NextEra Energy Earnings: Everything You Must Know Now

NextEra Energy, Inc. (NYSE:NEE) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.

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NextEra Energy, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 9.8% to $1.12 in the quarter versus EPS of $1.02 in the year-earlier quarter.

Revenue: Decreased 2.73% to $3.28 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: NextEra Energy, Inc. reported adjusted EPS income of $1.12 per share. By that measure, the company beat the mean analyst estimate of $1.02. It missed the average revenue estimate of $3.57 billion.

Quoting Management: “NextEra Energy delivered strong results in the first quarter of 2013 as we continued to execute well on our objectives,” said NextEra Energy President and CEO Jim Robo. “At Florida Power & Light Company, earnings growth was driven by increased investments in the business that are helping to provide our customers with the lowest bills in the state and reliability that is among the best in the country. At NextEra Energy Resources, we continue to develop new projects to sustain our position as North America’s largest generator of renewable energy from the wind and sun.”

Key Stats (on next page)…

Revenue decreased 2.84% from $3.38 billion in the previous quarter. EPS increased 8.74% from $1.03 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $1.28 to a profit $1.26. For the current year, the average estimate has moved down from a profit of $4.94 to a profit of $4.92 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)