NextEra Energy Partners, LP


NEP

is scheduled to release second-quarter 2021 earnings on Jul 23, before market open. The partnership delivered an earnings surprise of 582.1% in the last reported quarter.

Let’s focus on the factors that might have impacted the firm’s earnings in the June quarter.

Factors to Consider

NextEra Energy Partners’ efforts to execute long-term strategic objectives and focus on the United States are expected to have boosted its second-quarter performance. The firm is likely to have gained from contribution from the assets acquired in 2020.

The company is expected to have continuously enjoyed the benefits of lower financing cost in second quarter due to conversion of debts to equity in 2020. The firm is also expected to have benefited from the high-quality clean energy portfolio developed through organic initiatives and acquisitions.

Expectation

The Zacks Consensus Estimate for second-quarter earnings and revenues is pegged at 67 cents per unit and $328.01 million, respectively. The projected revenues indicate a rise of 29.7%, while earnings per suggest a decline of 2.9% from the year-ago reported number.

What Our Quantitative Model Predicts

Our proven model predicts an earnings beat for NextEra Energy Partners this time around. A stock needs to have both a positive

Earnings ESP

and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) to surpass estimates. That is the case here as you will see below. You can see


the complete list of today’s Zacks #1 Rank stocks here


.

Earnings ESP

: It has an Earnings ESP of +8.63%. You can uncover the best stocks to buy or sell before they’re reported with our

Earnings ESP Filter

.

Zacks Rank

: Currently, NextEra Energy Partners sports a Zacks Rank #1.

Stocks to Consider

You can also consider some other stocks from the

industry

that have the right combination of elements to deliver an earnings beat this season.

Ameresco, Inc.


AMRC

is set to release second-quarter 2021 results on Aug 2. It has an Earnings ESP of +9.62% and a Zacks Rank of 3.

Clearway Energy, Inc.


CWEN

is set to release second-quarter 2021 results on Aug 3. It has an Earnings ESP of +12.24% and a Zacks Rank of 3.

Ormat Technologies Inc.


ORA

is set to release second-quarter 2021 results on Aug 4. It has an Earnings ESP of +1.64% and a Zacks Rank of 3.

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