Entergy Earnings: Everything You Must Know Now

Entergy Corporation (NYSE:ETR) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

Entergy Corporation Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 52.13% to $1.01 in the quarter versus EPS of $2.11 in the year-earlier quarter.

Revenue: Rose 8.71% to $2.74 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Entergy Corporation reported adjusted EPS income of $1.01 per share. By that measure, the company missed the mean analyst estimate of $1.16. It beat the average revenue estimate of $2.62 billion.

Quoting Management: “Difficult decisions like job reductions are sometimes the very tough outcome of making long-term, fundamental improvements in the way a company works,” said Leo Denault, Entergy’s chairman and chief executive officer. “The redesign process has been comprehensive, thoughtful and focused squarely on being fair to our employees throughout the process and being responsive to the needs of our customers, our employees, our communities, and our owners.”

Key Stats (on next page)…

Revenue increased 4.95% from $2.61 billion in the previous quarter. EPS increased 7.45% from $0.94 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $1.88 to a profit $1.94. For the current year, the average estimate has moved up from a profit of $4.92 to a profit of $4.94 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)