Entergy's (ETR) Q4 Earnings Lag Estimates, Revenues Fall Y/Y

Zacks Equity Research Published on February 22, 2024

Entergy Corporation (ETR - Free Report) reported fourth-quarter 2023 adjusted earnings of 52 cents per share, which missed the Zacks Consensus Estimate of 55 cents by 5.5%.

The company reported GAAP earnings per share of $4.64, up significantly from the year-ago quarter’s level of 51 cents.

For 2023, Entergy reported adjusted earnings of $6.77 per share, which matched the Zacks Consensus Estimate. The full-year bottom line improved 5.5% from $6.42 per share in 2022.

Q4 Revenues

Entergy reported revenues of $2.72 billion, which missed the Zacks Consensus Estimate of $3.27 billion by 16.6%. The figure also declined 16.7% from $3.27 billion reported in the year-ago quarter due to lower revenues from all of its segments.

For 2023, the company reported revenues of $12.15 billion, which missed the Zacks Consensus Estimate of $12.70 billion by 4.3%. The top line also declined 11.7% from $13.76 billion reported in 2022.

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