NRG Shares Fall as Major U.S. Indexes Post Gains
Shares fell despite broad market gains, while Zacks forecasts higher quarterly earnings per share but lower revenue year over year.
At 20:00 UTC Friday, NRG Energy shares stood at $95.23, down 1.75% from the previous close. The S&P 500 rose 0.73%, the Dow gained 0.49%, and the Nasdaq added 1.19%.
NRG had also lost 13.33% over the prior month, according to the article. Over the same period, the Utilities sector fell 5.92%, while the S&P 500 gained 0.55%.
Ahead of NRG’s upcoming earnings report, Zacks estimates earnings of $3.48 per share, up 26.55% from the year-earlier quarter. Its revenue estimate is $7.34 billion, down 3.93% year over year.
For the full year, Zacks consensus estimates call for earnings of $8.61 per share and revenue of $36.89 billion. Those figures would be increases of 6.69% and 20.12%, respectively, from the prior year.
Zacks put NRG’s forward price-to-earnings ratio at 11.26, compared with an industry average of 16.46. The company’s earnings report will provide the next update against those estimates.
This article was produced with the help of AI technology. Source: Yahoo Finance
