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Entergy (ETR) Misses Q1 Earnings Estimate, Beats Revenues

Zacks Equity Research

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. 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 first quarter Zacks Consensus Estimate for earnings of $1.06 per share has remained same over the last 60 days.

Coming to the earnings surprise, Entergy has surpassed the Zacks Consensus Estimate in the last four quarters, resulting in a positive average surprise of 104.4%.

Zacks Rank: Currently, Entergy has a Zacks Rank #3 (Hold) but that could change following its first-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 first quarter earnings missed expectation. Adjusted earnings per share came in at 99 cents lagging  the Zacks Consensus Estimate of $1.06 per share by 6.6%.

Entergy Corporation Price and EPS Surprise


Entergy Corporation Price and EPS Surprise | Entergy Corporation Quote

Revenues: The company posted revenues of $2,588.5 million in first quarter, beating the Zacks Consensus estimate of $2,566 million.

Key Stats: The company registered a 1.1% 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 negative earnings surprise during the trading session today.

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

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