Back to top

Image: Bigstock

Entergy Corporation (ETR) Beats on Q2 Earnings Estimates

Read MoreHide Full Article

New Orleans, LA based Entergy Corporation (ETR - Free Report) is primarily engaged in electric power production and retail distribution of power. Entergy's disciplined investments in growth projects are expected to be the major drivers for earnings over the long haul. Entergy plans to invest $15.6 billion in the 2016–2020 time frame, with the major share going to its generation and transmission business.

Moreover, the company is focused on maximizing shareholder value and has a current dividend yield of 4.75%, much higher than the industry average of 3.64%, which has propelled investor’s interest in the stock.

However, the company depends upon rate relief at regular intervals and any adverse decision can materially impact the company’s earnings.

Estimate Trend & Surprise History

Investors should note that the second quarter Zacks Consensus Estimate for earnings of $1.03 per share has decreased by 2 cents over the last 30 days.

Coming to the earnings surprise, Entergy has surpassed the Zacks Consensus Estimate in two out of the last four quarters, resulting in a negative average surprise of 2.53%.

Zacks Rank: Currently, Entergy has a Zacks Rank #3 (Hold) but that could change following its second-quarter 2016 earnings report which has just released. We have highlighted some of the key details from the just-released announcement below:

Earnings: Entergy’s second-quarter earnings of $3.11 surpassed the Zacks Consensus Estimate of $1.03 per share.

Revenues: The company posted revenues of $2,462.6 million in second quarter, compared to our consensus estimate of $2,786 million.
 

ENTERGY CORP Price and EPS Surprise

ENTERGY CORP Price and EPS Surprise | ENTERGY CORP Quote

Stock Price: It would be interesting to see how the market reacts to the earnings surprise during the trading session today.

Check back for our full write up on this ETR earnings report later!

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>


In-Depth Zacks Research for the Tickers Above


Normally $25 each - click below to receive one report FREE:


Entergy Corporation (ETR) - free report >>

Published in