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Entergy Corporation (ETR) Beats on Q3 Earnings Estimates
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New Orleans, LA based Entergy Corporation (ETR - Free Report) is primarily engaged in electric power production and retail distribution of power. Entergy's disciplined investments in growth projects are expected to be the major drivers for earnings over the long haul. Entergy plans to invest $10.45 billion in the 2016–2018 time frame, with the major share going to its generation and transmission business.
Moreover, the company is focused on maximizing shareholder value and has a current dividend yield of 4.72%, much higher than the industry average of 3.57%, which has propelled investor’s interest in the stock.
However, the company depends upon rate relief at regular intervals and any adverse decision can materially impact the company’s earnings.
Estimate Trend & Surprise History
Investors should note that the third quarter Zacks Consensus Estimate for earnings of $1.95 per share has decreased by 3 cents over the last 7 days.
Coming to the earnings surprise, Entergy has surpassed the Zacks Consensus Estimate in three out of the last four quarters, resulting in a negative average surprise of 54.59%.
We have highlighted some of the key details from the just-released announcement below:
Earnings: Entergy’s third-quarter earnings of $2.31 surpassed the Zacks Consensus Estimate of $1.86 per share.
Revenues: The company posted revenues of $3,125 million in third quarter, compared to our consensus estimate of $3,390 million.
Stock Price: It would be interesting to see how the market reacts to the earnings surprise during the trading session today.
Check back for our full write up on this ETR earnings report later!
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Entergy Corporation (ETR) Beats on Q3 Earnings Estimates
New Orleans, LA based Entergy Corporation (ETR - Free Report) is primarily engaged in electric power production and retail distribution of power. Entergy's disciplined investments in growth projects are expected to be the major drivers for earnings over the long haul. Entergy plans to invest $10.45 billion in the 2016–2018 time frame, with the major share going to its generation and transmission business.
Moreover, the company is focused on maximizing shareholder value and has a current dividend yield of 4.72%, much higher than the industry average of 3.57%, which has propelled investor’s interest in the stock.
However, the company depends upon rate relief at regular intervals and any adverse decision can materially impact the company’s earnings.
Estimate Trend & Surprise History
Investors should note that the third quarter Zacks Consensus Estimate for earnings of $1.95 per share has decreased by 3 cents over the last 7 days.
Coming to the earnings surprise, Entergy has surpassed the Zacks Consensus Estimate in three out of the last four quarters, resulting in a negative average surprise of 54.59%.
ENTERGY CORP Price and EPS Surprise
ENTERGY CORP Price and EPS Surprise | ENTERGY CORP Quote
Zacks Rank: Currently, Entergy has a Zacks Rank #2 (Buy) but that could change following its third-quarter 2016 earnings report which has just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key details from the just-released announcement below:
Earnings: Entergy’s third-quarter earnings of $2.31 surpassed the Zacks Consensus Estimate of $1.86 per share.
Revenues: The company posted revenues of $3,125 million in third quarter, compared to our consensus estimate of $3,390 million.
Stock Price: It would be interesting to see how the market reacts to the earnings surprise during the trading session today.
Check back for our full write up on this ETR earnings report later!
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>