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) Q4 Earnings Beat Estimates, Revenues Miss
Read MoreHide Full Article
Entergy Corporation (ETR - Free Report) reported fourth-quarter 2020 adjusted earnings of 71 cents per share, which surpassed the Zacks Consensus Estimate of 68 cents by 4.4%. However, the reported figure also increased 4.4% from 68 cents in the year-ago quarter.
Excluding the effects of special items, the company reported GAAP earnings of $1.93 per share compared to the GAAP earnings of $1.92 a year ago.
For 2020, the company reported adjusted earnings of $5.66 per share, which outpaced the Zacks Consensus Estimate of $5.64 by 0.4%. The bottom line also grew 4.8% from $5.40 in the prior year.
Total Revenues
Entergy Corp.’s fourth-quarter revenues of $2,370.1 million missed the Zacks Consensus Estimate of $2,500 million by 5.2%. Further, revenues declined 2.5% from $2,462.3 million in the year-ago quarter, primarily due to lower Electric and Natural gas revenues.
For 2020, the company’s total revenues amounted to $10.11 billion, which missed the Zacks Consensus Estimate of $11.17 billion by 9.5%. Further, the reported figure slipped 7.1% from the year-ago quarter’s $10.88 billion.
Segment Results
Utility: The segment’s quarterly adjusted earnings came in at $1.03 per share compared with $1.14 in the prior-year quarter.
Parent & Other: The segment incurred an adjusted loss of 32 cents per share compared with a loss of 46 cents in the prior-year quarter.
Highlights of the Release
Operating expenses in the quarter summed $2.22 billion, up 0.2% from $2.21 billion in the year-ago quarter.
Operating income during the quarter totaled $152.1 million compared to $248.5 million in the year-ago quarter.
Interest expenses were $207.8 million, up 1.9% from $203.9 million in the year-ago quarter.
In the reported quarter, total retail customers served by the company increased 1% to nearly 2.95 million.
Financial Highlights
As of Dec 31, 2020, the company had cash and cash equivalents of $1,759.1 million compared with $425.7 million as of Dec 31, 2019.
Long-term debt was $21.2 billion at the end of 2020 compared with $17.1 billion as of Dec 31, 2019.
At the end of 2020, the company generated cash from operating activities of $2.69 billion, down from $2.82 billion in the prior year.
Entergy Corporation Price, Consensus and EPS Surprise
For 2021, Entergy expects operational earnings of $5.80-$6.10 per share. The Zacks Consensus Estimate for the company’s earnings is currently pegged at $5.88 per share, lower than the midpoint of the guided range.
Xcel Energy Inc. (XEL - Free Report) posted fourth-quarter 2020 operating earnings of 54 cents per share, in line with the Zacks Consensus Estimate.
NextEra Energy, Inc. (NEE - Free Report) reported fourth-quarter 2020 adjusted earnings of 40 cents per share, which beat the Zacks Consensus Estimate of 39 cents by 2.6%.
CMS Energy Corp. (CMS - Free Report) reported fourth-quarter 2020 adjusted earnings per share of 56 cents, which surpassed the Zacks Consensus Estimate of 55 cents by 1.8%.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
Image: Bigstock
Entergy's (ETR) Q4 Earnings Beat Estimates, Revenues Miss
Entergy Corporation (ETR - Free Report) reported fourth-quarter 2020 adjusted earnings of 71 cents per share, which surpassed the Zacks Consensus Estimate of 68 cents by 4.4%. However, the reported figure also increased 4.4% from 68 cents in the year-ago quarter.
Excluding the effects of special items, the company reported GAAP earnings of $1.93 per share compared to the GAAP earnings of $1.92 a year ago.
For 2020, the company reported adjusted earnings of $5.66 per share, which outpaced the Zacks Consensus Estimate of $5.64 by 0.4%. The bottom line also grew 4.8% from $5.40 in the prior year.
Total Revenues
Entergy Corp.’s fourth-quarter revenues of $2,370.1 million missed the Zacks Consensus Estimate of $2,500 million by 5.2%. Further, revenues declined 2.5% from $2,462.3 million in the year-ago quarter, primarily due to lower Electric and Natural gas revenues.
For 2020, the company’s total revenues amounted to $10.11 billion, which missed the Zacks Consensus Estimate of $11.17 billion by 9.5%. Further, the reported figure slipped 7.1% from the year-ago quarter’s $10.88 billion.
Segment Results
Utility: The segment’s quarterly adjusted earnings came in at $1.03 per share compared with $1.14 in the prior-year quarter.
Parent & Other: The segment incurred an adjusted loss of 32 cents per share compared with a loss of 46 cents in the prior-year quarter.
Highlights of the Release
Operating expenses in the quarter summed $2.22 billion, up 0.2% from $2.21 billion in the year-ago quarter.
Operating income during the quarter totaled $152.1 million compared to $248.5 million in the year-ago quarter.
Interest expenses were $207.8 million, up 1.9% from $203.9 million in the year-ago quarter.
In the reported quarter, total retail customers served by the company increased 1% to nearly 2.95 million.
Financial Highlights
As of Dec 31, 2020, the company had cash and cash equivalents of $1,759.1 million compared with $425.7 million as of Dec 31, 2019.
Long-term debt was $21.2 billion at the end of 2020 compared with $17.1 billion as of Dec 31, 2019.
At the end of 2020, the company generated cash from operating activities of $2.69 billion, down from $2.82 billion in the prior year.
Entergy Corporation Price, Consensus and EPS Surprise
Entergy Corporation price-consensus-eps-surprise-chart | Entergy Corporation Quote
Guidance 2021
For 2021, Entergy expects operational earnings of $5.80-$6.10 per share. The Zacks Consensus Estimate for the company’s earnings is currently pegged at $5.88 per share, lower than the midpoint of the guided range.
Zacks Rank
Entergy currently carries a Zacks Rank #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Recent Utility Releases
Xcel Energy Inc. (XEL - Free Report) posted fourth-quarter 2020 operating earnings of 54 cents per share, in line with the Zacks Consensus Estimate.
NextEra Energy, Inc. (NEE - Free Report) reported fourth-quarter 2020 adjusted earnings of 40 cents per share, which beat the Zacks Consensus Estimate of 39 cents by 2.6%.
CMS Energy Corp. (CMS - Free Report) reported fourth-quarter 2020 adjusted earnings per share of 56 cents, which surpassed the Zacks Consensus Estimate of 55 cents by 1.8%.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
See 8 breakthrough stocks now>>