Entergy Corporation (NYSE:ETR) is set to announce third quarter earning results on Wednesday 28th October 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, ETR to report 3Q20 income of $ 2.42 per share.
For the full year, analysts anticipate top line of $ 10478.40 million, while looking forward to income of $ 5.57 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 unwinded income for the second quarter of $ 1.37 per share, from the revenue of $ 2,413.00 million. The quarterly earnings raised 1.48 percent while revenues contracted 9.50 percent compared with the same quarter last year.
Street analysts expected Entergy Corporation to report income of $ 1.26 per share on revenue of $ 2700.04 million for the second quarter. The bottom line results beat street analysts by $ 0.11 or 8.73 percent, at the same time, top line results fell short of analysts by $ 287.04 million or 10.63 percent.
Stock Performance
Shares of Entergy Corporation traded low $ -1.45 or -1.33 percent on Tuesday, reaching $ 107.56 with volume of 1.16 million shares. Entergy Corporation has traded high as $ 109.23 and has cracked $ 107.00 on the downward trend
According to the previous trading day, closing price of $ 107.56, representing a 44.98 % increase from the 52 week low of $ 75.19 and a 19.58 % decrease over the 52 week high of $ 135.55.
The company has a market capital of $ 22.08 billion and is part of the Utilities sector and Utilities – Diversified industry.
Recent Analyst recommendations
- On 25th September 2020, maintained by Wells Fargo & Co at Overweight rating, with $ 115.00 target price.
- On 25th September 2020, maintained by Scotiabank at Sector Perform rating, with $ 120.00 target price.
- On 18th September 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 110.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.93 per share on July 31, 2020. The dividend were payable on September 1, 2020 to holders of record as of the close of business on August 13, 2020 and ex-dividend date on August 12, 2020.
Conference Call
Entergy Corporation will be hosting a conference call at 11:00 AM eastern time on 28th October 2020, to discuss its 3Q20 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.
