Entergy Corporation (ETR - Free Report) reported fourth-quarter 2016 operational earnings of 31 cents per share, beating the Zacks Consensus Estimate of 11 cents by 181.8%. The reported number, however, declined 80.4% from $1.58 reported a year ago.
On a GAAP basis, Entergy reported fourth-quarter 2016 loss of $9.88 per share, while in the year-ago period it had incurred an earnings of 56 cents.
For 2016, the company reported adjusted EPS of $7.11, beating the Zacks Consensus Estimate of $6.83 by 4.1%. Year over year, this figure improved 18.5% from $6.00 in 2015.
Total Revenue
In the quarter under review, Entergy reported total revenue of $2,648.5 million, missing the Zacks Consensus Estimate of $2,937 by 9.8%. Nevertheless, revenues were up 5.6% from the year-ago tally of $2,508.5 million.
For 2016, the company generated total revenue of $10.85 billion, which missed the Zacks Consensus Estimate of $11.61 billion by 7%. The revenue figure also declined 5.7% from $11.51 billion in 2015.
Segment Results
Utility, Parent & Other: The segment’s quarterly earnings were 27 cents per share compared to a loss of 12 cents in the prior-year quarter.
Entergy Wholesale Commodities (EWC): The segment reported operating loss of 4 cents per share for the fourth quarter, compared with 16 cents earned in the year-ago quarter.
Financial Highlights
As of Dec 31, 2016, the company had cash and cash equivalents of $1,187.8 million compared with $1,351.0 million as of Dec 31, 2015.
Total debt as of Dec 31, 2016 was $14.5 billion compared with $13.1 billion as of Dec 31, 2015.
For fourth-quarter 2016, cash from operating activities was $746.3 million, down from $941.5 million in the prior-year quarter.
Guidance
For 2017, Entergy expects operational earnings per share in the band of $4.75−$5.35.
The Utility, Parent & Other’s adjusted earnings are expected in the range of $4.25 to $4.55 per share.
Peer Releases
American Electric Power Co., Inc. (AEP - Free Report) reported fourth-quarter 2016 operating EPS of 67 cents, beating the Zacks Consensus Estimate of 55 cents by 21.8%.
NextEra Energy, Inc. (NEE - Free Report) reported fourth-quarter 2016 adjusted EPS of $1.21, missing the Zacks Consensus Estimate of $1.29 by 6.2%. Nonetheless, reported earnings were up 3.4% year over year.
CMS Energy Corporation (CMS - Free Report) reported fourth-quarter 2016 adjusted EPS of 29 cents, in line with the Zacks Consensus Estimate. Quarterly earnings, however, tanked 23.7% year over year.
Zacks Rank
Entergy currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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Entergy Corporation (ETR - Free Report) reported fourth-quarter 2016 operational earnings of 31 cents per share, beating the Zacks Consensus Estimate of 11 cents by 181.8%. The reported number, however, declined 80.4% from $1.58 reported a year ago.
On a GAAP basis, Entergy reported fourth-quarter 2016 loss of $9.88 per share, while in the year-ago period it had incurred an earnings of 56 cents.
For 2016, the company reported adjusted EPS of $7.11, beating the Zacks Consensus Estimate of $6.83 by 4.1%. Year over year, this figure improved 18.5% from $6.00 in 2015.
Total Revenue
In the quarter under review, Entergy reported total revenue of $2,648.5 million, missing the Zacks Consensus Estimate of $2,937 by 9.8%. Nevertheless, revenues were up 5.6% from the year-ago tally of $2,508.5 million.
For 2016, the company generated total revenue of $10.85 billion, which missed the Zacks Consensus Estimate of $11.61 billion by 7%. The revenue figure also declined 5.7% from $11.51 billion in 2015.
Segment Results
Utility, Parent & Other: The segment’s quarterly earnings were 27 cents per share compared to a loss of 12 cents in the prior-year quarter.
Entergy Wholesale Commodities (EWC): The segment reported operating loss of 4 cents per share for the fourth quarter, compared with 16 cents earned in the year-ago quarter.
Financial Highlights
As of Dec 31, 2016, the company had cash and cash equivalents of $1,187.8 million compared with $1,351.0 million as of Dec 31, 2015.
Total debt as of Dec 31, 2016 was $14.5 billion compared with $13.1 billion as of Dec 31, 2015.
For fourth-quarter 2016, cash from operating activities was $746.3 million, down from $941.5 million in the prior-year quarter.
Guidance
For 2017, Entergy expects operational earnings per share in the band of $4.75−$5.35.
The Utility, Parent & Other’s adjusted earnings are expected in the range of $4.25 to $4.55 per share.
Peer Releases
American Electric Power Co., Inc. (AEP - Free Report) reported fourth-quarter 2016 operating EPS of 67 cents, beating the Zacks Consensus Estimate of 55 cents by 21.8%.
NextEra Energy, Inc. (NEE - Free Report) reported fourth-quarter 2016 adjusted EPS of $1.21, missing the Zacks Consensus Estimate of $1.29 by 6.2%. Nonetheless, reported earnings were up 3.4% year over year.
CMS Energy Corporation (CMS - Free Report) reported fourth-quarter 2016 adjusted EPS of 29 cents, in line with the Zacks Consensus Estimate. Quarterly earnings, however, tanked 23.7% year over year.
Zacks Rank
Entergy currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Zacks' Top Investment Ideas for Long-Term Profit
How would you like to see our best recommendations to help you find today’s most promising long-term stocks? Starting now, you can look inside our portfolios featuring stocks under $10, income stocks, value investments and more. These picks, which have double and triple-digit profit potential, are rarely available to the public. But you can see them now. Click here >>
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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