The 10-second takeaway
For the quarter ended March 31 (Q1), Entergy missed estimates on revenues and beat slightly on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share contracted to a loss.
Margins dropped across the board.
Entergy tallied revenue of $2.38 billion. The four analysts polled by S&P Capital IQ foresaw revenue of $2.50 billion on the same basis. GAAP reported sales were 6.2% lower than the prior-year quarter's $2.54 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.44. The four earnings estimates compiled by S&P Capital IQ forecast $0.43 per share. GAAP EPS were -$0.86 for Q1 versus $1.38 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 32.5%, 490 basis points worse than the prior-year quarter. Operating margin was 12.5%, 760 basis points worse than the prior-year quarter. Net margin was -6.4%, 1,620 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $2.89 billion. On the bottom line, the average EPS estimate is $1.36.
Next year's average estimate for revenue is $11.57 billion. The average EPS estimate is $5.31.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 338 members out of 363 rating the stock outperform, and 25 members rating it underperform. Among 103 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 100 give Entergy a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Entergy is hold, with an average price target of $71.29.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.