In the latest market close, NRG Energy (NRG) reached $98.54, with a +1.87% movement compared to the previous day. This move outpaced the S&P 500's daily gain of 0.16%. Meanwhile, the Dow experienced a rise of 0.25%, and the technology-dominated Nasdaq saw a decrease of 0.06%.

The power company's shares have seen an increase of 3.2% over the last month, surpassing the Utilities sector's loss of 6.81% and the S&P 500's loss of 2.8%.

Market participants will be closely following the financial results of NRG Energy in its upcoming release. It is anticipated that the company will report an EPS of $1.06, marking a 7.02% fall compared to the same quarter of the previous year.

Investors should also take note of any recent adjustments to analyst estimates for NRG Energy. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.

Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection has moved 0.44% higher. NRG Energy is currently sporting a Zacks Rank of #3 (Hold).

In terms of valuation, NRG Energy is currently trading at a Forward P/E ratio of 12.84. This indicates a discount in contrast to its industry's Forward P/E of 15.97.

Meanwhile, NRG's PEG ratio is currently 1.14. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Utility - Electric Power industry had an average PEG ratio of 2.49 as trading concluded yesterday.

The Utility - Electric Power industry is part of the Utilities sector. This industry, currently bearing a Zacks Industry Rank of 91, finds itself in the top 37% echelons of all 250+ industries.

The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.

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