NextEra Energy Earnings: Here’s What You Need to 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. Shares are flat.

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NextEra Energy, Inc. Earnings Cheat Sheet

Results: Net income decreased -35.08% to $433 million ($1.03 per diluted share) in the quarter versus a net gain of $667 million in the year-earlier quarter.

Revenue: Decreased 12.55% to $3.38 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: NextEra Energy, Inc. reported adjusted net income of $1.03 per share. By that measure, the company beat the mean analyst estimate of $0.95. It missed the average revenue estimate of $4.6 billion.

Quoting Management: “NextEra Energy delivered a very strong quarter to finish the year as we executed on the largest capital investment program in the company’s history,” said NextEra Energy President and CEO Jim Robo. “At FPL, customers will benefit from a four-year base rate settlement agreement that is designed to help FPL continue to provide customers with exceptional reliability, award-winning customer service and the lowest electric bills in the state. And NextEra Energy Resources added more megawatts of U.S. wind in 2012 than any other company ever has in a single year, including more than 1,200 megawatts in the fourth quarter.”

Key Stats:

Revenue decreased 12.05% from $3.84 billion in the previous quarter. Net income increased 4.34% from $415 million in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $1.05 and has not changed. For the current year, the average estimate has moved down from a profit of $4.51 to a profit of $4.49 over the last ninety days.

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(Company fundamentals provided by Xignite Financials.)