Valued at $22.8 billion by market cap, NRG Energy, Inc. (NRG) engages in the production, sales and delivery of energy and energy products & services to residential, industrial and commercial consumers in major competitive power markets in the United States. The Houston-based utilities major is expected to announce its fourth-quarter results on Wednesday, Feb. 26.
Ahead of the event, analysts expect NRG to report a non-GAAP profit of $1.06 per share, down 7% from $1.14 per share reported in the year-ago quarter. While the company has surpassed Wall Street’s earnings projections twice over the past four quarters, it missed the estimates on two other occasions. Its adjusted EPS for the last reported quarter increased 14.2% year-over-year to $1.85, missing the consensus estimates by 9.8%.
