Nuveen AMT-Free Quality Municipal Income Fund

NYSE:NEA Stock Report

Market Cap: US$3.3b

Nuveen AMT-Free Quality Municipal Income Fund Past Earnings Performance

Past criteria checks 3/6

Nuveen AMT-Free Quality Municipal Income Fund's earnings have been declining at an average annual rate of -17%, while the Capital Markets industry saw earnings growing at 7.9% annually. Revenues have been growing at an average rate of 0.01% per year. Nuveen AMT-Free Quality Municipal Income Fund's return on equity is 15.4%, and it has net margins of 209.2%.

Key information

-17.00%

Earnings growth rate

-18.35%

EPS growth rate

Capital Markets Industry Growth10.26%
Revenue growth rate0.013%
Return on equity15.41%
Net Margin209.25%
Last Earnings Update31 Oct 2024

Recent past performance updates

No updates

Recent updates

NEA: The Risk-Reward Has Gotten A Little Less Attractive (Rating Downgrade)

Feb 27

NEA: Smart Buy For Continued Bounce-Back Muni Market In 2024

Apr 24

NEA: Looking At The Positives, And A Future Concern

Jan 16

NEA Offering Deepest Discount Among Nuveen Municipal CEFs

Oct 14

NEA: The Leverage Hurdle Was Too High To Climb

Jun 14

Nuveen AMT-Free Quality Municipal Income Fund declares $0.035 dividend

Feb 07

Nuveen AMT-Free Quality Municipal Income Fund declares $0.0445 dividend

Dec 06

Nuveen AMT-Free Quality Municipal Income Fund declares $0.0445 dividend

Nov 04

Nuveen AMT-Free Quality Municipal Income Fund declares $0.0445 dividend

Oct 06

Nuveen AMT-Free Quality Municipal Income Fund declares $0.0525 dividend

Sep 02

Nuveen AMT-Free Quality Municipal Income Fund declares $0.0525 dividend

Aug 08

NEA: Can This Fund Keep Moving Higher? Reasons Why I Think So

Jul 29

Nuveen AMT-Free Quality Municipal Income Fund declares $0.0525 dividend

Jul 06

NEA: An Opportunity To Buy What Everyone Is Selling

Mar 25

NEA: A Neutral Rating Still Makes Sense Here

Nov 05

NEA: Looking A Bit Pricey, But So Is Everything Else

Jul 05

Revenue & Expenses Breakdown

How Nuveen AMT-Free Quality Municipal Income Fund makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NYSE:NEA Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Oct 24273571500
31 Jul 24272309490
30 Apr 2427148490
31 Jan 2426941490
31 Oct 2326835490
31 Jul 2326811490
30 Apr 23268-13500
31 Jan 23266-539510
31 Oct 22263-1,066520
31 Jul 22263-826540
30 Apr 22263-586550
31 Jan 22266-166550
31 Oct 21269255550
31 Jul 21270435540
30 Apr 21270616520
31 Jan 21270390510
31 Oct 20271163500
31 Jul 2027089500
30 Apr 2027014490
31 Jan 20269278490
31 Oct 19268542480
31 Jul 19269414480
30 Apr 19270285480
31 Jan 19269112480
31 Oct 18268-61490
31 Jul 1826640480
30 Apr 18264142480
31 Jan 18263130480
31 Oct 17262118480
31 Jul 172291430
30 Apr 17196-115370
31 Jan 17149-40290
31 Oct 1610236200
31 Jul 168969180
30 Apr 1676103150
31 Jan 167771150
31 Oct 157839150
31 Jul 157971150
30 Apr 1579102150
31 Jan 1580138150
31 Oct 1480175150
31 Jul 147979150

Quality Earnings: NEA has a large one-off gain of $441.7M impacting its last 12 months of financial results to 31st October, 2024.

Growing Profit Margin: NEA's current net profit margins are higher than last year (12.9%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: NEA's earnings have declined by 17% per year over the past 5 years.

Accelerating Growth: NEA's earnings growth over the past year (1551.4%) exceeds its 5-year average (-17% per year).

Earnings vs Industry: NEA earnings growth over the past year (1551.4%) exceeded the Capital Markets industry 18.2%.

Return on Equity

High ROE: NEA's Return on Equity (15.4%) is considered low.

Return on Assets

Return on Capital Employed

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/05/19 12:24
End of Day Share Price 2025/05/19 00:00
Earnings2024/10/31
Annual Earnings2024/10/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Nuveen AMT-Free Quality Municipal Income Fund is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Kristoph RollenhagenOppenheimer & Co. Inc.
Alexander ReissStifel, Equities Research