NextEra Energy Beats on Both Top and Bottom Lines

Seth Jayson, The Motley Fool
Updated

NextEra Energy (NYS: NEE) reported earnings on April 25. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended March 31 (Q1), NextEra Energy beat slightly on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue increased and GAAP earnings per share increased significantly.


Margins improved across the board.

Revenue details
 NextEra Energy reported revenue of $3.37 billion. The four analysts polled by S&P Capital IQ predicted sales of $3.32 billion on the same basis. GAAP reported sales were 7.6% higher than the prior-year quarter's $3.13 billion.

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Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 Non-GAAP EPS came in at $1.02. The 13 earnings estimates compiled by S&P Capital IQ predicted $0.98 per share on the same basis. GAAP EPS of $1.11 for Q1 were 73% higher than the prior-year quarter's $0.64 per share.

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Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 41.9%, 880 basis points better than the prior-year quarter. Operating margin was 25.0%, 1,130 basis points better than the prior-year quarter. Net margin was 13.7%, 510 basis points better than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $3.83 billion. On the bottom line, the average EPS estimate is $1.15.

Next year's average estimate for revenue is $15.48 billion. The average EPS estimate is $4.52.

Investor sentiment
 The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,069 members out of 1,098 rating the stock outperform, and 29 members rating it underperform. Among 243 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 238 give NextEra Energy a green thumbs-up, and five give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on NextEra Energy is outperform, with an average price target of $61.64.

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At the time thisarticle was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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