Entergy Corp Quarterly Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Entergy Corp (NYSE:ETR) will unveil its latest earnings on Tuesday, August 2, 2011. Entergy Corporation is an energy company involved in electric power production and retail electric distribution operations.

Entergy Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of $1.76 per share, a rise of 2.9% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from $1.62. Between one and three months ago, the average estimate moved up, and has risen from $1.63 during the last month. For the year, analysts are projecting profit of $6.62 per share, a decline of 6.8% from last year.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by one cent, reporting net income of $1.38 per share against a mean estimate of profit of $1.37 per share.

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Wall St. Revenue Expectations: On average, analysts predict $2.93 billion in revenue this quarter, a rise of 2.4% from the year ago quarter. Analysts are forecasting total revenue of $11.53 billion for the year, a rise of 0.3% from last year’s revenue of $11.49 billion.

Analyst Ratings: Analysts seem relatively indifferent about Entergy with 11 of 16 analysts surveyed maintaining a hold rating.

Key Stats:

A year-over-year revenue decrease in the first quarter snaps a streak of three consecutive quarters of revenue increases. Revenue fell 7.9% in the first quarter and rose 1.4%in the fourth quarter of the last fiscal year, 13.5% in the third quarter of the last fiscal year and 13.6% in the second quarter of the last fiscal year.

The increase in profit in the first quarter comes after net income fell in the previous quarter. In the first quarter, net income rose 15.9% to $253.7 million. In the fourth quarter of the last fiscal year, net income fell 26.8%.

Competitors to Watch: Exelon Corporation (NYSE:EXC), The Southern Company (NYSE:SO), El Paso Electric Company (NYSE:EE), NextEra Energy, Inc. (NYSE:NEE), American Electric Power Co., Inc. (NYSE:AEP), Cleco Corporation (NYSE:CNL), PPL Corporation (NYSE:PPL), OGE Energy Corp. (NYSE:OGE), Progress Energy, Inc. (NYSE:PGN), and TECO Energy, Inc. (NYSE:TE).

Stock Price Performance: During June 28, 2011 to July 27, 2011, the stock price had dropped $1.02 (-1.5%) from $69.16 to $68.14. The stock price saw one of its best stretches over the last year between April 18, 2011 and April 28, 2011 when shares rose for eight-straight days, rising 6.1% (+$3.96) over that span. It saw one of its worst periods between February 7, 2011 and February 14, 2011 when shares fell for six-straight days, falling 2.4% (-$1.70) over that span. Shares are down $1.05 (-1.5%) year to date.

(Source: Xignite Financials)

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