performance

Shares of NextEra surged by 5.2% following its mixed Q4 results on January 24. The company has continued to display strong growth; its non-GAAP EPS has shown a compound annual growth rate (CAGR) of about 10% over the last decade, outperforming its competitors. In Q4, despite a revenue decline to $5.4 billion that fell short of Street expectations, the non-GAAP EPS grew by 1.9% year-over-year to $0.53, beating analyst forecasts and boosting investor confidence.

Analyst Ratings and Price Target

The consensus on NEE is moderately bullish, with an overall “Moderate Buy” rating. Among the 19 analysts who follow NEE, 11 recommend it as a “Strong Buy,” seven suggest a “Hold,” and one gives a “Strong Sell” rating. The average price target of $84.67 indicates a potential upside of 30.1% from current price levels.

On the date of publication, Aditya Sarawgi did not hold (either directly or indirectly) any positions in the securities mentioned in this article. All information and data are for informational purposes only. For further details, please see the Barchart Disclosure Policy here.

 

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