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Entergy (ETR) Beats Q3 Earnings and Revenue 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 $11.2 billion in the 2018–2020 time frame, with the major share going to its generation and transmission business.
However, the company depends upon rate relief at regular intervals and any adverse decision can materially impact the company’s earnings.
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 29.72%.
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 $3.77, which surpassed the Zacks Consensus Estimate of $2.83 by 33.2%.
Revenues: Entergy reported total revenue of $3,104.3 million, surpassing the Zacks Consensus Estimate of $2,847 by 9%.
Key Stats: The company registered a 0.5% year over year improvement in total retail customer count in third-quarter of 2018.
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!
3 Medical Stocks to Buy Now
The greatest discovery in this century of biology is now at the flashpoint between theory and realization. Billions of dollars in research have poured into it. Companies are already generating revenue, and cures for a variety of deadly diseases are in the pipeline.
So are big potential profits for early investors. Zacks has released an updated Special Report that explains this breakthrough and names the best 3 stocks to ride it.
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Entergy (ETR) Beats Q3 Earnings and Revenue 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 $11.2 billion in the 2018–2020 time frame, with the major share going to its generation and transmission business.
However, the company depends upon rate relief at regular intervals and any adverse decision can materially impact the company’s earnings.
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 29.72%.
Zacks Rank: Currently, Entergy sports a Zacks Rank #1 (Strong Buy) but that could change following its third-quarter 2018 earnings report which has just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Entergy Corporation Price and EPS Surprise
Entergy Corporation Price and EPS Surprise | Entergy Corporation Quote
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 $3.77, which surpassed the Zacks Consensus Estimate of $2.83 by 33.2%.
Revenues: Entergy reported total revenue of $3,104.3 million, surpassing the Zacks Consensus Estimate of $2,847 by 9%.
Key Stats: The company registered a 0.5% year over year improvement in total retail customer count in third-quarter of 2018.
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!
3 Medical Stocks to Buy Now
The greatest discovery in this century of biology is now at the flashpoint between theory and realization. Billions of dollars in research have poured into it. Companies are already generating revenue, and cures for a variety of deadly diseases are in the pipeline.
So are big potential profits for early investors. Zacks has released an updated Special Report that explains this breakthrough and names the best 3 stocks to ride it.
See them today for free >>