Entergy Corporation (ETR) is expected to grow earnings and revenues in the years ahead

At the time of writing, Entergy Corporation [ETR] stock is trading at $98.78, up 0.39%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ETR shares have gain 3.62% over the last week, with a monthly amount glided 3.92%, and seem to be holding up well over a long-time horizon.

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On 18, September 2023, Entergy Named a Top Utility in Economic Development for 16th Consecutive Year. In a post published today on Yahoo Finance, Entergy Corporation

From an analyst’s perspective:

Entergy Corporation [NYSE: ETR] stock has seen the most recent analyst activity on August 23, 2023, when Barclays initiated its Equal Weight rating and assigned the stock a price target of $98.

For the past year, the stock price of Entergy Corporation fluctuated between $91.80 and $120.78. Currently, Wall Street analysts expect the stock to reach $111.41 within the next 12 months. Entergy Corporation [NYSE: ETR] shares were valued at $98.78 at the most recent close of the market. An investor can expect a potential return of 12.79% based on the average ETR price forecast.

Analyzing the ETR fundamentals

According to Entergy Corporation [NYSE:ETR], the company’s sales were 2.85 billion in the recent quarter, which represents an -16.20% plunge. A company’s income per employee is $93,716 while it generates $1,175,727 in revenue per employee. Gross Margin for this corporation currently stands at +22.04% with Operating Margin at +11.85%, Pretax Margin comes in at +7.69%, and Net Margin reading is +7.97%. To continue investigating profitability, this company’s Return on Assets is posted at 1.86, Equity is 8.76, Total Capital is 4.10, and Invested Capital is 2.97. An extended look at the Principal structure reveals enduring liabilities to the total capital of 67.20 and enduring liabilities to assets of 46.11.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 97.80 points at the first support level, and at 96.82 for the second support level. However, for the 1st resistance point, the stock is sitting at 99.30, and for the 2nd resistance point, it is at 99.82.

Entergy Corporation [ETR] reported earnings per share of $1.84 for its fiscal quarter that ended on 6/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.66/share, meaning a difference of $0.18 and a surprise factor of 10.80%. By comparison, the stated earnings for the previous quarter ended on 3/30/2023 were $1.14 per share as compared to estimates of $1.42 per share, a difference of -$0.28 representing a surprise of -19.70%.

Ratios To Look Out For

It is important to note that Entergy Corporation [NYSE:ETR] has a current ratio of 0.80. As well, the Quick Ratio is 0.30, while the Cash Ratio is 0.04. Considering the valuation of this stock, the price to sales ratio is 1.68, the price to book ratio is 1.83 and the P/E (TTM) ratio is 15.06.

Transactions by insiders

Recent insider trading involved Brown Marcus V, EVP & General Counsel, that happened on Sep 12 when 13500.0 shares were sold. “Officer” Under Sec. 16 Rules, RODRIGUEZ DEANNA D. completed a deal on Mar 09 to sell 300.0 shares. Meanwhile, Director HERMAN ALEXIS M sold 213.0 shares on Mar 08.