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NRG Energy (NRG) Stock Dips While Market Gains: Key Facts September 19, 2024
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NRG Energy (NRG - Free Report) closed the latest trading day at $81.83, indicating a -0.15% change from the previous session's end. The stock trailed the S&P 500, which registered a daily gain of 1.7%. At the same time, the Dow added 1.26%, and the tech-heavy Nasdaq gained 2.51%.
The the stock of power company has fallen by 0.97% in the past month, lagging the Utilities sector's gain of 4.97% and the S&P 500's gain of 1.27%.
The investment community will be paying close attention to the earnings performance of NRG Energy in its upcoming release. The company is predicted to post an EPS of $1.88, indicating a 16.05% growth compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $5.56 billion, showing a 30.07% drop compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates project earnings of $6.19 per share and a revenue of $25.19 billion, demonstrating changes of +43.29% and -12.61%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for NRG Energy. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been a 23.38% rise in the Zacks Consensus EPS estimate. NRG Energy is holding a Zacks Rank of #3 (Hold) right now.
Looking at valuation, NRG Energy is presently trading at a Forward P/E ratio of 13.24. This expresses a discount compared to the average Forward P/E of 17.6 of its industry.
The Utility - Electric Power industry is part of the Utilities sector. This industry currently has a Zacks Industry Rank of 42, which puts it in the top 17% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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NRG Energy (NRG - Free Report) closed the latest trading day at $81.83, indicating a -0.15% change from the previous session's end. The stock trailed the S&P 500, which registered a daily gain of 1.7%. At the same time, the Dow added 1.26%, and the tech-heavy Nasdaq gained 2.51%.
The the stock of power company has fallen by 0.97% in the past month, lagging the Utilities sector's gain of 4.97% and the S&P 500's gain of 1.27%.
The investment community will be paying close attention to the earnings performance of NRG Energy in its upcoming release. The company is predicted to post an EPS of $1.88, indicating a 16.05% growth compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $5.56 billion, showing a 30.07% drop compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates project earnings of $6.19 per share and a revenue of $25.19 billion, demonstrating changes of +43.29% and -12.61%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for NRG Energy. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been a 23.38% rise in the Zacks Consensus EPS estimate. NRG Energy is holding a Zacks Rank of #3 (Hold) right now.
Looking at valuation, NRG Energy is presently trading at a Forward P/E ratio of 13.24. This expresses a discount compared to the average Forward P/E of 17.6 of its industry.
The Utility - Electric Power industry is part of the Utilities sector. This industry currently has a Zacks Industry Rank of 42, which puts it in the top 17% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.