| Entergy (ETR) Beats on Q1 Earnings & Revenues, Down Y/Y - Analyst Blog | |
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Entergy Corporation ETR reported first-quarter 2015 operational earnings of $1.68 per share, outpacing the Zacks Consensus Estimate of $1.30 per share by 29.2%.
The reported number, however, declined 26.6% from $2.29 earned in the year-ago period. The downside was primarily due to soft performance at the Entergy Wholesale Commodities, and Parent and Other segments. Entergy Corporation - Earnings Surprise | FindTheCompany Operational Results
Entergy’s first-quarter operating revenues of $2,920.1 million surpassed the Zacks Consensus Estimate by 3.8%. Reported revenues, however, edged down nearly 9% year over year.
Segment Results
Utility: The segment’s quarterly operating revenues were $2,277.5 million compared with $2,304.7 million in first-quarter 2014. The decline was largely due to lower natural gas revenues.
Entergy Wholesale Commodities (EWC): Entergy Wholesale Commodities' operating revenues were $642.6 million for the first quarter. In the corresponding quarter last year, revenues were $912.1 million. The decline was primarily due to the shutdown of the Vermont Yankee Nuclear Power Station in 2014. Lower relative wholesale power prices also acted as a drag on revenues.
Parent & Other: In the reported quarter, the unit reported negative revenue of $0.01 million. This is considerably narrower than negative revenue of nearly $8 million in the year-ago quarter.
Financial Condition
As of Mar 31, 2015, cash and cash equivalents stood at $1,180.5 million compared with $1,422 million as of Dec 31, 2014.
Long-term debt as of Mar 31, 2015 was $12.3 billion compared with $12.5 billion as of Dec 31, 2014.
In the first quarter of 2015, cash from operating activates was $611 million compared with $767.2 million in the year-ago quarter.
Guidance
Entergy affirmed its 2015 earnings guidance in the range of $5.10–$5.90 per share on an operational basis.
Other Utility Releases
CMS Energy Corp. CMS reported first-quarter 2015 adjusted earnings per share of 73 cents, outpacing the Zacks Consensus Estimate of 66 cents by 10.6%.
American Electric Power Company Inc. AEP reported first-quarter 2015 operating earnings of $1.28 per share, beating the Zacks Consensus Estimate of $1.11 by 15.3%.
DTE Energy Co. DTE reported first-quarter 2015 operating earnings per share of $1.65, beating the Zacks Consensus Estimate of $1.49 by 10.7%.
Zacks Rank
Entergy currently has a Zacks Rank #3 (Hold). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ENTERGY CORP (ETR): Free Stock Analysis Report AMER ELEC PWR (AEP): Free Stock Analysis Report CMS ENERGY (CMS): Free Stock Analysis Report DTE ENERGY CO (DTE): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
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CMS Energy Corporation
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CODE : CMS |
ISIN : US1258961002 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
CMS Energy is a producing company based in United states of america. CMS Energy is listed in Germany and in United States of America. Its market capitalisation is US$ 19.6 billions as of today (€ 17.5 billions). Its stock quote reached its lowest recent point on April 18, 2014 at US$ 0.12, and its highest recent level on September 20, 2024 at US$ 69.28. CMS Energy has 282 420 406 shares outstanding. |