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Entergy Corporation's (ETR) Q3 Earnings & Revenues Up Y/Y
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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
Coming to the earnings surprise, Entergy has surpassed the Zacks Consensus Estimate in three of the last four quarters, resulting in a positive average surprise of 88.21%.
Key Stats: The company registered a 0.6% 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 earnings release during the trading session today.
Check back for our full write up on this ETR earnings report later!
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It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
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Entergy Corporation's (ETR) Q3 Earnings & Revenues Up Y/Y
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
Coming to the earnings surprise, Entergy has surpassed the Zacks Consensus Estimate in three of the last four quarters, resulting in a positive average surprise of 88.21%.
Zacks Rank: Currently, Entergy has a Zacks Rank #3 (Hold) but that could change following its third-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 third quarter adjusted earnings per share came in at $2.35, up from $2.31 per share in the third quarter of 2016.
Revenues: The company reported revenues of $3,244 million in the third quarter, up from $3,125 million in the year-ago quarter.
Entergy Corporation Price and EPS Surprise
Entergy Corporation Price and EPS Surprise | Entergy Corporation Quote
Key Stats: The company registered a 0.6% 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 earnings release during the trading session today.
Check back for our full write up on this ETR earnings report later!
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>