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Entergy (ETR) to Report Q1 Earnings: What's in the Cards?
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Entergy Corporation (ETR - Free Report) is set to release first-quarter 2020 results on May 11, before the opening bell. In the last reported quarter, the company delivered a positive earnings surprise of 3.03%.
Entergy missed the Zacks Consensus Estimate in two out of four trailing quarters and beat the consensus mark in the other two, the average negative surprise being 0.71%.
Let’s see how things have shaped up prior to this announcement.
Factors to Consider
In the January-March 2020 quarter, Entergy witnessed mixed weather patterns at its service territories. While the majority of its service areas experienced warmer-than-normal winter, a few areas witnessed below-normal temperature. These factors are expected to have been reflected in revenues.
Moreover, new rates for Entergy Arkansas that became effective since January 2020 are likely to have boosted the company’s first-quarter top line.
The Zacks Consensus Estimate for Entergy’s first-quarter revenues, pegged at $3.68 billion, indicates an improvement of 2.7% from the year-ago quarter.
While revenue growth is expected to have contributed to the company’s quarterly earnings, factors like gains from the decommissioning trust fund investments and lower asset write-offs must also have bolstered the company’s bottom linein the first quarter.
The Zacks Consensus Estimate for Entergy’s first-quarter earnings, pegged at 94 cents per share, indicates an improvement of 14.6% from the year-ago quarter.
Earnings Whispers
Our proven model doesn’t conclusively predict an earnings beat for Entergy this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. But that’s not the case here.
Earnings ESP: The company’s Earnings ESP is 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Here is a company from the Utilities sector that has the right combination of elements to post an earnings beat when it reports results.
Spire Inc. (SR - Free Report) has an Earnings ESP of +0.17% and a Zacks Rank #3. The company is set to announce second-quarter fiscal 2020 results on May 8.
Recent Utility Releases
American Electric Power Co., Inc. (AEP - Free Report) reported first-quarter 2020 adjusted earnings per share of $1.02, which missed the Zacks Consensus Estimate of $1.09 by 6.4%.
Public Service Enterprise Group Inc. (PEG - Free Report) reported first-quarter 2020 adjusted operating earnings of $1.03 per share, which came in line with the Zacks Consensus Estimate.
5 Stocks Set to Double
Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. Today, See These 5 Potential Home Runs >>
See More Zacks Research for These Tickers
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Entergy (ETR) to Report Q1 Earnings: What's in the Cards?
Entergy Corporation (ETR - Free Report) is set to release first-quarter 2020 results on May 11, before the opening bell. In the last reported quarter, the company delivered a positive earnings surprise of 3.03%.
Entergy missed the Zacks Consensus Estimate in two out of four trailing quarters and beat the consensus mark in the other two, the average negative surprise being 0.71%.
Let’s see how things have shaped up prior to this announcement.
Factors to Consider
In the January-March 2020 quarter, Entergy witnessed mixed weather patterns at its service territories. While the majority of its service areas experienced warmer-than-normal winter, a few areas witnessed below-normal temperature. These factors are expected to have been reflected in revenues.
Entergy Corporation Price and EPS Surprise
Entergy Corporation price-eps-surprise | Entergy Corporation Quote
Moreover, new rates for Entergy Arkansas that became effective since January 2020 are likely to have boosted the company’s first-quarter top line.
The Zacks Consensus Estimate for Entergy’s first-quarter revenues, pegged at $3.68 billion, indicates an improvement of 2.7% from the year-ago quarter.
While revenue growth is expected to have contributed to the company’s quarterly earnings, factors like gains from the decommissioning trust fund investments and lower asset write-offs must also have bolstered the company’s bottom linein the first quarter.
The Zacks Consensus Estimate for Entergy’s first-quarter earnings, pegged at 94 cents per share, indicates an improvement of 14.6% from the year-ago quarter.
Earnings Whispers
Our proven model doesn’t conclusively predict an earnings beat for Entergy this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. But that’s not the case here.
Earnings ESP: The company’s Earnings ESP is 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Entergy carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Stock to Consider
Here is a company from the Utilities sector that has the right combination of elements to post an earnings beat when it reports results.
Spire Inc. (SR - Free Report) has an Earnings ESP of +0.17% and a Zacks Rank #3. The company is set to announce second-quarter fiscal 2020 results on May 8.
Recent Utility Releases
American Electric Power Co., Inc. (AEP - Free Report) reported first-quarter 2020 adjusted earnings per share of $1.02, which missed the Zacks Consensus Estimate of $1.09 by 6.4%.
Public Service Enterprise Group Inc. (PEG - Free Report) reported first-quarter 2020 adjusted operating earnings of $1.03 per share, which came in line with the Zacks Consensus Estimate.
5 Stocks Set to Double
Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>