Analysts forecast second-quarter revenue of $6.13 billion, which would be up 3% sequentially and by 21.6% year over year. Adjusted EPS are forecast at $1.29, down 17.7% sequentially and 9.8% lower year over year. For the full 2022 fiscal year, analysts expect to see EPS of $5.58, down 3.6%, on sales of $23.89 billion, up nearly 17%.
The stock trades at 2.9 times expected 2022 EPS, 5.0 times estimated 2023 earnings of $3.31 and 4.7 times estimated 2024 earnings of $3.52 per share. The stock’s 52-week trading range is $14.31 to $34.04, and the company does not pay an annual dividend. Total shareholder return over the past year was negative 18%.
Shares of regulated electricity company NextEra Energy Inc. (NYSE: NEE) have risen by about 4.4% over the past 12 months. The Florida-based utility is the world’s largest producer of electricity using solar and wind energy and, in April, it reported a backlog of more than 18,000 megawatts of renewable energy projects. A two-year delay in new tariffs on imported solar modules boosted the stock price, but rising costs have recently given investors a reason to look more carefully at the company’s near-term prospects.
Of the 20 ratings on NextEra stock, 15 are Buy or Strong Buy. The other analysts rate the shares at Hold. At a price of around $78.20 a share, the upside potential based on a median price target of $90.00 is about 15%. At the high price target of $111.00, the implied gain is almost 42%.
Second-quarter revenue is forecast to come in at $5.26 billion, up 82.2% sequentially and 33.8% higher year over year. Adjusted EPS are forecast at $0.75, up nearly 1.4% sequentially and by 5.6% year over year. For full fiscal 2022, current estimates call for EPS of $2.86, up 12.1%, on sales of $20.97 billion, up 22.8%.
NextEra shares trade at 27.3 times expected 2022 EPS, 25.4 times estimated 2023 earnings of $3.08 and 23.3 times estimated 2024 earnings of $3.35 per share. The stock’s 52-week range is $67.22 to $93.73, and NextEra pays an annual dividend of $1.62 (yield of 2.05%). Total shareholder return over the past 12 months was 3.2%.
The largest U.S.-based oilfield services company, Schlumberger Ltd. (NYSE: SLB), has seen its stock price rise by about 30% over the past 12 months, well below the gains posted by its two main rivals, Baker Hughes and Halliburton. Last month, a Saudi oilfield services company in which Schlumberger holds a 79% stake received approval to list 30% of its shares on Saudi Arabia’s Tadawul stock exchange. The total value of the Saudi company is about $1.4 billion.
Analysts remain solidly bullish on Schlumberger. Of 29 brokerages covering the stock, 26 have a Buy or Strong Buy and the others rate the shares at Hold. At a share price of around $33.30, the implied upside based on a median price target of $50.00 is about 50.2%. At the high target of $59.00, the upside potential is 77.2%.
Second-quarter revenue is forecast at $6.28 billion, up 5.4% sequentially and by 11.5% year over year. Adjusted EPS are forecast at $0.40, up 17.6% sequentially and 33% higher year over year. For the full 2022 fiscal year, analysts expect Schlumberger to post EPS of $1.87, up 46.5%, on sales of $26.2 billion, up 14.3%.
Schlumberger shares trade at 17.9 times expected 2022 EPS, 12.6 times estimated 2023 earnings of $2.67 and 10.7 times estimated 2024 earnings of $3.12 per share. The stock’s 52-week range is $25.89 to $49.83. Schlumberger pays an annual dividend of $0.50 (yield of 2.09%). Over the past 12 months, total shareholder return was 25.1%.
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