Entergy Corp. (ETR) Updates Q3 Earnings Guidance
Entergy Corp. (NYSE:ETR) updated its third quarter earnings guidance on Tuesday. The company provided earnings per share guidance of ~$2.40 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.98, AnalystRatings.NET reports. Entergy Corp. also updated its FY13 guidance to $4.60-5.40 EPS.
Entergy Corp. (NYSE:ETR) opened at 64.86 on Tuesday. Entergy Corp. has a 52 week low of $61.09 and a 52 week high of $72.98. The stock has a 50-day moving average of $63.53 and a 200-day moving average of $67.34. The company has a market cap of $11.563 billion and a P/E ratio of 12.07.
Entergy Corp. (NYSE:ETR) last released its earnings data on Tuesday, July 30th. The company reported $1.01 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.16 by $0.15. The company had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.62 billion. During the same quarter last year, the company posted $2.11 earnings per share. Entergy Corp.’s revenue was up 8.7% compared to the same quarter last year. On average, analysts predict that Entergy Corp. will post $4.94 earnings per share for the current fiscal year.
ETR has been the subject of a number of recent research reports. Analysts at Deutsche Bank cut their price target on shares of Entergy Corp. from $74.00 to $73.00 in a research note to investors on Monday, September 16th. They now have a buy rating on the stock. On a related note, analysts at UBS AG cut their price target on shares of Entergy Corp. from $63.00 to $57.00 in a research note to investors on Wednesday, September 4th. They now have a sell rating on the stock. Finally, analysts at Northland Securities initiated coverage on shares of Entergy Corp. in a research note to investors on Thursday, August 29th. They set an outperform rating on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. Entergy Corp. has a consensus rating of Hold and a consensus target price of $69.59.
Entergy Corporation (NYSE:ETR) is an integrated energy company engaged primarily in electric power production and retail distribution operations.
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