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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 $10.4 billion in the 2017–2019 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 4.53%, much higher than the industry average of 3.55%, 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 $1.20 per share has remained stable over the last seven days.
Coming to the earnings surprise, Entergy has surpassed the Zacks Consensus Estimate in three of the last four quarters, resulting in a positive average surprise of 98.91%.
We have highlighted some of the key details from the just-released announcement below:
Earnings: Entergy’s second quarter earnings surpassed expectation. Adjusted earnings per share came in at $3.11 beating the Zacks Consensus Estimate of $1.20 per share.
Revenues: The company posted revenues of $2,618.6 million in second quarter, beating the Zacks Consensus estimate of $2,444 million.
Key Stats: The company registered a 0.8% year over year improvement in total retail customer count in the reported quarter.
Stock Price: It would be interesting to see how the market reacts to the earnings release during the trading session today.
Check back for our full write up on this ETR earnings report later!
More Stock News: Tech Opportunity Worth $386 Billion in 2017
From driverless cars to artificial intelligence, we've seen an unsurpassed growth of high-tech products in recent months. Yesterday's science-fiction is becoming today's reality. Despite all the innovation, there is a single component no tech company can survive without. Demand for this critical device will reach $387 billion this year alone, and it's likely to grow even faster in the future.
Zacks has released a brand-new Special Report to help you take advantage of this exciting investment opportunity. Most importantly, it reveals 4 stocks with massive profit potential.
Image: Bigstock
Entergy Corp. (ETR) Beats Q2 Earnings & Revenues Estimates
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 $10.4 billion in the 2017–2019 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 4.53%, much higher than the industry average of 3.55%, 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 $1.20 per share has remained stable over the last seven days.
Coming to the earnings surprise, Entergy has surpassed the Zacks Consensus Estimate in three of the last four quarters, resulting in a positive average surprise of 98.91%.
Zacks Rank: Currently, Entergy has a Zacks Rank #3 (Hold) but that could change following its second-quarter 2017 earnings report which has just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key details from the just-released announcement below:
Earnings: Entergy’s second quarter earnings surpassed expectation. Adjusted earnings per share came in at $3.11 beating the Zacks Consensus Estimate of $1.20 per share.
Revenues: The company posted revenues of $2,618.6 million in second quarter, beating the Zacks Consensus estimate of $2,444 million.
Key Stats: The company registered a 0.8% year over year improvement in total retail customer count in the reported quarter.
Stock Price: It would be interesting to see how the market reacts to the earnings release during the trading session today.
Check back for our full write up on this ETR earnings report later!
Entergy Corporation Price and EPS Surprise
Entergy Corporation Price and EPS Surprise | Entergy Corporation Quote
More Stock News: Tech Opportunity Worth $386 Billion in 2017
From driverless cars to artificial intelligence, we've seen an unsurpassed growth of high-tech products in recent months. Yesterday's science-fiction is becoming today's reality. Despite all the innovation, there is a single component no tech company can survive without. Demand for this critical device will reach $387 billion this year alone, and it's likely to grow even faster in the future.
Zacks has released a brand-new Special Report to help you take advantage of this exciting investment opportunity. Most importantly, it reveals 4 stocks with massive profit potential.
See these stocks now>>