Entergy Corporation (NYSE:ETR) is reporting second quarter financial results on Wednesday 29th July 2020, before market open.
According to analysts surveyed by Thomson Reuters, ETR is expected to report 2Q20 income of $ 1.26 per share from revenue of $ 2700.04 million.
For the full year, analysts anticipate top line of $ 10882.00 million, while looking forward to income of $ 5.56 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 5.45 ~ $ 5.75 per share
Click Here For More Historical Outlooks Of Entergy Corporation
Previous Quarter Performance
Entergy Corporation posted income for the first quarter of $ 1.14 per share, from the revenue of $ 2,427.00 million. The quarterly earnings escalated 39.02 percent while revenues reduced 7.00 percent compared with the same quarter last year.
Street analysts expected Entergy Corporation to report income of $ 0.92 per share on revenue of $ 2540.26 million for the first quarter. The bottom line results beat street analysts by $ 0.22 or 23.91 percent, at the same time, top line results fell short of analysts by $ 113.26 million or 4.46 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of ETR was $ 102.67, representing a 36.55 % increase from the 52 week low of $ 75.19 and a 24.26 % decrease over the 52 week high of $ 135.55.
The company has a market capital of $ 20.55 billion and is part of the Utilities sector and Utilities – Diversified industry.
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Recent Analyst recommendations
- On 17th June 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 102.00 target price.
- On 5th June 2020, upgraded by UBS Group to Buy from Neutral rating, with $ 125.00 target price.
Conference Call
Entergy Corporation will be hosting a conference call at 11:00 AM eastern time on 29th July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.entergy.com
Entergy Corporation, together with its subsidiaries, engages in the production and distribution of electricity in the United States. It generates electricity through gas/oil, nuclear, coal, hydro, and solar power sources. The companys Utility segment generates, transmits, distributes, and sells electric power in portions of Arkansas, Mississippi, Texas, and Louisiana, including the City of New Orleans; and distributes natural gas.
