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Entergy (ETR) to Report Q4 Earnings: What's in the Offing?
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Entergy Corporation (ETR - Free Report) is set to release fourth-quarter and full-year 2023 results on Feb 22, before the opening bell.
Entergy boasts a four-quarter average earnings surprise of 4.35%.
Factors to Consider
For majority of the fourth quarter, Entergy’s service territories witnessed an above-normal weather pattern, with a few regions recording their highest maximum temperature during October. Such a weather pattern is expected to have boosted electricity demand for cooling purposes. This might have contributed to Entergy’s top-line performance in the to-be-reported quarter.
However, an adverse weather pattern, including a few tornados, affected Entergy’s service territories during the fourth quarter. Heavy rain was also witnessed during October 2023. This might have disrupted the company’s services in those areas, partly affecting ETR’s overall revenues.
The Zacks Consensus Estimate for revenues is pegged at $3.27 billion, indicating a year-over-year decline of 0.2%.
The severe weather conditions might have caused some structural damage to the company, thereby increasing its quarterly costs for the repair of infrastructure. This is likely to have hurt ETR’s fourth-quarter earnings.
Nevertheless, strong industrial sales, on account of new and expanding customers and favorable regulatory outcomes, might have aided the company’s overall quarterly bottom-line performance.
The Zacks Consensus Estimate for fourth-quarter earnings is pegged at 55 cents per share, indicating a 7.8% improvement from the year-ago quarter’s recorded number.
Earnings Whispers
Our proven model does not conclusively predict an earnings beat for Entergy this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat, which is not the case here.
Earnings ESP: The company’s Earnings ESP is -0.36 %. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Entergy currently carries a Zacks Rank #3.
Stocks to Consider
Here are three Utility players that have the right combination of elements to come up with an earnings beat this reporting cycle.
The Zacks Consensus Estimate for SWX’s fourth-quarter sales is pegged at $1.27 billion. The consensus mark for earnings stands at 92 cents per share.
Sempra Energy (SRE - Free Report) has an Earnings ESP of +1.18% and a Zacks Rank #3 at present. The Zacks Consensus Estimate for fourth-quarter sales is pegged at $4.03 billion, implying a 16.7% increase from that reported in the prior-year quarter.
The consensus mark for SRE’s earnings is pinned at $1.13 per share. The company delivered a four-quarter average earnings surprise of 9.03%.
ONE Gas (OGS - Free Report) has an Earnings ESP of +0.26% and a Zacks Rank #3 at present. The Zacks Consensus Estimate for fourth-quarter earnings is pinned at $1.27 per share, indicating a 3.3% increase year over year.
The consensus mark for OGS’ sales stands at $815.6 million. The company delivered a four-quarter average earnings surprise of 1.85%.
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Entergy (ETR) to Report Q4 Earnings: What's in the Offing?
Entergy Corporation (ETR - Free Report) is set to release fourth-quarter and full-year 2023 results on Feb 22, before the opening bell.
Entergy boasts a four-quarter average earnings surprise of 4.35%.
Factors to Consider
For majority of the fourth quarter, Entergy’s service territories witnessed an above-normal weather pattern, with a few regions recording their highest maximum temperature during October. Such a weather pattern is expected to have boosted electricity demand for cooling purposes. This might have contributed to Entergy’s top-line performance in the to-be-reported quarter.
Entergy Corporation Price and EPS Surprise
Entergy Corporation price-eps-surprise | Entergy Corporation Quote
However, an adverse weather pattern, including a few tornados, affected Entergy’s service territories during the fourth quarter. Heavy rain was also witnessed during October 2023. This might have disrupted the company’s services in those areas, partly affecting ETR’s overall revenues.
The Zacks Consensus Estimate for revenues is pegged at $3.27 billion, indicating a year-over-year decline of 0.2%.
The severe weather conditions might have caused some structural damage to the company, thereby increasing its quarterly costs for the repair of infrastructure. This is likely to have hurt ETR’s fourth-quarter earnings.
Nevertheless, strong industrial sales, on account of new and expanding customers and favorable regulatory outcomes, might have aided the company’s overall quarterly bottom-line performance.
The Zacks Consensus Estimate for fourth-quarter earnings is pegged at 55 cents per share, indicating a 7.8% improvement from the year-ago quarter’s recorded number.
Earnings Whispers
Our proven model does not conclusively predict an earnings beat for Entergy this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat, which is not the case here.
Earnings ESP: The company’s Earnings ESP is -0.36 %. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Entergy currently carries a Zacks Rank #3.
Stocks to Consider
Here are three Utility players that have the right combination of elements to come up with an earnings beat this reporting cycle.
Southwest Gas (SWX - Free Report) has an Earnings ESP of +1.45% and a Zacks Rank #3 at present. The company delivered a four-quarter average earnings surprise of 104%. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for SWX’s fourth-quarter sales is pegged at $1.27 billion. The consensus mark for earnings stands at 92 cents per share.
Sempra Energy (SRE - Free Report) has an Earnings ESP of +1.18% and a Zacks Rank #3 at present. The Zacks Consensus Estimate for fourth-quarter sales is pegged at $4.03 billion, implying a 16.7% increase from that reported in the prior-year quarter.
The consensus mark for SRE’s earnings is pinned at $1.13 per share. The company delivered a four-quarter average earnings surprise of 9.03%.
ONE Gas (OGS - Free Report) has an Earnings ESP of +0.26% and a Zacks Rank #3 at present. The Zacks Consensus Estimate for fourth-quarter earnings is pinned at $1.27 per share, indicating a 3.3% increase year over year.
The consensus mark for OGS’ sales stands at $815.6 million. The company delivered a four-quarter average earnings surprise of 1.85%.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.