Entergy Corporation (ETR - Free Report) reported third-quarter 2016 operational earnings of $2.31 per share, beating the Zacks Consensus Estimate of $1.95 by 18.5%. The reported number also improved 21.6% from $1.90 reported a year ago.
On a GAAP basis, Entergy reported third-quarter 2016 earnings of $2.16 per share, while in the year-ago period, it had incurred a loss of $4.04.
Total Revenue
In the quarter under review, Entergy reported total revenue of $3,124.7 million, missing the Zacks Consensus Estimate of $3,390 by 7.8%. Revenues were also down 7.3% from the year-ago tally of $3,371.4 million.
Segment Results
Utility, Parent & Other: The segment’s quarterly earnings of $1.98 per share increased from $1.56 reported in the prior-year quarter.
Entergy Wholesale Commodities (EWC): The segment reported operating earnings of 19 cents per share for the third quarter, compared with 18 cents earned in the year-ago quarter.
Financial Highlights
As of Sep 30, 2016, the company had cash and cash equivalents of $1,307.4 million, compared with $1,351.0 million as of Sep 30, 2015.
Total debt as of Sep 30, 2016 was $13.9 billion, compared with $13.1 billion as of Sep 30, 2015.
For third-quarter 2016, cash from operating activities was $1,000.3 million, down from $1,011.3 million in the prior-year quarter.
Guidance
For 2016, Entergy reaffirmed its operational earnings per share guidance in the $6.60−$7.40 band.
The Utility, Parent & Other’s adjusted earnings are still expected in the range of $4.20 to $4.50 per share.
Upcoming Peer Releases
DTE Energy Company (DTE - Free Report) will report third-quarter results on Oct 26. The company has an Earnings ESP of +4.64% and a Zacks Rank #2 (Buy).
CMS Energy Corp. (CMS - Free Report) will report third-quarter results on Oct 27. The company has an Earnings ESP of +5.26% and a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
American Electric Power Co., Inc. (AEP - Free Report) will report third-quarter results on Nov 1. The company has an Earnings ESP of +1.68% and a Zacks Rank #3 (Hold).
Zacks Rank
Entergy currently has a Zacks Rank #2.
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Entergy Corporation (ETR - Free Report) reported third-quarter 2016 operational earnings of $2.31 per share, beating the Zacks Consensus Estimate of $1.95 by 18.5%. The reported number also improved 21.6% from $1.90 reported a year ago.
On a GAAP basis, Entergy reported third-quarter 2016 earnings of $2.16 per share, while in the year-ago period, it had incurred a loss of $4.04.
Total Revenue
In the quarter under review, Entergy reported total revenue of $3,124.7 million, missing the Zacks Consensus Estimate of $3,390 by 7.8%. Revenues were also down 7.3% from the year-ago tally of $3,371.4 million.
Segment Results
Utility, Parent & Other: The segment’s quarterly earnings of $1.98 per share increased from $1.56 reported in the prior-year quarter.
Entergy Wholesale Commodities (EWC): The segment reported operating earnings of 19 cents per share for the third quarter, compared with 18 cents earned in the year-ago quarter.
Financial Highlights
As of Sep 30, 2016, the company had cash and cash equivalents of $1,307.4 million, compared with $1,351.0 million as of Sep 30, 2015.
Total debt as of Sep 30, 2016 was $13.9 billion, compared with $13.1 billion as of Sep 30, 2015.
For third-quarter 2016, cash from operating activities was $1,000.3 million, down from $1,011.3 million in the prior-year quarter.
Guidance
For 2016, Entergy reaffirmed its operational earnings per share guidance in the $6.60−$7.40 band.
The Utility, Parent & Other’s adjusted earnings are still expected in the range of $4.20 to $4.50 per share.
Upcoming Peer Releases
DTE Energy Company (DTE - Free Report) will report third-quarter results on Oct 26. The company has an Earnings ESP of +4.64% and a Zacks Rank #2 (Buy).
CMS Energy Corp. (CMS - Free Report) will report third-quarter results on Oct 27. The company has an Earnings ESP of +5.26% and a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
American Electric Power Co., Inc. (AEP - Free Report) will report third-quarter results on Nov 1. The company has an Earnings ESP of +1.68% and a Zacks Rank #3 (Hold).
Zacks Rank
Entergy currently has a Zacks Rank #2.
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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