Recap: NextEra Energy Q3 Earnings

Shares of NextEra Energy NEE were flat in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share increased 11.30% over the past year to $2.66, which beat the estimate of $2.58.

Revenue of $4,785,000,000 declined by 14.12% year over year, which missed the estimate of $5,460,000,000.

Looking Ahead

NextEra Energy hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Details Of The Call

Date: Oct 21, 2020

Time: 09:00 AM

ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/nee/mediaframe/41300/indexr.html

Technicals

52-week high: $308.06

Company's 52-week low was at $174.80

Price action over last quarter: Up 8.41%

Company Profile

NextEra Energy's regulated utility, Florida Power & Light, distributes power to roughly 5 million customers in Florida. Florida Power & Light contributes over 60% of the group's operating earnings. Gulf Power also operates in Florida. The renewable energy segment generates and sells power throughout the United States and Canada. Consolidated generation capacity totals over 51 gigawatts and includes natural gas, nuclear, wind, and solar assets.