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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 $10.4 billion in the 2017–2019 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 4.53%, much higher than the industry average of 3.55%, 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 first quarter Zacks Consensus Estimate for earnings of $1.06 per share has remained same over the last 60 days.
Coming to the earnings surprise, Entergy has surpassed the Zacks Consensus Estimate in the last four quarters, resulting in a positive average surprise of 104.4%.
We have highlighted some of the key details from the just-released announcement below:
Earnings: Entergy’s first quarter earnings missed expectation. Adjusted earnings per share came in at 99 cents lagging the Zacks Consensus Estimate of $1.06 per share by 6.6%.
Revenues: The company posted revenues of $2,588.5 million in first quarter, beating the Zacks Consensus estimate of $2,566 million.
Key Stats: The company registered a 1.1% year over year improvement in total retail customer count in the reported quarter.
Stock Price: It would be interesting to see how the market reacts to the negative earnings surprise during the trading session today.
Check back for our full write up on this ETR earnings report later!
Zacks’ Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Click here for Zacks' private trades >>
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Entergy (ETR) Misses Q1 Earnings Estimate, Beats Revenues
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 $10.4 billion in the 2017–2019 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 4.53%, much higher than the industry average of 3.55%, 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 first quarter Zacks Consensus Estimate for earnings of $1.06 per share has remained same over the last 60 days.
Coming to the earnings surprise, Entergy has surpassed the Zacks Consensus Estimate in the last four quarters, resulting in a positive average surprise of 104.4%.
Zacks Rank: Currently, Entergy has a Zacks Rank #3 (Hold) but that could change following its first-quarter 2017 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 first quarter earnings missed expectation. Adjusted earnings per share came in at 99 cents lagging the Zacks Consensus Estimate of $1.06 per share by 6.6%.
Entergy Corporation Price and EPS Surprise
Entergy Corporation Price and EPS Surprise | Entergy Corporation Quote
Revenues: The company posted revenues of $2,588.5 million in first quarter, beating the Zacks Consensus estimate of $2,566 million.
Key Stats: The company registered a 1.1% year over year improvement in total retail customer count in the reported quarter.
Stock Price: It would be interesting to see how the market reacts to the negative earnings surprise during the trading session today.
Check back for our full write up on this ETR earnings report later!
Zacks’ Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Click here for Zacks' private trades >>