We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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.
Are Utilities Stocks Lagging Entergy (ETR) This Year?
Read MoreHide Full Article
Investors interested in Utilities stocks should always be looking to find the best-performing companies in the group. Is Entergy (ETR - Free Report) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
Entergy is a member of the Utilities sector. This group includes 112 individual stocks and currently holds a Zacks Sector Rank of #5. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Entergy is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for ETR's full-year earnings has moved 0.3% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, ETR has moved about 21.2% on a year-to-date basis. Meanwhile, the Utilities sector has returned an average of 3% on a year-to-date basis. As we can see, Entergy is performing better than its sector in the calendar year.
OGE Energy (OGE - Free Report) is another Utilities stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 19.6%.
Over the past three months, OGE Energy's consensus EPS estimate for the current year has increased 6.1%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Entergy belongs to the Utility - Electric Power industry, a group that includes 63 individual stocks and currently sits at #78 in the Zacks Industry Rank. Stocks in this group have gained about 3.8% so far this year, so ETR is performing better this group in terms of year-to-date returns. OGE Energy is also part of the same industry.
Entergy and OGE Energy could continue their solid performance, so investors interested in Utilities stocks should continue to pay close attention to these stocks.
View the Zacks #1 Rank List
Image: Bigstock
Are Utilities Stocks Lagging Entergy (ETR) This Year?
Investors interested in Utilities stocks should always be looking to find the best-performing companies in the group. Is Entergy (ETR - Free Report) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
Entergy is a member of the Utilities sector. This group includes 112 individual stocks and currently holds a Zacks Sector Rank of #5. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Entergy is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for ETR's full-year earnings has moved 0.3% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, ETR has moved about 21.2% on a year-to-date basis. Meanwhile, the Utilities sector has returned an average of 3% on a year-to-date basis. As we can see, Entergy is performing better than its sector in the calendar year.
OGE Energy (OGE - Free Report) is another Utilities stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 19.6%.
Over the past three months, OGE Energy's consensus EPS estimate for the current year has increased 6.1%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Entergy belongs to the Utility - Electric Power industry, a group that includes 63 individual stocks and currently sits at #78 in the Zacks Industry Rank. Stocks in this group have gained about 3.8% so far this year, so ETR is performing better this group in terms of year-to-date returns. OGE Energy is also part of the same industry.
Entergy and OGE Energy could continue their solid performance, so investors interested in Utilities stocks should continue to pay close attention to these stocks.