Nextera Energy Partners (NEP) Set to Announce Quarterly Earnings on Wednesday

Nextera Energy Partners (NYSE:NEP) is scheduled to be issuing its quarterly earnings data before the market opens on Wednesday, July 24th. Analysts expect the company to announce earnings of $0.42 per share for the quarter.

Nextera Energy Partners (NYSE:NEP) last released its earnings results on Tuesday, April 23rd. The solar energy provider reported ($0.38) EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.90). Nextera Energy Partners had a net margin of 12.24% and a return on equity of 2.17%. The business had revenue of $177.00 million during the quarter, compared to analyst estimates of $316.31 million. On average, analysts expect Nextera Energy Partners to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Nextera Energy Partners stock opened at $50.34 on Tuesday. Nextera Energy Partners has a one year low of $39.35 and a one year high of $50.94. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.57. The firm has a fifty day simple moving average of $48.29. The firm has a market capitalization of $2.82 billion, a P/E ratio of 17.30, a P/E/G ratio of 5.32 and a beta of 0.93.

NEP has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded Hancock Jaffe Laboratories from a “buy” rating to a “hold” rating in a report on Wednesday, June 26th. Goldman Sachs Group raised Energizer from a “neutral” rating to a “buy” rating and raised their target price for the company from $48.00 to $60.00 in a report on Sunday, March 31st. Finally, TheStreet downgraded AMERCO from a “b” rating to a “c+” rating in a report on Monday, March 25th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $50.56.

About Nextera Energy Partners

NextEra Energy Partners, LP acquires, owns, and manages contracted clean energy projects in the United States. It owns a portfolio of contracted renewable generation assets consisting of wind and solar projects with approximately 4,859 megawatts of capacity, as well as seven contracted natural gas pipeline assets.

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Earnings History for Nextera Energy Partners (NYSE:NEP)

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