Entergy Corporation ETR is primarily engaged in electric power production and retail distribution of power. This New Orleans, LA based company is focused on maximizing shareholder value and has a current dividend yield of 4.92%, much higher than the industry average of 3.65%, 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.
Estimates Revision & Earnings Surprise Trend
Entergy has seen its current quarter earnings move up over the past few weeks. Coming to the surprise, the company has reported positive earnings surprise in only one of the last four quarters. The average positive surprise over the last four quarter is negative 1.74%.
Currently, Entergy Corporation has a Zacks Rank #4 (Sell), but that could definitely change following its earnings report which was just released.
We have mentioned below some of the vital information from this just-revealed announcement:
Entergy Reports an Earnings Miss
Our consensus called for third quarter EPS of $1.93, and the company reported EPS of $1.90.
Revenues Lag Estimates
Entergy Corporation posted revenues of $3,371.4 million in the third quarter of 2015, compared to our consensus estimate of $3,577 million.
Key Stats to Note
Entergy updated its operational earnings guidance to be in the range of $5.50−$6.10 per share from its earlier expectation of $5.10-$5.90.
Check back later for our full write up on this Entergy Corporation earnings report later!
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