Earnings Reaction History: NextEra Energy, (NYSE:NEE) has a 57.14% chance to rise

NextEra Energy, Inc. (NYSE:NEE) is projected to declare fiscal first quarter financial results right before the stock market’s official open on May 03, 2017. The stock added about 464.3 percent in price since last results when it was at $23.05 a share. Based on the most relevant past-periods data, there is an 57.14 percent probability for this firm’s share price to go up following next quarterly results. Earnings reaction history tells us that the equity price moved up 16 times out of last 28 reported quarters. It has beaten earnings-per-share estimates 66% of the time in its last 12 earnings reports. It fell short of earnings estimates on 4 occasions, and it has met expectations 0 time.

Here’s how traders responded to NEE earnings announcements over the past few quarters.

NextEra Energy, Inc. (NEE) Earnings Surprises & Reaction

Given its history, the average earnings announcement surprise was 4.32 percent over the past four quarters. Back on January 27, 2017, it posted earnings per-share earnings at $1.21 which missed the consensus $1.29 projection (negative surprise of-6.2%). For the quarter, revenue came in at 3.7B versus consensus estimate of 4.6B. The stock dropped -0.52 percent the session following the earnings reports were released, and on 7th day price change was 435.62 percent.

On October 31, 2016, it reported earnings at $1.74 a share compared with the consensus estimate of $1.65 per share (positive surprise of 5.45%). Revenue of 4.81B for that quarter was below the $4.84B analysts had expected. The stock climbed 1.8% the day following the earnings announcement, and on 7th day price change was -2.03%.

On July 27, 2016, it recorded $1.67 a share in earnings which topped the consensus estimate of $1.58 (positive surprise of 5.7%). Revenue for the quarter was $3.82B while analysts called for revenues to be $4.33B. The stock dropped -0.98% the day following the earnings data was made public, and on 7th day price change was -0.62%.

On April 28, 2016, it announced earnings per share at $1.55 versus the consensus estimate of $1.38 per share (positive surprise of 12.32%). That came on revenues of $3.84B for that period. Analysts had expected $3.96B in revenue.

NextEra Energy, Inc. Earnings Estimates

As Q1 earnings announcement date approaches, Wall Street is expecting earnings per share of $1.53. The analysts’ present consensus range is $1.24-$1.69 for EPS. The market consensus range for revenue is between $3.86B and $4.07B, with an average of $3.97B.

NextEra Energy, Inc. (NYSE:NEE) last ended at $130.46, sending the company’s market cap near $61B. The consensus 12-month price target from analysts covering the stock is $137.2. The share price has declined -0.9% from its top level in 52 weeks and dropped 10.05% this year. It recently traded in a range of $129.45-$130.67 at a volume of 1459315 shares. The recent trading ended with the price nearly -0.14 lower for the last 5 trading days, rebounding 19.89% from its 52-week low.