NextEra Energy Full Year 2022 Earnings: Misses Expectations
NextEra Energy (NYSE:NEE) Full Year 2022 Results
Key Financial Results
Revenue: US$21.0b (up 23% from FY 2021).
Net income: US$4.15b (up 16% from FY 2021).
Profit margin: 20% (down from 21% in FY 2021). The decrease in margin was driven by higher expenses.
EPS: US$2.10 (up from US$1.82 in FY 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
NextEra Energy Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 2.6%. Earnings per share (EPS) also missed analyst estimates by 17%.
Looking ahead, revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Electric Utilities industry in the US.
Performance of the American Electric Utilities industry.
The company's shares are down 6.6% from a week ago.
You should learn about the 2 warning signs we've spotted with NextEra Energy (including 1 which is concerning).
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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