NextEra Energy, Inc. Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component NextEra Energy, Inc. (NYSE:NEE) will unveil its latest earnings on Monday, July 18, 2011. NextEra Energy, Inc. provides electricity-related services through two operating subsidiaries, FPL and FPL Energy.

NextEra Energy, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of $1.08 per share, a decline of 2.7% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate moved down, but has risen from $1.07 during the last month. For the year, analysts are projecting net income of $4.48 per share, a rise of 4.2% from last year.

Past Earnings Performance: The company has missed estimates in the last two quarters. In the first quarter, it missed the mark by 2 cents as a result of reporting profit of 94 cents against an estimate of net income of 96 cents per share. In the fourth quarter of the last fiscal year, the company fell short of forecasts by 7 cents.

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Wall St. Revenue Expectations: On average, analysts predict $3.72 billion in revenue this quarter, a rise of 3.6% from the year ago quarter. Analysts are forecasting total revenue of $15.81 billion for the year, a rise of 3.2% from last year’s revenue of $15.32 billion.

Analyst Ratings: Analysts are bullish on this stock with 16 analysts rating it as a buy, none rating it as a sell and six rating it as a hold.

Key Stats:

The company has now seen net income fall in each of the last two quarters. In the first quarter, net income fell 51.8% from the year earlier quarter, while the figure dropped 24.4% in the fourth quarter of the last fiscal year.

Revenue has fallen in the past two quarters. In first quarter, revenue declined 13.5% to $3.13 billion from the year earlier quarter. In the fourth quarter of the last fiscal year, the figure fell 6.6%.

Competitors to Watch: Exelon Corporation (NYSE:EXC), El Paso Electric Company (NYSE:EE), Entergy Corporation (NYSE:ETR), The Southern Company (NYSE:SO), FirstEnergy Corp. (NYSE:FE), PPL Corporation (NYSE:PPL), Pepco Holdings, Inc. (NYSE:POM), American Electric Power Co., Inc. (NYSE:AEP), Northeast Utilities System (NYSE:NU), and Constellation Energy Group, Inc. (NYSE:CEG).

Stock Price Performance: During April 14, 2011 to July 12, 2011, the stock price had risen $2.65 (4.8%) from $54.64 to $57.29. The stock price saw one of its best stretches over the last year between November 4, 2010, and November 17, 2010, when shares rose for 10-straight days, rising 5.4% (+$2.72) over that span. Shares have been on a negative streak of late, closing down every day between July 11, 2011 and July 12, 2011. Shares are up $6.32 (+12.4%) year to date.

(Source: Xignite Financials)

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