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.
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.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
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.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
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.
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.
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.
Can your portfolio provide you with enough income to last through retirement? You'll need more than NextEra Energy. Learn how to maximize your investment income and "Secure Your Future With 9 Rock-Solid Dividend Stocks." Click here for instant access to this free report.
- Add NextEra Energy to My Watchlist.
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 of Motley 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.