Wunderlich Securities Adjusts NextEra Energy 2011 Estimate

NextEra Energy (NYSE: NEE) announced 3Q EPS of $1.45 versus $1.38 a year ago and “our estimate of $1.41,” Wunderlich Securities reports.

“Though better than our expectations, EPS were negatively impacted by $0.12 from the adoption of the proposed settlement agreement,” Wunderlich Securities writes. “The management indicated that it expects the settlement to be approved, so it adopted the terms for financial reporting purposes.”

Wunderlich Securities maintains its ‘10 EPS estimate of $4.35, and reduces its ‘11 estimate to $4.45. Meanwhile, Wunderlich Securities' 2012 estimate and Buy rating remain intact.

NextEra Energy currently trades at $55.04.