The most recent trading session ended with NextEra Energy Partners (NEP) standing at $17.49, reflecting a -0.68% shift from the previouse trading day's closing. The stock fell short of the S&P 500, which registered a gain of 0.73% for the day. Meanwhile, the Dow experienced a rise of 0.16%, and the technology-dominated Nasdaq saw an increase of 0.98%.
The the stock of limited partnership for clean-energy projects has risen by 4.95% in the past month, leading the Oils-Energy sector's loss of 9.2% and the S&P 500's gain of 0.34%.
Market participants will be closely following the financial results of NextEra Energy Partners in its upcoming release. In that report, analysts expect NextEra Energy Partners to post earnings of $0.60 per share. This would mark year-over-year growth of 271.43%. At the same time, our most recent consensus estimate is projecting a revenue of $347.33 million, reflecting a 49.71% rise from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.96 per share and a revenue of $1.28 billion, indicating changes of +476.47% and +2.67%, respectively, from the former year.
It's also important for investors to be aware of any recent modifications to analyst estimates for NextEra Energy Partners. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, there's been a 3.52% rise in the Zacks Consensus EPS estimate. At present, NextEra Energy Partners boasts a Zacks Rank of #3 (Hold).
With respect to valuation, NextEra Energy Partners is currently being traded at a Forward P/E ratio of 8.98. For comparison, its industry has an average Forward P/E of 24.2, which means NextEra Energy Partners is trading at a discount to the group.
The Alternative Energy - Other industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 125, placing it within the top 50% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
Zacks Naming Top 10 Stocks for 2025
Want to be tipped off early to our 10 top picks for the entirety of 2025?
History suggests their performance could be sensational.
From 2012 (when our Director of Research Sheraz Mian assumed responsibility for the portfolio) through November, 2024, the Zacks Top 10 Stocks gained +2,112.6%, more than QUADRUPLING the S&P 500’s +475.6%. Now Sheraz is combing through 4,400 companies to handpick the best 10 tickers to buy and hold in 2025. Don’t miss your chance to get in on these stocks when they’re released on January 2.
Be First to New Top 10 Stocks >>NextEra Energy Partners, LP (NEP) : Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
