Entergy Goes Red
Entergy (NYS: ETR) reported earnings on April 26. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Entergy missed estimates on revenues and beat slightly on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share contracted to a loss.
Margins dropped across the board.
Entergy tallied revenue of $2.38 billion. The four analysts polled by S&P Capital IQ foresaw revenue of $2.50 billion on the same basis. GAAP reported sales were 6.2% lower than the prior-year quarter's $2.54 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.44. The four earnings estimates compiled by S&P Capital IQ forecast $0.43 per share. GAAP EPS were -$0.86 for Q1 versus $1.38 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 32.5%, 490 basis points worse than the prior-year quarter. Operating margin was 12.5%, 760 basis points worse than the prior-year quarter. Net margin was -6.4%, 1,620 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $2.89 billion. On the bottom line, the average EPS estimate is $1.36.
Next year's average estimate for revenue is $11.57 billion. The average EPS estimate is $5.31.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 338 members out of 363 rating the stock outperform, and 25 members rating it underperform. Among 103 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 100 give Entergy a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Entergy is hold, with an average price target of $71.29.
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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.