Entergy Corp. (ETR) Updates FY14 Earnings Guidance
Entergy Corp. (NYSE:ETR) updated its FY14 earnings guidance on Wednesday. The company provided earnings per share guidance of $4.60-5.40 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.05, American Banking and Market News reports. Entergy Corp. also updated its Q4 guidance to ~$0.99 EPS.
A number of research firms have recently commented on ETR. Analysts at JPMorgan Chase & Co. initiated coverage on shares of Entergy Corp. in a research note to investors on Tuesday. They set a neutral rating on the stock. On a related note, analysts at Citigroup Inc. downgraded shares of Entergy Corp. from a neutral rating to a sell rating in a research note to investors on Friday, January 3rd. Finally, analysts at Goldman Sachs Group Inc. initiated coverage on shares of Entergy Corp. in a research note to investors on Monday, December 30th. They set a neutral rating and a $62.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. The company presently has an average rating of Hold and an average target price of $67.17.
Entergy Corp. (NYSE:ETR) last announced its earnings results on Tuesday, October 29th. The company reported $2.41 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.16 by $0.25. The company had revenue of $3.35 billion for the quarter, compared to the consensus estimate of $3.15 billion. During the same quarter in the previous year, the company posted $1.95 earnings per share. The company’s revenue for the quarter was up 13.1% on a year-over-year basis.
Entergy Corporation (NYSE:ETR) is an integrated energy company engaged primarily in electric power production and retail distribution operations.
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