Entergy Corporation ETR reported first-quarter 2018 adjusted earnings of $1.16 per share, missing the Zacks Consensus Estimate of $1.31 by 11.5%. The reported figure also improved 17.2% from 99 cents in the year-ago quarter.

On a GAAP basis, the company’s earnings came in at 73 cents per share compared with 46 cents a year ago. The difference between GAAP and operating earnings in the first quarter was due to the effect of special items.

Revenues

In the quarter under review, revenues came in at $2.72 billion, beating the Zacks Consensus Estimate of $2.47 billion by 10.3%. The top-line figure reflected year-over-year growth of 5% from the prior quarter’s figure of $2.59 billion.

Entergy Corporation Price, Consensus and EPS Surprise

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

Segment Results

Utility, Parent & Other: The segment’s quarterly adjusted earnings were 83 cents per share compared with 62 cents in the prior-year quarter.

Entergy Wholesale Commodities (EWC): The segment reported adjusted earnings of 33 cents per share compared with 37 cents in the year-ago quarter.

Highlights of the Release
 
Interest expenses were $670 million in first-quarter 2018, up 0.9% from $664 million in the prior- year quarter.

In the reported quarter, total retail customers served by the company increased 0.2% to 2.9 million.

Financial Highlights

As of Mar Dec 31, 2018, the company had cash and cash equivalents of $1,206 million compared with $781 million as of Dec 31, 2017.

Total debt, as of Mar 31, 2018, was $17.7 billion compared with $16.7 billion as of Dec 31, 2017.

For the first quarter, the company generated cash from operating activities of $557.4 million, up from $529.4 million in the prior-year quarter.

Guidance

For 2018, Entergy reaffirmed its operational earnings guidance per share in the band of $6.25-$6.85.

The Utility, Parent & Other adjusted earnings are also expected in the range of $4.50-$4.90 per share.

Zacks Rank

Entergy sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Recent Peer Releases

NextEra Energy, Inc. NEE reported first-quarter 2018 adjusted earnings of $1.94 per share, beating the Zacks Consensus Estimate of $1.78 by 8.9%. The bottom line was up 10.9% year over year.

FirstEnergy Corporation FE reported first-quarter 2018 operating earnings of 67 cents per share, lagging the Zacks Consensus Estimate of 68 cents by 1.5%. Quarterly earnings improved 28.9% year over year to come in within the projected range of 60-70 cents.

Upcoming Releases

CenterPoint Energy CNP will report first-quarter results on May 4. The company has an Earnings ESP of +0.20% and a Zacks Rank #3 (Hold).

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