In the latest trading session, NextEra Energy (NEE) closed at $70.85, marking a -1.08% move from the previous day. This change was narrower than the S&P 500's daily loss of 1.22%. On the other hand, the Dow registered a loss of 1.55%, and the technology-centric Nasdaq decreased by 0.35%.

The parent company of Florida Power & Light Co.'s shares have seen an increase of 0.8% over the last month, not keeping up with the Utilities sector's gain of 2.67% and outstripping the S&P 500's loss of 2.31%.

Analysts and investors alike will be keeping a close eye on the performance of NextEra Energy in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0.99, marking an 8.79% rise compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $6.99 billion, up 21.92% from the year-ago period.

In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $3.68 per share and a revenue of $29.76 billion, indicating changes of +7.29% and +20.24%, respectively, from the former year.

Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for NextEra Energy. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.

Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.03% higher. NextEra Energy is currently a Zacks Rank #3 (Hold).

Investors should also note NextEra Energy's current valuation metrics, including its Forward P/E ratio of 19.48. This expresses a premium compared to the average Forward P/E of 18.49 of its industry.

We can also see that NEE currently has a PEG ratio of 2.5. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Utility - Electric Power was holding an average PEG ratio of 2.68 at yesterday's closing price.

The Utility - Electric Power industry is part of the Utilities sector. This industry currently has a Zacks Industry Rank of 140, which puts it in the bottom 45% of all 250+ industries.

The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

NextEra Energy, Inc. (NEE) : Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research