NextEra Energy Affirms Previous Earnings Guidance
July 24 2020 - 8:40AM
Dow Jones News
By Matt Grossman
NextEra Energy Inc. on Friday affirmed previously issued
financial guidance forecasting 6% to 8% adjusted earnings per share
growth annually in 2021 and 2022.
The Juno Beach, Fla.-based utility said it expects full-year
2020 adjusted earnings to be between $8.70 a share and $9.20 a
share. Analysts polled by FactSet have forecast full-year earnings
of $9.09 a share.
Operating cash flow is expected to grow in line with adjusted
earnings, NextEra said.
"I will be disappointed if we are not able to deliver financial
results at or near the top end of our adjusted earnings per share
expectations ranges in 2020, 2021 and 2022," Chairman and Chief
Executive Jim Robo said.
The guidance accounts for a reasonable range of impacts and
outcomes from the Covid-19 pandemic, Mr. Robo added.
Write to Matt Grossman at matt.grossman@wsj.com
(END) Dow Jones Newswires
July 24, 2020 08:25 ET (12:25 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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