NextEra Energy Partners (NEP) Projected to Post Earnings on Thursday

NextEra Energy Partners (NYSE:NEP) is anticipated to announce its earnings results before the market opens on Thursday, January 23rd. Analysts expect the company to announce earnings of $0.79 per share and revenue of $329,970.00 billion for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

NextEra Energy Partners (NYSE:NEP) last posted its quarterly earnings results on Wednesday, October 23rd. The solar energy provider reported ($0.43) EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.94). NextEra Energy Partners had a net margin of 17.47% and a negative return on equity of 1.07%. The company had revenue of $319.00 million during the quarter, compared to analyst estimates of $332.25 million. During the same period last year, the firm earned $0.57 EPS. The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. On average, analysts expect NextEra Energy Partners to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

NextEra Energy Partners Stock Up 1.0 %

Shares of NEP opened at $17.09 on Tuesday. The firm has a 50 day simple moving average of $17.53 and a two-hundred day simple moving average of $22.32. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.02 and a quick ratio of 1.78. NextEra Energy Partners has a one year low of $15.55 and a one year high of $35.15. The company has a market cap of $1.60 billion, a P/E ratio of 7.84 and a beta of 1.06.

Analysts Set New Price Targets

A number of equities analysts have recently commented on NEP shares. UBS Group lowered their price target on NextEra Energy Partners from $28.00 to $27.00 and set a “neutral” rating for the company in a report on Monday, September 30th. Jefferies Financial Group dropped their target price on shares of NextEra Energy Partners from $28.00 to $27.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Barclays reaffirmed an “underweight” rating and set a $25.00 price target on shares of NextEra Energy Partners in a report on Friday, October 4th. Guggenheim downgraded shares of NextEra Energy Partners from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $37.00 to $22.00 in a research note on Monday, October 28th. Finally, BNP Paribas began coverage on shares of NextEra Energy Partners in a report on Tuesday, October 1st. They set an “underperform” rating and a $15.00 price target for the company. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $24.64.

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, solar, and battery storage projects. The company owns contracted natural gas pipeline assets. NextEra Energy Partners, LP was incorporated in 2014 and is based in Juno Beach, Florida.