New Orleans, LA based Entergy Corporation ETR 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.
However, the company depends upon rate relief at regular intervals and any adverse decision can materially impact the company’s earnings.
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 22.21%.
Zacks Rank: Currently, Entergy sports a Zacks Rank #3 (Hold) but that could change following its first-quarter 2019 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 first-quarter adjusted earnings per share came in at 82 cents, which missed the Zacks Consensus Estimate of 94 cents.
Revenues: Entergy reported total revenue of $2,609.6 million, lagging the Zacks Consensus Estimate of $2,670 million.
Key Stats: The company registered a 0.3% year over year improvement in total retail customer count in first-quarter of 2019.
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
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