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Entergy Corporation (ETR - Free Report) reported first-quarter 2018 adjusted earnings of $1.16 per share, missing the Zacks Consensus Estimate of $1.31 by 11.5%. The reported figure also improved 17.2% from 99 cents in the year-ago quarter.
On a GAAP basis, the company’s earnings came in at 73 cents per share compared with 46 cents a year ago. The difference between GAAP and operating earnings in the first quarter was due to the effect of special items.
Revenues
In the quarter under review, revenues came in at $2.72 billion, beating the Zacks Consensus Estimate of $2.47 billion by 10.3%. The top-line figure reflected year-over-year growth of 5% from the prior quarter’s figure of $2.59 billion.
Entergy Corporation Price, Consensus and EPS Surprise
NextEra Energy, Inc. (NEE - Free Report) reported first-quarter 2018 adjusted earnings of $1.94 per share, beating the Zacks Consensus Estimate of $1.78 by 8.9%. The bottom line was up 10.9% year over year.
FirstEnergy Corporation (FE - Free Report) reported first-quarter 2018 operating earnings of 67 cents per share, lagging the Zacks Consensus Estimate of 68 cents by 1.5%. Quarterly earnings improved 28.9% year over year to come in within the projected range of 60-70 cents.
Upcoming Releases
CenterPoint Energy (CNP - Free Report) will report first-quarter results on May 4. The company has an Earnings ESP of +0.20% and a Zacks Rank #3 (Hold).
Investor Alert: Breakthroughs Pending
A medical advance is now at the flashpoint between theory and realization. Billions of dollars in research have poured into it. Companies are already generating substantial revenue, and even more wondrous products are in the pipeline.
Cures for a variety of deadly diseases are in sight, and so are big potential profits for early investors. Zacks names 5 stocks to buy now.
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Entergy (ETR) Q1 Earnings Miss, Revenues Top, '18 View Intact
Entergy Corporation (ETR - Free Report) reported first-quarter 2018 adjusted earnings of $1.16 per share, missing the Zacks Consensus Estimate of $1.31 by 11.5%. The reported figure also improved 17.2% from 99 cents in the year-ago quarter.
On a GAAP basis, the company’s earnings came in at 73 cents per share compared with 46 cents a year ago. The difference between GAAP and operating earnings in the first quarter was due to the effect of special items.
Revenues
In the quarter under review, revenues came in at $2.72 billion, beating the Zacks Consensus Estimate of $2.47 billion by 10.3%. The top-line figure reflected year-over-year growth of 5% from the prior quarter’s figure of $2.59 billion.
Entergy Corporation Price, Consensus and EPS Surprise
Entergy Corporation Price, Consensus and EPS Surprise | Entergy Corporation Quote
Segment Results
Utility, Parent & Other: The segment’s quarterly adjusted earnings were 83 cents per share compared with 62 cents in the prior-year quarter.
Entergy Wholesale Commodities (EWC): The segment reported adjusted earnings of 33 cents per share compared with 37 cents in the year-ago quarter.
Highlights of the Release
Interest expenses were $670 million in first-quarter 2018, up 0.9% from $664 million in the prior- year quarter.
In the reported quarter, total retail customers served by the company increased 0.2% to 2.9 million.
Financial Highlights
As of Mar Dec 31, 2018, the company had cash and cash equivalents of $1,206 million compared with $781 million as of Dec 31, 2017.
Total debt, as of Mar 31, 2018, was $17.7 billion compared with $16.7 billion as of Dec 31, 2017.
For the first quarter, the company generated cash from operating activities of $557.4 million, up from $529.4 million in the prior-year quarter.
Guidance
For 2018, Entergy reaffirmed its operational earnings guidance per share in the band of $6.25-$6.85.
The Utility, Parent & Other adjusted earnings are also expected in the range of $4.50-$4.90 per share.
Zacks Rank
Entergy sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Recent Peer Releases
NextEra Energy, Inc. (NEE - Free Report) reported first-quarter 2018 adjusted earnings of $1.94 per share, beating the Zacks Consensus Estimate of $1.78 by 8.9%. The bottom line was up 10.9% year over year.
FirstEnergy Corporation (FE - Free Report) reported first-quarter 2018 operating earnings of 67 cents per share, lagging the Zacks Consensus Estimate of 68 cents by 1.5%. Quarterly earnings improved 28.9% year over year to come in within the projected range of 60-70 cents.
Upcoming Releases
CenterPoint Energy (CNP - Free Report) will report first-quarter results on May 4. The company has an Earnings ESP of +0.20% and a Zacks Rank #3 (Hold).
Investor Alert: Breakthroughs Pending
A medical advance is now at the flashpoint between theory and realization. Billions of dollars in research have poured into it. Companies are already generating substantial revenue, and even more wondrous products are in the pipeline.
Cures for a variety of deadly diseases are in sight, and so are big potential profits for early investors. Zacks names 5 stocks to buy now.
Click here to see them >>