PREVIEW: NextEra Energy seen reporting higher rev, EPS in results Wednesday

NextEra Energy

Tue 20:33

        ** Shares of NextEra Energy NEE.N were up 1.0% late on Tues, with the company seen reporting higher rev and EPS in its qtrly results, due before the bell on Weds
** The electric utility and renewable energy co is expected to report Q3 rev of $8.63 bln vs $7.97 bln in the yr-ago period, and adj EPS of $1.18 vs $1.13 yr-ago, per LSEG
** The co has beaten or met analyst expectations in all of the past eight reporting periods, based on LSEG data
** In July, the co beat Wall Street estimates for Q2 profit, helped by rising electricity demand from data centers that boosted its utility and renewable energy businesses
** NextEra  in Sept said it has secured a US Department of Energy loan of up to $1.9 bln to support the restart of its Duane Arnold Energy Center in Iowa, as the country seeks to add power generation capacity to meet rising demand
** Fourteen of 22 analysts rate the stock "buy" or "strong buy," seven rate it a "hold" and one rates it a "sell"
** Stock has fallen 1.6% YTD, underperforming a nearly 13% gain in the S&P 500 .SPX

(Reporting by Caroline Valetkevitch )
((caroline.valetkevitch@thomsonreuters.com))