We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Entergy's (ETR) Q3 Earnings Beat Estimates, 2018 View Up
Read MoreHide Full Article
Entergy Corporation (ETR - Free Report) reported third-quarter 2018 adjusted earnings of $3.77 per share, which surpassed the Zacks Consensus Estimate of $2.83 by 33.2%. Moreover, the reported figure increased 60.4% from $2.35 in the year-ago quarter.
Excluding the effects of special items, the company’s GAAP earnings came in at $2.92 per share compared with $2.21 a year ago.
Total Revenues
In the quarter under review, Entergy reported total revenues of $3,104.3 million, surpassing the Zacks Consensus Estimate of $2,847 by 9%. However, it fell 4.3% from the year-ago quarter’s $3,244 million.
Segment Results
Utility: The segment’s quarterly adjusted earnings were $2.75 per share compared with $2.22 in the prior-year quarter.
Parent & Other: The segment incurred adjusted loss of 40 cents per share against loss of 32 cents in the prior-year quarter.
Entergy Wholesale Commodities (EWC): The segment reported adjusted earnings of $1.42 per share compared with 45 cents in the year-ago quarter.
Entergy Corporation Price, Consensus and EPS Surprise
Operating expenses in the quarter were $2.83 billion, up 14% from $2.48 billion in the year-ago quarter.
Interest expenses were $195.3 million, up 17% from $166.9 million in the year-ago quarter.
In the reported quarter, total retail customers served by the company increased 0.5% to nearly 2.9 million.
Financial Highlights
As of Sep 30, 2018, the company had cash and cash equivalents of $988 million compared with $781 million as of Dec 31, 2017.
At the end of third quarter, the company generated cash from operating activities of $779.5 million, down from $893.1 million in the prior-year quarter.
Guidance
For 2018, Entergy increased its operational earnings guidance in a band of $6.75-$7.25 per share compared with its prior guidance of $6.25-$6.85.
Utility, and Parent & Other adjusted earnings have been reaffirmed to be $4.50-$4.90 per share.
DTE Energy Company (DTE - Free Report) reported third-quarter 2018 operating earnings per share of $2.13, which outpaced the Zacks Consensus Estimate of $1.74 by 22.4%. The reported figure also improved 43.9% from the year-ago quarter’s $1.48.
NextEra Energy (NEE - Free Report) reported third-quarter 2018 adjusted earnings of $2.18 per share, beating the Zacks Consensus Estimate of $2.17 by 0.46%. Moreover, earnings were up 17.8% on a year-over-year basis.
American Electric Power (AEP - Free Report) reported third-quarter 2018 operating earnings per share of $1.26, surpassing the Zacks Consensus Estimate of $1.23 by 2.4%.
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.
Image: Bigstock
Entergy's (ETR) Q3 Earnings Beat Estimates, 2018 View Up
Entergy Corporation (ETR - Free Report) reported third-quarter 2018 adjusted earnings of $3.77 per share, which surpassed the Zacks Consensus Estimate of $2.83 by 33.2%. Moreover, the reported figure increased 60.4% from $2.35 in the year-ago quarter.
Excluding the effects of special items, the company’s GAAP earnings came in at $2.92 per share compared with $2.21 a year ago.
Total Revenues
In the quarter under review, Entergy reported total revenues of $3,104.3 million, surpassing the Zacks Consensus Estimate of $2,847 by 9%. However, it fell 4.3% from the year-ago quarter’s $3,244 million.
Segment Results
Utility: The segment’s quarterly adjusted earnings were $2.75 per share compared with $2.22 in the prior-year quarter.
Parent & Other: The segment incurred adjusted loss of 40 cents per share against loss of 32 cents in the prior-year quarter.
Entergy Wholesale Commodities (EWC): The segment reported adjusted earnings of $1.42 per share compared with 45 cents in the year-ago quarter.
Entergy Corporation Price, Consensus and EPS Surprise
Entergy Corporation Price, Consensus and EPS Surprise | Entergy Corporation Quote
Highlights of the Release
Operating expenses in the quarter were $2.83 billion, up 14% from $2.48 billion in the year-ago quarter.
Interest expenses were $195.3 million, up 17% from $166.9 million in the year-ago quarter.
In the reported quarter, total retail customers served by the company increased 0.5% to nearly 2.9 million.
Financial Highlights
As of Sep 30, 2018, the company had cash and cash equivalents of $988 million compared with $781 million as of Dec 31, 2017.
At the end of third quarter, the company generated cash from operating activities of $779.5 million, down from $893.1 million in the prior-year quarter.
Guidance
For 2018, Entergy increased its operational earnings guidance in a band of $6.75-$7.25 per share compared with its prior guidance of $6.25-$6.85.
Utility, and Parent & Other adjusted earnings have been reaffirmed to be $4.50-$4.90 per share.
Zacks Rank
Entergy sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Recent Utility Releases
DTE Energy Company (DTE - Free Report) reported third-quarter 2018 operating earnings per share of $2.13, which outpaced the Zacks Consensus Estimate of $1.74 by 22.4%. The reported figure also improved 43.9% from the year-ago quarter’s $1.48.
NextEra Energy (NEE - Free Report) reported third-quarter 2018 adjusted earnings of $2.18 per share, beating the Zacks Consensus Estimate of $2.17 by 0.46%. Moreover, earnings were up 17.8% on a year-over-year basis.
American Electric Power (AEP - Free Report) reported third-quarter 2018 operating earnings per share of $1.26, surpassing the Zacks Consensus Estimate of $1.23 by 2.4%.
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 >>