NextEra Energy (NEE) Tops Q3 EPS by 5c
NextEra Energy (NYSE: NEE) reported Q3 EPS of $2.18, $0.05 better than the analyst estimate of $2.13. Revenue for the quarter came in at $4.42 billion versus the consensus estimate of $4.76 billion.
GUIDANCE:
NextEra Energy sees FY2018 EPS of $7.45-$7.95, versus the consensus of $7.75.
- NextEra Energy continues to expect adjusted earnings per share to be in the range of $7.45 to $7.95 for 2018 and is targeting the midpoint of $7.70 per share. Upon closing of all of the previously announced asset acquisitions from Southern Company (Gulf Power, Florida City Gas and the ownership interests in the two natural gas plants), NextEra Energy continues to expect 2020 adjusted earnings per share to be in a range of $8.70 to $9.20 and 2021 adjusted earnings per share to be in a range of $9.40 to $9.95. These ranges reflect the company's expected compound annual growth rate in adjusted earnings per share of 6 to 8 percent off a base at the midpoint of the 2018 range of $7.70 per share, plus the expected transaction accretion of $0.15 in 2020 and $0.20 in 2021.
For earnings history and earnings-related data on NextEra Energy (NEE) click here.
