Entergy Corporation (ETR - Free Report) reported fourth-quarter 2019 adjusted earnings of 68 cents per share, which surpassed the Zacks Consensus Estimate of 66 cents by 3%. However, the reported figure decreased 2.85% from 70 cents in the year-ago quarter.
Excluding the effects of special items, the company reported GAAP earnings of $1.92 per share against a loss of 36 cents a year ago.
For 2019, the company reported adjusted earnings of $5.40 per share, which outpaced the Zacks Consensus Estimate of $5.37 by 0.36%. The bottom line also grew 2.1% from $5.29 in the prior year.
Total Revenues
In the quarter under review, total revenues came in at $2,462.3 million, which declined 2% from the year-ago quarter’s $2,512.5 million.
For 2019, the company’s total revenues amounted to $10.88 billion, which missed the Zacks Consensus Estimate of $11.17 billion by 2.6%. Further, the reported figure slipped 1.1% from the year-ago quarter’s $11 billion.
Segment Results
Utility: The segment’s quarterly adjusted earnings came in at $1.14 per share, in line with the prior-year quarter’s figure.
Parent & Other: The segment incurred an adjusted loss of 46 cents per share compared with a loss of 44 cents in the prior-year quarter.
Entergy Wholesale Commodities (EWC): The segment’s quarterly earnings came in at $1.08 per share against a loss of $2.04 in the year-ago quarter.
Highlights of the Release
Operating expenses in the quarter summed $2.21 billion, down 19.2% from $2.74 billion in the year-ago quarter.
Operating income during the quarter totaled $248.5 million against a loss of $228.9 million in the year-ago quarter.
Interest expenses were $187.9 million, up 4.4% from $180 million in the year-ago quarter.
In the reported quarter, total retail customers served by the company increased 0.8% to nearly 2.92 million.
Entergy Corporation Price, Consensus and EPS Surprise
Financial Highlights
As of Dec 31, 2019, the company had cash and cash equivalents of $425.7 million compared with $481 million, as of Dec 31, 2018.
Long-term debt was $17.1 billion at the end of the fourth quarter compared with $15.52 billion, as of Dec 31, 2018.
At the end of 2019, the company generated cash from operating activities of $2.82 billion, up from $2.39 billion in the prior year.
Guidance
For 2020, Entergy expects operational earnings of $5.45-$5.75 per share. The Zacks Consensus Estimate for the company’s earnings is currently pegged at $5.59 per share, slightly lower than the midpoint of the guided range.
Zacks Rank
Entergy carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Recent Utility Releases
CMS Energy (CMS - Free Report) reported fourth-quarter 2019 adjusted earnings per share (EPS) of 68 cents, up 70% from the year-ago quarter’s reported figure of 40 cents. The bottom line, however, missed the Zacks Consensus
Estimate of 69 cents.
NextEra Energy (NEE - Free Report) reported fourth-quarter 2019 adjusted earnings of $1.44 per share, lagging the Zacks Consensus Estimate of $1.54 by 6.5%.
Dominion Energy (D - Free Report) reported fourth-quarter 2019 operating earnings of $1.18 per share, beating the Zacks Consensus Estimate of $1.16 by 1.7%.
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Entergy Corporation (ETR - Free Report) reported fourth-quarter 2019 adjusted earnings of 68 cents per share, which surpassed the Zacks Consensus Estimate of 66 cents by 3%. However, the reported figure decreased 2.85% from 70 cents in the year-ago quarter.
Excluding the effects of special items, the company reported GAAP earnings of $1.92 per share against a loss of 36 cents a year ago.
For 2019, the company reported adjusted earnings of $5.40 per share, which outpaced the Zacks Consensus Estimate of $5.37 by 0.36%. The bottom line also grew 2.1% from $5.29 in the prior year.
Total Revenues
In the quarter under review, total revenues came in at $2,462.3 million, which declined 2% from the year-ago quarter’s $2,512.5 million.
For 2019, the company’s total revenues amounted to $10.88 billion, which missed the Zacks Consensus Estimate of $11.17 billion by 2.6%. Further, the reported figure slipped 1.1% from the year-ago quarter’s $11 billion.
Segment Results
Utility: The segment’s quarterly adjusted earnings came in at $1.14 per share, in line with the prior-year quarter’s figure.
Parent & Other: The segment incurred an adjusted loss of 46 cents per share compared with a loss of 44 cents in the prior-year quarter.
Entergy Wholesale Commodities (EWC): The segment’s quarterly earnings came in at $1.08 per share against a loss of $2.04 in the year-ago quarter.
Highlights of the Release
Operating expenses in the quarter summed $2.21 billion, down 19.2% from $2.74 billion in the year-ago quarter.
Operating income during the quarter totaled $248.5 million against a loss of $228.9 million in the year-ago quarter.
Interest expenses were $187.9 million, up 4.4% from $180 million in the year-ago quarter.
In the reported quarter, total retail customers served by the company increased 0.8% to nearly 2.92 million.
Entergy Corporation Price, Consensus and EPS Surprise
Financial Highlights
As of Dec 31, 2019, the company had cash and cash equivalents of $425.7 million compared with $481 million, as of Dec 31, 2018.
Long-term debt was $17.1 billion at the end of the fourth quarter compared with $15.52 billion, as of Dec 31, 2018.
At the end of 2019, the company generated cash from operating activities of $2.82 billion, up from $2.39 billion in the prior year.
Guidance
For 2020, Entergy expects operational earnings of $5.45-$5.75 per share. The Zacks Consensus Estimate for the company’s earnings is currently pegged at $5.59 per share, slightly lower than the midpoint of the guided range.
Zacks Rank
Entergy carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Recent Utility Releases
CMS Energy (CMS - Free Report) reported fourth-quarter 2019 adjusted earnings per share (EPS) of 68 cents, up 70% from the year-ago quarter’s reported figure of 40 cents. The bottom line, however, missed the Zacks Consensus
Estimate of 69 cents.
NextEra Energy (NEE - Free Report) reported fourth-quarter 2019 adjusted earnings of $1.44 per share, lagging the Zacks Consensus Estimate of $1.54 by 6.5%.
Dominion Energy (D - Free Report) reported fourth-quarter 2019 operating earnings of $1.18 per share, beating the Zacks Consensus Estimate of $1.16 by 1.7%.
Free: Zacks’ Single Best Stock Set to Double
Today you are invited to download our latest Special Report that reveals 5 stocks with the most potential to gain +100% or more in 2020. From those 5, Zacks Director of Research, Sheraz Mian hand-picks one to have the most explosive upside of all.
This pioneering tech ticker had soared to all-time highs and then subsided to a price that is irresistible. Now a pending acquisition could super-charge the company’s drive past competitors in the development of true Artificial Intelligence. The earlier you get in to this stock, the greater your potential gain.
See 5 Stocks Set to Double>>
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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