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Entergy (ETR) Beats on Q4 Earnings, Provides 2017 Guidance

Entergy CorporationETR reported fourth-quarter 2016 operational earnings of 31 cents per share, beating the Zacks Consensus Estimate of 11 cents by 181.8%. The reported number, however, declined 80.4% from $1.58 reported a year ago.

On a GAAP basis, Entergy reported fourth-quarter 2016 loss of $9.88 per share, while in the year-ago period it had incurred an earnings of 56 cents.

For 2016, the company reported adjusted EPS of $7.11, beating the Zacks Consensus Estimate of $6.83 by 4.1%. Year over year, this figure improved 18.5% from $6.00 in 2015.

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Total Revenue

In the quarter under review, Entergy reported total revenue of $2,648.5 million, missing the Zacks Consensus Estimate of $2,937 by 9.8%. Nevertheless, revenues were up 5.6% from the year-ago tally of $2,508.5 million.

For 2016, the company generated total revenue of $10.85 billion, which missed the Zacks Consensus Estimate of $11.61 billion by 7%. The revenue figure also declined 5.7% from $11.51 billion in 2015.

Segment Results

Utility, Parent & Other: The segment's quarterly earnings were 27 cents per share compared to a loss of 12 cents in the prior-year quarter.

Entergy Wholesale Commodities (EWC): The segment reported operating loss of 4 cents per share for the fourth quarter, compared with 16 cents earned in the year-ago quarter.

Entergy Corporation Price, Consensus and EPS Surprise

Entergy Corporation Price, Consensus and EPS Surprise | Entergy Corporation Quote

Financial Highlights

As of Dec 31, 2016, the company had cash and cash equivalents of $1,187.8 million compared with $1,351.0 million as of Dec 31, 2015.

Total debt as of Dec 31, 2016 was $14.5 billion compared with $13.1 billion as of Dec 31, 2015.

For fourth-quarter 2016, cash from operating activities was $746.3 million, down from $941.5 million in the prior-year quarter.

Guidance

For 2017, Entergy expects operational earnings per share in the band of $4.75−$5.35.

The Utility, Parent & Other's adjusted earnings are expected in the range of $4.25 to $4.55 per share.

Peer Releases

American Electric Power Co., Inc. AEP reported fourth-quarter 2016 operating EPS of 67 cents, beating the Zacks Consensus Estimate of 55 cents by 21.8%.

NextEra Energy, Inc. NEE reported fourth-quarter 2016 adjusted EPS of $1.21, missing the Zacks Consensus Estimate of $1.29 by 6.2%. Nonetheless, reported earnings were up 3.4% year over year.

CMS Energy Corporation CMS reported fourth-quarter 2016 adjusted EPS of 29 cents, in line with the Zacks Consensus Estimate. Quarterly earnings, however, tanked 23.7% year over year.

Zacks Rank

Entergy currently has a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .

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American Electric Power Company, Inc. (AEP): Free Stock Analysis Report

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Entergy Corporation (ETR): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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