Will NextEra Energy Partners, LP (NYSE:NEP) beat earning estimates again?

NextEra Energy Partners, LP (NYSE:NEP) 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 8.7 percent in price since last results when it was at $28.18 a share. Based on the most relevant past-periods data, there is an 54.55 percent probability for this firm’s share price to go down following next quarterly results. Earnings reaction history tells us that the equity price moved down 6 times out of last 11 reported quarters. It has beaten earnings-per-share estimates 33% of the time in its last 12 earnings reports. It fell short of earnings estimates on 6 occasions, and it has met expectations 0 time.

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

NextEra Energy Partners, LP (NEP) Earnings Surprises & Reaction

Given its history, the average earnings announcement surprise was 33.03 percent over the past four quarters. Back on January 27, 2017, it posted earnings per-share earnings at $0.91 which beat the consensus $0.37 projection (positive surprise of145.95%. For the quarter, revenue came in at 176M versus consensus estimate of 233.93M. The stock dropped -2.16 percent the session following the earnings reports were released, and on 7th day price change was 13.48 percent.

On October 31, 2016, it reported earnings at $0.62 a share compared with the consensus estimate of $0.33 per share (positive surprise of 87.88%). Revenue of 186M for that quarter was below the $195.67M analysts had expected. The stock retreated -1.14% the day following the earnings announcement, and on 7th day price change was -3.08%.

On July 27, 2016, it recorded $0.19 a share in earnings which missed the consensus estimate of $0.34 (negative surprise of -44.12%). Revenue for the quarter was $171M while analysts called for revenues to be $195.7M. The stock dropped -1.58% the day following the earnings data was made public, and on 7th day price change was -4.74%.

On April 28, 2016, it announced earnings per share at $0.14 versus the consensus estimate of $0.33 per share (negative surprise of -57.58%). That came on revenues of $165M for that period. Analysts had expected $179.57M in revenue.

NextEra Energy Partners, LP Earnings Estimates

As Q1 earnings announcement date approaches, Wall Street is expecting earnings per share of $0.4. The analysts’ present consensus range is $0.15-$0.81 for EPS. The market consensus range for revenue is between $205.1M and $258.79M, with an average of $234.76M.

NextEra Energy Partners, LP (NYSE:NEP) last ended at $30.62, sending the company’s market cap near $1.28B. The consensus 12-month price target from analysts covering the stock is $35.33. The share price has declined -6.03% from its top level in 52 weeks and dropped 21.23% this year. It recently traded in a range of $30.6-$31.11 at a volume of 135518 shares. The recent trading ended with the price nearly -0.71 lower for the last 5 trading days, rebounding 29.55% from its 52-week low.

 

Iris Howard: