NextEra Energy (NYSE:NEE) Third Quarter 2024 Results
Key Financial Results
- Revenue: US$7.57b (up 5.5% from 3Q 2023).
- Net income: US$1.85b (up 52% from 3Q 2023).
- Profit margin: 25% (up from 17% in 3Q 2023).
- EPS: US$0.90 (up from US$0.60 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
NextEra Energy EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 5.5%. Earnings per share (EPS) exceeded analyst estimates by 6.7%.
Looking ahead, revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Electric Utilities industry in the US.
Performance of the American Electric Utilities industry.
The company’s shares are down 1.2% from a week ago.
Risk Analysis
Don’t forget that there may still be risks. For instance, we’ve identified 3 warning signs for NextEra Energy (1 doesn’t sit too well with us) you should be aware of.
Valuation is complex, but we’re here to simplify it.
Discover if NextEra Energy might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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