NextEra Energy Inc. Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component NextEra Energy, Inc. (NYSE:NEE) will unveil its latest earnings on Friday, November 4, 2011. NextEra Energy 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 $1.42 per share, a decline of 2.1% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from $1.52. Between one and three months ago, the average estimate moved down. It also has dropped from $1.45 during the last month. For the year, analysts are projecting net income of $4.45 per share, a rise of 3.5% from last year.

Past Earnings Performance: Last quarter, the company topped expectations by 9 cents, coming in at profit of $1.18 per share versus a mean estimate of net income of $1.09 per share. This followed two straight quarters of missing estimates.

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Wall St. Revenue Expectations: On average, analysts predict $4.44 billion in revenue this quarter, a decline of 5.3% from the year ago quarter. Analysts are forecasting total revenue of $15.76 billion for the year, a rise of 2.9% from last year’s revenue of $15.32 billion.

Analyst Ratings: Analysts are bullish on this stock with 14 analysts rating it as a buy, none rating it as a sell and five rating it as a hold.

A Look Back: In the second quarter, profit rose 39.1% to $580 million ($1.38 a share) from $417 million ($1.01 a share) the year earlier, exceeding analyst expectations. Revenue rose 10.3% to $3.96 billion from $3.59 billion.

Key Stats:

A year-over-year revenue increase in the second quarter snapped a streak of two consecutive quarters of revenue declines. Revenue fell 13.5% in the first quarter and 6.6% in the fourth quarter of the last fiscal year.

The increase in profit in the second quarter broke a streak of two consecutive quarters of year-over-year profit decreases. The figure dropped 51.8% in the first quarter and 24.4% in the fourth quarter of the last fiscal year.

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 August 5, 2011 to October 31, 2011, the stock price had risen $4.12 (7.9%) from $52.28 to $56.40. The stock price saw one of its best stretches over the last year between March 28, 2011 and April 6, 2011 when shares rose for eight-straight days, rising 5.2% (+$2.74) over that span. It saw one of its worst periods between November 4, 2010 and November 17, 2010 when shares fell for 10-straight days, falling 5.1% (-$2.69) over that span. Shares are up $5.94 (+11.8%) year to date.

(Source: Xignite Financials)

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