Entergy Corporation ETR reported fourth-quarter 2016 operational earnings of 31 cents per share, beating the Zacks Consensus Estimate of 11 cents by 181.8%. The reported number, however, declined 80.4% from $1.58 reported a year ago.
On a GAAP basis, Entergy reported fourth-quarter 2016 loss of $9.88 per share, while in the year-ago period it had incurred an earnings of 56 cents.
For 2016, the company reported adjusted EPS of $7.11, beating the Zacks Consensus Estimate of $6.83 by 4.1%. Year over year, this figure improved 18.5% from $6.00 in 2015.
In the quarter under review, Entergy reported total revenue of $2,648.5 million, missing the Zacks Consensus Estimate of $2,937 by 9.8%. Nevertheless, revenues were up 5.6% from the year-ago tally of $2,508.5 million.
For 2016, the company generated total revenue of $10.85 billion, which missed the Zacks Consensus Estimate of $11.61 billion by 7%. The revenue figure also declined 5.7% from $11.51 billion in 2015.
Utility, Parent & Other: The segment’s quarterly earnings were 27 cents per share compared to a loss of 12 cents in the prior-year quarter.
Entergy Wholesale Commodities (EWC): The segment reported operating loss of 4 cents per share for the fourth quarter, compared with 16 cents earned in the year-ago quarter.
Entergy Corporation Price, Consensus and EPS Surprise
Entergy Corporation Price, Consensus and EPS Surprise | Entergy Corporation Quote
As of Dec 31, 2016, the company had cash and cash equivalents of $1,187.8 million compared with $1,351.0 million as of Dec 31, 2015.
Total debt as of Dec 31, 2016 was $14.5 billion compared with $13.1 billion as of Dec 31, 2015.
For fourth-quarter 2016, cash from operating activities was $746.3 million, down from $941.5 million in the prior-year quarter.
For 2017, Entergy expects operational earnings per share in the band of $4.75−$5.35.
The Utility, Parent & Other’s adjusted earnings are expected in the range of $4.25 to $4.55 per share.
American Electric Power Co., Inc. AEP reported fourth-quarter 2016 operating EPS of 67 cents, beating the Zacks Consensus Estimate of 55 cents by 21.8%.
NextEra Energy, Inc. NEE reported fourth-quarter 2016 adjusted EPS of $1.21, missing the Zacks Consensus Estimate of $1.29 by 6.2%. Nonetheless, reported earnings were up 3.4% year over year.
CMS Energy Corporation CMS reported fourth-quarter 2016 adjusted EPS of 29 cents, in line with the Zacks Consensus Estimate. Quarterly earnings, however, tanked 23.7% year over year.
Entergy currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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