Entergy Corporation (NYSE:ETR) reported first-quarter 2019 adjusted earnings of 82 cents per share, which missed the Zacks Consensus Estimate of 94 cents by 12.8%. Moreover, the reported figure decreased by a penny from 83 cents registered in the year-ago quarter.
FirstEnergy Corporation (FE): Free Stock Analysis Report
NextEra Energy, Inc. (NEE): Free Stock Analysis Report
Entergy Corporation (ETR): Free Stock Analysis Report
DTE Energy Company (DTE): Free Stock Analysis Report
Original post
Zacks Investment Research
Excluding the effects of special items, the company registered GAAP earnings of $1.32 per share compared with earnings of 73 cents a year ago.
Total Revenues
In the quarter under review, total revenues came in at $2,609.6 million, which lagged the Zacks Consensus Estimate of $2,670 million by 2.3%. Also, the top line fell 4.2% from the year-ago quarter’s $2,723.9 million.
Segment Results
Utility: The segment’s quarterly adjusted earnings came in at $1.20 per share compared with $1.19 in the prior-year quarter.
Parent & Other: The segment incurred adjusted loss of 38 cents per share compared with a loss of 36 cents in the prior-year quarter.
Entergy Wholesale Commodities (EWC): The segment registered earnings of 50 cents per share on an as-reported basis against a loss of 10 cents registered in the year-ago quarter.
Highlights of the Release
Operating expenses in the quarter summed $2.33 billion, down 2.6% from $2.39 billion in the year-ago quarter.
Interest expenses were $201 million, up 9.9% from $182.9 million in the year-ago quarter.
In the reported quarter, total retail customers served by the company increased 0.3% to nearly 2.9 million.
Entergy Corporation Price, Consensus and EPS Surprise
Entergy Corporation Price, Consensus and EPS Surprise | Entergy Corporation Quote
Financial Highlights
As of Mar 31, 2019, Entergy had cash and cash equivalents of $983.5 million compared with $481 million as on Dec 31, 2018.
At the end of the first three months of 2019, the company generated cash from operating activities of $501.2 million, down from $557.4 million in the prior year quarter.
Guidance
For 2019, Entergy expects operational earnings of $5.10-$5.50 per share. The Zacks Consensus Estimate for the company’s earnings is currently pegged at $5.41, higher than the midpoint of the company’s guided range.
Zacks Rank
Entergy carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Recent Utility Releases
FirstEnergy Corp. (NYSE:FE) , which carries a Zacks Rank #3, delivered first-quarter 2019 operating earnings of 67 cents per share, which beat the Zacks Consensus Estimate of 66 cents by 1.52%.
NextEra Energy, Inc. (NYSE:NEE) , which carries a Zacks Rank #2 (Buy), reported first-quarter 2019 adjusted earnings of $2.20 per share, beating the Zacks Consensus Estimate of $2.01 by 9.4%.
DTE Energy Co. (NYSE:DTE) , which carries a Zacks Rank #2, reported first-quarter 2019 operating earnings per share (EPS) of $2.05, which exceeded the Zacks Consensus Estimate of $1.95 by 5.1%.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft (NASDAQ:MSFT) in the 1990s. Zacks’ just-released special report reveals 7 stocks to watch. The report is only available for a limited time.
FirstEnergy Corporation (FE): Free Stock Analysis Report
NextEra Energy, Inc. (NEE): Free Stock Analysis Report
Entergy Corporation (ETR): Free Stock Analysis Report
DTE Energy Company (DTE): Free Stock Analysis Report
Original post
Zacks Investment Research