NRG Energy (NRG) Falls More Steeply Than Broader Market: What Investors Need to Know

In the latest close session, NRG Energy (NRG) was down 4.07% at $152.05. The stock trailed the S&P 500, which registered a daily loss of 0.06%. Elsewhere, the Dow saw a downswing of 0.17%, while the tech-heavy Nasdaq depreciated by 0.06%. The power company's stock has climbed by 2.5% in the past month, exceeding the Utilities sector's loss of 1.11% and the S&P 500's gain of 1.99%.The investment community will be paying close attention to the earnings performance of NRG Energy in its upcoming release. The company is forecasted to report an EPS of $1.19, showcasing a 21.71% downward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $7.32 billion, up 7.36% from the prior-year quarter. NRG's full-year Zacks Consensus Estimates are calling for earnings of $8.15 per share and revenue of $30.3 billion. These results would represent year-over-year changes of +22.74% and 0%, respectively. Investors should also note any recent changes to analyst estimates for NRG Energy. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model. The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 1.61% decrease. NRG Energy is currently a Zacks Rank #4 (Sell). With respect to valuation, NRG Energy is currently being traded at a Forward P/E ratio of 15.47. For comparison, its industry has an average Forward P/E of 17.69, which means NRG Energy is trading at a discount to the group. The Utility - Electric Power industry is part of the Utilities sector. Currently, this industry holds a Zacks Industry Rank of 62, positioning it in the top 26% of all 250+ industries. The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. 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. Research Chief Names "Single Best Pick to Double"From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant 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 NRG Energy, Inc. (NRG): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks