Entergy Corp Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Entergy Corp (NYSE:ETR) will unveil its latest earnings on Tuesday, November 1, 2011. Entergy 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 $3.36 per share, a rise of 21.7% 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 $2.49. Between one and three months ago, the average estimate moved up. It has risen from $2.59 during the last month. For the year, analysts are projecting profit of $7.30 per share, a rise of 2.8% from last year.

Past Earnings Performance: Last quarter, the company beat estimates by one cent, coming in at net income of $1.76 a share versus the estimate of profit of $1.75 a share. It marked the fourth straight quarter of beating estimates.

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Wall St. Revenue Expectations: On average, analysts predict $3.47 billion in revenue this quarter, a rise of 4.2% from the year ago quarter. Analysts are forecasting total revenue of $11.57 billion for the year, a rise of 0.7% from last year’s revenue of $11.49 billion.

Analyst Ratings: Analysts seem relatively indifferent about Entergy with 10 of 15 analysts surveyed maintaining a hold rating.

A Look Back: In the second quarter, profit remained level at $320.6 million ($1.76 a share) from the year earlier, beating analyst estimates. Revenue fell 2.1% to $2.8 billion from $2.86 billion.

Key Stats:

The company has seen net income rise in two straight quarters. In the first quarter, profit rose 15.9%.

Revenue has fallen in the past two quarters. In the first quarter, the figure fell 7.9%.

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 August 2, 2011 to October 26, 2011, the stock price had risen $4.57 (7.1%) from $64.34 to $68.91. 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% (+$3.91) over that span. It saw one of its worst periods between July 25, 2011 and August 4, 2011 when shares fell for nine-straight days, falling 9.1% (-$6.14) over that span. Shares are up 68 cents (+1%) year to date.

(Source: Xignite Financials)

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.