Entergy Earnings: Here’s Why Investors are Ambivalent Now

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

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Entergy Corporation Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 113.64% to $0.94 in the quarter versus EPS of $0.44 in the year-earlier quarter.

Revenue: Rose 9.45% to $2.61 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Entergy Corporation reported adjusted EPS income of $0.94 per share. By that measure, the company beat the mean analyst estimate of $0.73. It beat the average revenue estimate of $2.58 billion.

Quoting Management: “First quarter results reflected top-line growth in both the Utility and EWC businesses,” said Leo Denault, Entergy’s chairman and chief executive officer. “Stronger Utility results were driven by major generation investments in 2012 that benefited our customers through portfolio enhancements by adding modern, efficient natural-gas facilities and capital improvements to the nuclear fleet. ”

Key Stats (on next page)…

Revenue increased 7.09% from $2.44 billion in the previous quarter. EPS decreased 45.35% from $1.72 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 $1.39 to a profit $1.42. For the current year, the average estimate has moved down from a profit of $5.03 to a profit of $4.86 over the last ninety days.

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