Entergy (ETR) Tops Q4 EPS by 18c; Guides In-Line

Entergy (NYSE: ETR) reported Q4 EPS of $0.31, $0.18 better than the analyst estimate of $0.13.

GUIDANCE:

Entergy sees FY2017 EPS of $4.25-$4.55, versus the consensus of $4.53.

"2016 was a pivotal year for our company – a year in which our objectives were ambitious and our execution was on the mark," said Entergy chairman and chief executive officer Leo Denault. "We completed our plan to exit the merchant power business and transition to a pure-play utility. While previously disclosed charges at our EWC business led to an as-reported loss, adjusted earnings at our core Utility, Parent & Other business increased by more than 40 percent in 2016. Our strong operational results for the year are the outcome of disciplined execution on our strategy over the past few years, a strategy intended to fundamentally reposition our company and set it on a steady, predictable earnings and dividend trajectory."

For earnings history and earnings-related data on Entergy (ETR) click here.

You May Also Be Interested In

• Primoris cuts 2026 outlook on renewables cost overruns, COO exits
• C.H. Robinson acquires DeSpir Logistics for $75 million
• Accenture downgraded by TD Cowen on AI concerns