Entergy http://so-l.ru/tags/show/entergy Wed, 12 Dec 2018 09:21:28 +0300 <![CDATA[Atmos Energy (ATO) to Gain from Investment, Customer Addition]]> We recently updated a research report on Atmos Energy Corporation ATO. This natural gas utility has a well chalked-out capital expenditure plan in place. In addition, increasing customer volume is generating a positive impact on demand.

What’s Driving the Stock?

Atmos Energy invested $6 billion for replacing the aging infrastructure and modernizing the system. Its long-term capital expenditure plan calls for investment in the tune of $9-$10 billion over the next five years, out of which 80% will be spent on safety and improving the reliability of its operations. These planned investments are expected to result in annual earnings growth of 6-8% through 2023.

More than 85% of Atmos Energy’s annual capital investments start earning returns within six months and nearly 99% in no more than 12 months. Owing to positive regulatory outcome, $80.1 million increase in rates has already been implemented in fiscal 2018, $22.8 million in fiscal 2019 and nearly $13.7 million rate cases are in progress for implementation this fiscal year.

The company is benefiting from improving economy, as its customer base is expanding, which is in turn positively impacting the performance of the company. Courtesy of the improving economic conditions, the company recorded a 1.1% increase in customer volume at the end of fiscal 2018 from the 2016 level.

As Atmos Energy is concentrated in the State of Texas, its operations and financial results are vulnerable to the state’s economic conditions, weather patterns and regulatory decisions. More than 50% of the company’s distribution customers, along with most of its pipeline and storage assets as well as operations are located in the State of Texas.

Price Movement

In the past 12 months, Atmos Energy’s shares have returned 1.3%, outperforming its industry’s growth of 0.2%.



 

Zacks Rank & Key Picks

Atmos Energy currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Some better-ranked stocks from the same sector are One Gas Inc. OGS, Ameren Corp. AEE and Entergy Corp. ETR, each carrying a Zacks Rank #2 (Buy).

Third-quarter earnings of One Gas, Ameren and Entergy surpassed the Zacks Consensus Estimate by 10.71%, 17.19% and 33.2%, respectively.

One Gas, Ameren and Entergy’s Zacks Consensus Estimate for 2018 earnings has moved up 0.3%, 3.1% and 5.1%, respectively, in the past 30 days.

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Ameren Corporation (AEE): Free Stock Analysis Report
 
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Atmos Energy Corporation (ATO): Free Stock Analysis Report
 
ONE Gas, Inc. (OGS): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/y/2018_12_01_atmos_energy_ato_to_gain_from_investme Sat, 01 Dec 2018 00:53:00 +0300
<![CDATA[Entergy (ETR) Up 3.5% Since Last Earnings Report: Can It Continue?]]> A month has gone by since the last earnings report for Entergy (ETR). Shares have added about 3.5% in that time frame, outperforming the S&P 500.

Will the recent positive trend continue leading up to its next earnings release, or is Entergy due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts.

Entergy's Q3 Earnings Beat Estimates, 2018 View Up

Entergy Corporation reported third-quarter 2018 adjusted earnings of $3.77 per share, which surpassed the Zacks Consensus Estimate of $2.83 by 33.2%. Moreover, the reported figure increased 60.4% from $2.35 in the year-ago quarter.

Excluding the effects of special items, the company’s GAAP earnings came in at $2.92 per share compared with $2.21 a year ago.

Total Revenues

In the quarter under review, Entergy reported total revenues of $3,104.3 million, surpassing the Zacks Consensus Estimate of $2,847 by 9%. However, it fell 4.3% from the year-ago quarter’s $3,244 million.

Segment Results

Utility: The segment’s quarterly adjusted earnings were $2.75 per share compared with $2.22 in the prior-year quarter.

Parent & Other: The segment incurred adjusted loss of 40 cents per share against loss of 32 cents in the prior-year quarter.

Entergy Wholesale Commodities (EWC): The segment reported adjusted earnings of $1.42 per share compared with 45 cents in the year-ago quarter.

Highlights of the Release

Operating expenses in the quarter were $2.83 billion, up 14% from $2.48 billion in the year-ago quarter.

Interest expenses were $195.3 million, up 17% from $166.9 million in the year-ago quarter.

In the reported quarter, total retail customers served by the company increased 0.5% to nearly 2.9 million.

Financial Highlights

As of Sep 30, 2018, the company had cash and cash equivalents of $988 million compared with $781 million as of Dec 31, 2017.

At the end of third quarter, the company generated cash from operating activities of $779.5 million, down from $893.1 million in the prior-year quarter.

Guidance

For 2018, Entergy increased its operational earnings guidance in a band of $6.75-$7.25 per share compared with its prior guidance of $6.25-$6.85.

Utility, and Parent & Other adjusted earnings have been reaffirmed to be $4.50-$4.90 per share.

How Have Estimates Been Moving Since Then?

In the past month, investors have witnessed an upward trend in fresh estimates. The consensus estimate has shifted -12% due to these changes.

VGM Scores

Currently, Entergy has an average Growth Score of C, however its Momentum Score is doing a bit better with a B. Charting a somewhat similar path, the stock was allocated a grade of A on the value side, putting it in the top quintile for this investment strategy.

Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in.

Outlook

Estimates have been trending upward for the stock, and the magnitude of this revision indicates a downward shift. It comes with little surprise Entergy has a Zacks Rank #2 (Buy). We expect an above average return from the stock in the next few months.


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Zacks Investment Research]]>
http://so-l.ru/news/y/2018_11_30_entergy_etr_up_3_5_since_last_earning Fri, 30 Nov 2018 17:31:02 +0300
<![CDATA[Atmos Energy to Issue Equity to Repay Debts, Fund Projects]]> Atmos Energy Corporation ATO has priced its public offering of 7,008,087 shares of its common stock at $92.75 per share. Atmos Energy granted the underwriters an option to purchase up to 1,051,213 additional shares of its common stock. This equity issue is expected to cover the company’s equity capital raising needs for fiscal 2019.

Usage of the Proceeds

The company has plans to utilize the proceeds from the equity share to repay short-term debt under its commercial paper program, to fund capital spending primarily to enhance the safety and reliability of its system, as well as for general corporate purposes.

Long-Term Plans

Atmos Energy has plans to increase capital expenditure by 9-10% annually in the fiscal 2019-2023 time frame, which is likely to result in a total capital expenditure within $9-$10 billion in the said period. Out of the planned capital expenditure, nearly 80% will be spent on enhancing system safety and improving the reliability of its operations.
 
These planned investments are expected to result in annual earnings growth of 6-8% through 2023.

Probable Source of Future Funds

In addition to the internally generated funds, the company might opt for a new debt issue, as nearly 99% of its capital spending starts generating returns within 12 months of investment. The current debt-to-capital ratio of the company is lower than the industry average and its long-term debt is rated as investment grade by the credit rating agencies.

To Sum Up

The company continues to utilize new technology and business processes to improve safety and reliability of its services. The continuous improvement in its services allows it to serve its expanding customer base in eight states. Atmos Energy recorded a 1.1% increase in customer volume at the end of fiscal 2018 from 2016 levels.

Price Movement

In the last 12 months, Atmos Energy’s shares have returned 5.7%, outperforming its industry’s growth of 0.5%.



Zacks Rank & Key Picks

Atmos Energy currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Some better-ranked stocks from the same sector are One Gas Inc. OGS, Ameren Corporation AEE and Entergy Corporation ETR.

Third-quarter earnings of One Gas, Ameren and Entergy surpassed the Zacks Consensus Estimate by 10.71%, 17.19% and 33.2%, respectively.

One Gas, Ameren and Entergy’s Zacks Consensus Estimate for 2018 earnings has moved up 0.3%, 3.1% and 5.1%, respectively, in the past 30 days.

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Ameren Corporation (AEE): Free Stock Analysis Report
 
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ONE Gas, Inc. (OGS): Free Stock Analysis Report
 
Atmos Energy Corporation (ATO): Free Stock Analysis Report
 
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Zacks Investment Research]]>
http://so-l.ru/news/y/2018_11_29_atmos_energy_to_issue_equity_to_repay_de Thu, 29 Nov 2018 17:46:00 +0300
<![CDATA[AEE vs. ETR: Which Stock is a Better Bet for Your Portfolio?]]> Demand for services provided by utilities registers a steady rise as these are basic necessities of the society. Market for the same is nonvolatile as electricity, gas and water fulfill basic needs. These companies are generally regulated, fundamentally strong and mature. Stable earnings and cash flow rewards through regular dividends to investors make these stocks attractive.

Currently, dividend yield of 3.05% from Zacks Utility - Electric Power industry is better than the Zacks S&P 500 Composite’s 1.95%.

In this article, we run a comparative analysis on two prominent electric power utilities — Ameren Corporation AEE and Entergy Corporation ETR — to ascertain which one performed better and is a suitable investment option right now.

Price Movement

Shares of Ameren have gained 7.9% while the Entergy stock has inched up 0.2% against the industry’s decline of 5.2% in the past 12 months. Thus, price movement of Ameren is better compared with the Entergy 's price performance.



Earnings & Surprise Trend

Ameren’s third-quarter 2018 operating earnings beat the Zacks Consensus Estimate by 17.19%. The company surpassed the consensus estimate in all the trailing four reported quarters, the average being 15.4%.

Entergy’s third-quarter adjusted earnings topped the Zacks Consensus Estimate by 33.22%. The company exceeded the consensus mark in three of the trailing four reported quarters, the average beat being 36.2%.

VGM Score

Both Ameren and Entergy have an impressive VGM Score of B. Here V stands for Value, G for Growth and M for Momentum with the score being a weighted combination of all three factors. Back tested results show that stocks with a favorable VGM Score of A or B coupled with a top Zacks Rank offer the best investment bets.

Dividend Yield

Ameren’s dividend yield of 2.7% is higher than the Zacks S&P 500 Composite’s 1.95%. While the same is lower compared with the industry average of 3.05%.

Entergy’s dividend yield of 4.24% lies above the industry’s 3.05% and the Zacks S&P 500 Composite’s 1.95%.

Debt/Capital

Ameren has 49.40% debt/capital ratio while Entergy has 64.73%. Thus, the former is less leveraged than the latter. The debt level is presently higher than the industry average of 49.52%.

Estimate Revision

In the past 30 days, the Zacks Consensus Estimate for Ameren’s 2018 earnings has moved 3.1% north to $3.37 and the company’s year-over-year growth is pegged at 19.08%.

The Zacks Consensus Estimate for Entergy’s current-year bottom line has been revised 5.1% upward to $6.98 in the past 30 days. While its decline is anticipated at 3.06% year over year.

Zacks Rank

Ameren carries a Zacks Rank #2 (Buy). The company has a market capitalization of around $16.57 billion. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Entergy holds a Zacks Rank 2. It has a market capitalization of $15.55 billion.

How Utilities are Shaping Up for Q4

Regular investment in infrastructure will allow utilities to maintain an uninterrupted flow of service. Utilities are resorting to upgrade and strengthening of the existing infrastructure along with modernizing generation fleet. Monitoring and servicing on a day-to-day basis will heighten customers’ reliability and resiliency on the service providers.

Another undergoing aspect in the utility market specifically for electric utilities is transition. As a result, companies are shifting focus toward renewable energy, thereby replacing the primary fuel source of coal. Meanwhile, rising interest rates are making federal borrowings less profitable and more expensive for traders. Moreover, interest rates has raised thrice in 2018, which is a major concern for utilities.

The Verdict

Both Ameren and Entergy are strong operators in the utility space and it is quite difficult to pick a clear winner among the two when analyzed in terms of most parameters. The companies, carrying a similar Zacks Rank, witnessed the Zacks Consensus Estimate for 2018 move up in the past 30 days.

However, Ameren seems to have edged past Entergy, courtesy of a lower debt-to-capital level compared with the industry and a better year-over-year revision in earnings per share.

Despite a marginal difference between these high-quality utilities, our verdict tilts toward Ameren.

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Ameren Corporation (AEE): Free Stock Analysis Report
 
Entergy Corporation (ETR): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/y/2018_11_28_aee_vs_etr_which_stock_is_a_better_bet Wed, 28 Nov 2018 18:11:00 +0300
<![CDATA[OGE Energy (OGE) to Gain From Investments & Solid Cash Flow]]> We have recently issued an updated research report on OGE Energy Corp. OGE. The company’s third-quarter 2018 earnings of $1.02 per share surpassed the Zacks Consensus Estimate by 6.25%.

The company’s operating revenues of $698.8 million declined 2.5% from $716.8 million registered in the prior-year quarter. Total sales in the reported quarter amounted to 8.5 million megawatt-hours (MWh).

Notably, OGE Energy is the largest electric utility in Oklahoma. Its well-positioned regulated utility and unregulated midstream gas businesses carry low risk.

What’s Driving the Stock?

OGE Energy is pursuing an aggressive energy efficiency program. Between 2018 and 2022, it plans to spend around $5 billion, up from the prior five-year investment plan worth $3.3 billion.

Coming to OGE Energy’s third-quarter achievements, the company witnessed 4% improvement in generation reliability at its Mustang Energy Center from 2017. Distribution reliability also improved 10% over 2017. Moreover, the company completed and placed into service the Windspeed II transmission line, the Covington solar farm.

In the quarter under review, OGE Energy’s Enable Midstream Partners recorded growth in per day natural gas gathered volumes for the 11th consecutive quarter. The partnership also witnessed record levels of distributable cash flow and net income. This is because the partnership continues to tie in assets to expand its existing footprint in some of the most prolific oil and gas basis in the United States.

These apart, OGE Energy’s strong balance sheet is commendable. It allows the company to reward its shareholders with dividends. In line with this, OGE Energy raised its dividend by 10% at the end of September 2018.

On the flip side, Moody's Investors Service lowered its rating from A3 to Baa1 for the company in July 2018. The Oklahoma regulatory environment and the 2017 Tax Act were both cited by Moody's Investors Service as contributing factors to the rating downgrade. Such lower ratings might lead to higher financing costs for OGE Energy.

Zacks Rank and Key Picks

OGE Energy currently carries a Zacks Rank #2 (Buy). A few top-ranked stocks in the same space are Ameren Corporation AEE, Entergy Corporation ETR and CMS Energy Corporation CMS, each carrying the same rank as OGE Energy. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Ameren delivered an average positive earnings surprise of 15.40% in the last four quarters. The Zacks Consensus Estimate for current-year earnings has been revised 5% upward to $3.37 over the past 90 days.

Entergy Corporation delivered an average earnings surprise of 36.20% over the trailing four quarters. The Zacks Consensus Estimate for 2018 earnings has climbed 11.3% to $6.98 over the past 90 days.

CMS Energy delivered an average beat of 6.37% in the preceding four quarters. The Zacks Consensus Estimate for the current-year bottom line has remained unchanged over the past 90 days.

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Entergy Corporation (ETR): Free Stock Analysis Report
 
Ameren Corporation (AEE): Free Stock Analysis Report
 
CMS Energy Corporation (CMS): Free Stock Analysis Report
 
OGE Energy Corporation (OGE): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/y/2018_11_28_oge_energy_oge_to_gain_from_investment Wed, 28 Nov 2018 17:26:00 +0300
<![CDATA[Entergy declares $0.89 dividend]]> http://so-l.ru/news/y/2018_01_26_entergy_declares_0_89_dividend Fri, 27 Jul 2018 20:55:16 +0300 <![CDATA[Why Is Entergy Corporation (ETR) Up 3.09% Since Its Last Earnings Report?]]> It has been about a month since the last earnings report for Entergy Corporation ETR. Shares have added about 3.1% in that time frame.

Will the recent positive trend continue leading up to its next earnings release, or is ETR due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.

Entergy Q4 Earnings Top Estimates, Issues 18 View

Entergy reported fourth-quarter 2017 adjusted earnings of 76 cents per share, beating the Zacks Consensus Estimate of 42 cents by 81%. Moreover, the number improved 145.2% from the year-ago quarter’s figure of 31 cents.

On a GAAP basis, the company reported a loss of $2.66 per share compared with a loss of $9.88 a year ago. The difference between GAAP and operating earnings in the reported quarter was due to the effect of special items.

In 2017, Entergy reported adjusted earnings of $7.20 per share, beating the Zacks Consensus Estimate of $6.91 by 4.2%. Moreover, the number rose 1.3% from the year-ago figure of $7.11.

Segment Results

Utility, Parent & Other: The segment’s quarterly earnings were 41 cents per share compared with 35 cents in the prior-year quarter.

Entergy Wholesale Commodities (EWC): The segment reported operating earnings of 35 cents per share compared with loss of 4 cents in the year-ago quarter.

Highlights of the Release

Interest expenses were $662 million in 2017, down 0.6% from $666 million in the prior year.

In 2017, total retail customers served by the company increased 0.6% to nearly 2.9 million.

Financial Highlights

As of Dec 31, 2017, the company had cash and cash equivalents of $781 million compared with $1,188 million as of Dec 31, 2016.

Total debt, as of Dec 31, 2017, was $16.7 billion compared with $15.3 billion as of Dec 31, 2016.

For 2017, the company generated cash from operating activities of $2,624 million, down $2,999 million from the prior-year quarter.

Guidance

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

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

How Have Estimates Been Moving Since Then?

In the past month, investors have witnessed a downward trend in fresh estimates. There has been one revision lower for the current quarter.

Entergy Corporation Price and Consensus

 

Entergy Corporation Price and Consensus | Entergy Corporation Quote

VGM Scores

At this time, ETR has an average Growth Score of C, however its Momentum is doing a bit better with a B. The stock was allocated a grade of A on the value side, putting it in the top quintile for this investment strategy.

Overall, the stocks has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in.

Based on our scores, the stock is primarily suitable for value investors while also being suitable for those looking for momentum and to a lesser degree growth.

Outlook

Estimates have been broadly trending downward for the stock and the magnitude of this revision looks promising. Notably, ETR has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.


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Zacks Investment Research]]>
http://so-l.ru/news/y/2018_03_26_why_is_entergy_corporation_etr_up_3_09 Mon, 26 Mar 2018 10:31:00 +0300
<![CDATA[Top Analyst Reports for Lockheed Martin, Allergan & Barclays]]> Tuesday, March 13, 2018

The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Lockheed Martin (LMT), Allergan (AGN) and Barclays (BCS). These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.

You can see all of today’s research reports here >>>

Lockheed Martin’s shares have gained +24.3% over the last year, underperforming the Zacks Aerospace Defense sector, which has gained +47.3% over the same period. However, Lockheed Martin, being the largest defense contractor in the world, experiences strong demand for high-end military equipment in both domestic as well as overseas markets.

The Sikorsky takeover has proved to be beneficial for the company, in terms of substantial contract wins for production of newly designed choppers as well as maintenance of the existing one. In fact, strong order growth has been a primary growth driver for this company. Lockheed Martin continues to be a strong cash generator, helping it to take important cash deployment decisions.

However, the F-35 program, despite being a prime defense project for the U.S. government, has been facing criticism for being overly expensive for past few years. The company also faces intense competition for its broad portfolio of products and services in both domestic and international markets.

(You can read the full research report on Lockheed Martin here >>>).

Shares of Allergan have lost -3.2% year to date, marginally underperforming the Zacks Generic Drugs industry, which has declined -3.0% over the same period. Allergan boasts dominant growth franchises across several therapeutic areas.

Key products like Botox and Linzess and new products such as Viberzi, Namzaric and Vraylar support sales. Allergan also boasts a strong branded pipeline with meaningful data readouts expected in 2018. Biosimilars also represent significant opportunity.

However, while the Zacks analyst remains optimistic about the company’s growth prospects, Allergan faces potential loss of exclusivity for many products in 2018 including Namenda XR and Restasis. Also, competition for key growth drivers, Restasis and Linzess, is an investor concern. Nonetheless, in late 2017, Allergan announced cost-cutting initiatives to protect it from potential revenue declines.

(You can read the full research report on Allergan here >>>).

Barclays’s shares have outperformed the Zacks Foreign Banks industry over the last six months, with BCS shares up +17.7% vs. +5.1% gain for the industry. The company has surpassed expectations for earnings in only one of the trailing four quarters. The bank’s fourth quarter 2017 results reflected a slight improvement in revenues and lower expenses.

However, the Zacks analyst thinks restructuring and business simplifying efforts have ended successfully and will likely continue to result in decrease in expenses. Also, driven by these efforts, the company intends to enhance capital deployment activities as profitability improves going forward.

The bank has been facing pressure on revenues owing to weak capital market performance, low interest rates and uncertainty related to Brexit. Further, litigation matters remain a near-term concern.

(You can read the full research report on Barclays here >>>).

Other noteworthy reports we are featuring today include Constellation Brands (STZ), Sun Life Financial (SLF) and Southwest Airlines (LUV).

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Mark Vickery

Senior Editor

Note: Sheraz Mian heads the Zacks Equity Research department and is a well-regarded expert of aggregate earnings. He is frequently quoted in the print and electronic media and publishes the weekly Earnings Trends and Earnings Preview reports. If you want an email notification each time Sheraz publishes a new article, please click here>>>

Featured Reports

Strong Pipeline Boosts Nektar (NKTR), Competition Intense

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Sun Life (SLF) Grows on Strong Asian Business, Costs a Worry

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Restaurant Brands (QSR) Rides on Popeyes Louisiana Buyout

The Zacks analyst believes that the Popeyes Louisiana Kitchen buyout has accelerated Restaurant Brands' global unit development and aided in cutting costs.

Apache (APA) Aided by Alpine High Amid North Sea Woes

The Zacks analyst likes Apache's promising Alpine High discovery with strong economics and top-tier returns but is concerned over operational issues in North Sea that resulted in lower production.

Dividends & Buybacks Buoy Southwest (LUV), High Costs Ail

The Zacks analyst likes the company's efforts to reward shareholders. The increase in passenger revenues are encouraging too.

Copart (CPRT) to Benefit from AVK Acquisition

Per the Zacks analyst, buyout of Finland-based salvage auto auction company AVK will help Copart expand its operations in the Europe's Nordic region.

New Upgrades

Ciena (CIEN) Rides on Solid Portfolio, Asia Pacific Growth

Per the Zacks analyst, Ciena's diversified product portfolio is helping it to expand its customer base. High growth in Asia Pacific, especially in India, is a key driver.

Solid Timberland Performance to Aid Rayonier's (RYN) Growth

The Zacks analyst thinks that improving performance in the Pacific Northwest and New Zealand timber segment will enable Rayonier to enjoy better pricing power.

Robust Portfolio, China & Europe Strength Aids Agilent (A)

Per the Zacks analyst, Agilent benefits from an expanding product portfolio, end-market strength and robust performance in China and Europe.

New Downgrades

Cures Act Hurts BioScrip (BIOS) Sales, Non-core Wing Shrinks

Per the Zacks analyst, Cures Act related reimbursement issues will continue to mar BioScrip's topline performance through 2021. Non-core business mix contraction continues to hamper sales growth.

Weak Connected Care & Health Informatics Hurts Philips (PHG)

Per the Zacks analyst, tepid performance of Philips' Connected Care & Health Informatics business due to postponement of large orders in health informatics is weighing on the company's bottom line.

Soft Wine Business Hurt Constellation Brands' (STZ) Top Line

Per the Zacks analyst, softness in Constellation Brands' wine and spirits business is impacting overall sales. Going forward, the segment's results are likely to be hurt by slowdown in the industry.


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Allergan plc (AGN): Free Stock Analysis Report
 
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Zacks Investment Research]]>
http://so-l.ru/news/y/2018_03_13_top_analyst_reports_for_lockheed_martin Tue, 13 Mar 2018 23:15:00 +0300
<![CDATA[Entergy Gets City Council's Nod to Build 128MW Power Plant]]> Entergy Corp.’s ETR subsidiary, Entergy New Orleans, has recently received the New Orleans City Council’s approval to construct a natural-gas fired power plant in the city. Notably, this latest development is in sync with the company’s efforts to include renewable energy in its generation resource portfolio for diversification.

About the Plant

The New Orleans power station, composed of seven natural gas-fired reciprocating engines, comes with an electricity generation capacity worth 128 megawatt (MW). Entergy expects the plant to commence its services by January 2020.

Entergy will invest $210 million in this project, which includes transmission and other project-related costs and contingency. Moreover, it expects to issue a full notice to proceed to the engineering, procurement and construction contractor by end of March 2018.

Impressively, the reciprocating engines installed in this plant have self-start capability, thus enabling the company to start the unit even when there is no power on the electric grid. These engines will also help in grid stability and storm restoration by providing a local source of power generation. Markedly, the New Orleans Power Station will use minimal groundwater.

Economic Benefits of the Plant

Apart from generating clean energy, the power plant will help in boosting New Orleans’ economic development. According to Louisiana economist, Dr. Loren Scott, the plant's construction phase will generate new business sales worth $206 million in Orleans Parish and new household earnings worth more than $28 million in for parish residents.

Moreover, during the construction, an average of 92 people will get employment per year while the Orleans Parish treasury will gain approximately $1 million in the form of new sales taxes into. On completion, the plant will employ approximately 20 people.

Our View

After realizing the fact that alternative energy sources like solar, wind and natural gas are important for future, many electric utilities have started restructuring their generation resource portfolio to include renewable energy. In this context, Entergy is no exception. In fact, we believe the New Orleans power plant is part of the company’s commitment toward pursuing up to 100 MW of renewable resources to serve its New Orleans customers, which account for more than 20,000 individuals.

Notably, retail sales of electricity in Louisiana, the state in which New Orleans resides, are among the highest in the United States.  Per a U.S. Energy Information Administration (“EIA”) report,  total renewables used in the electric power sector are projected to increase 41% in 2018.  Naturally, electricity providers will try to make most of this opportunity and enhance their renewable resource portfolio in this state. Therefore, in line with this, the construction of the natural-gas fired power plant seems to be a strategically efficient decision by Entergy.

Furthermore, with Louisiana being one of the top five natural gas-producing states in the country, the New Orleans plant is expected to never run out of natural-gas reserve. This will allow Entergy to cater to the growing demand for electricity in the city and in turn boost its profit margin.

Price Movement

In a year’s time, Entergy’s shares have gained 4.2% against the broader industry’s decline of 3.7%. The outperformance can be attributed to the company’s disciplined investment in growth projects for the modernization of grid along with evolving customer demand and regulatory support to recover investments.

 

Zacks Rank & Key Picks

Entergy has a Zacks Rank #3 (Hold). Some better-ranked stocks in the same industry are CenterPoint Energy CNP, Exelon EXC and NextEra Energy NEE. While CenterPoint Energy sports a Zacks Rank#1 (Strong Buy), Exelon and NextEra Energy carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

CenterPoint Energy pulled off an average positive earnings surprise of 11.50% in the last four quarters. The Zacks Consensus Estimate for 2018 earnings moved up 14 cents over the past 90 days.

Exelon boasts a long-term earnings growth rate of 5%. The Zacks Consensus Estimate for 2018 earnings climbed 15 cents over the past 90 days.

NextEra Energy posted an average positive earnings surprise of 4.75% in the last four quarters. The Zacks Consensus Estimate for 2018 earnings moved north 49 cents over the past 90 days.

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CenterPoint Energy, Inc. (CNP): Free Stock Analysis Report
 
Exelon Corporation (EXC): Free Stock Analysis Report
 
NextEra Energy, Inc. (NEE): Free Stock Analysis Report
 
Entergy Corporation (ETR): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/y/2018_03_13_entergy_gets_city_council_s_nod_to_build Tue, 13 Mar 2018 16:26:00 +0300
<![CDATA[Top Ranked Income Stocks to Buy for March 7th]]> Here are four stocks with buy rank and strong income characteristics for investors to consider today, March 7th:

National Fuel Gas Company (NFG): This diversified energy company has witnessed the Zacks Consensus Estimate for its current year earnings rising 14.9% over the last 60 days.

This Zacks Rank #2 (Buy) company has a dividend yield of 3.29%, compared with the industry average of 2.98%. Its five-year average dividend yield is 2.63%.

Western Asset Mortgage Capital Corporation (WMC): This real estate investment trust has witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.7% over the last 60 days.

This Zacks Rank #2 (Buy) company has a dividend yield of 13.61%, compared with the industry average of 8.90%. Its five-year average dividend yield is 17.22%.

Just Energy Group Inc. (JE): This renewable energy solutions provider has witnessed the Zacks Consensus Estimate for its current year earnings rising more than 100% over the last 60 days.

This Zacks Rank #2 (Buy) company has a dividend yield of 8.29%, compared with the industry average of 2.98%. Its five-year average dividend yield is 9.68%.

Entergy Corporation (ETR): This distributor of electricity in the United States has witnessed the Zacks Consensus Estimate for its current year earnings increasing 3.1% over the last 60 days.

This Zacks Rank #2 (Buy) company has a dividend yield of 4.58%, compared with the industry average of 3.48%. Its five-year average dividend yield is 4.63%.

Entergy Corporation Dividend Yield (TTM)

Entergy Corporation Dividend Yield (TTM)

Entergy Corporation dividend-yield-ttm | Entergy Corporation Quote

See the full list of top ranked stocks here

Find more top income stocks with some of our great premium screens.

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Western Asset Mortgage Capital Corporation (WMC): Free Stock Analysis Report
 
National Fuel Gas Company (NFG): Free Stock Analysis Report
 
Just Energy Group, Inc. (JE): Free Stock Analysis Report
 
Entergy Corporation (ETR): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/y/2018_03_07_top_ranked_income_stocks_to_buy_for_marc Wed, 07 Mar 2018 15:59:00 +0300
<![CDATA[Duke Energy Requests Rate Hike for North Carolina Customers]]> Duke Energy’s DUK subsidiary Duke Energy Progress recently proposed to increase electricity rates for customers residing in North Carolina. If approved by the North Carolina Utilities Commission, residential customers will have to pay an additional $5.22 a month for availing services.

Details of the Rate Hike

Per the terms of the proposal, the company aims to hike electric rates by 4.7% in the first four years and an additional 1.3% thereafter. As a result, the annualized bill for a residential customer will increase from the current rate of $10.8.27 per month to $113.49. This hike will also include an increase in the basic customer charge from $11.13 to $14.00 per month.

The average net rate increase for the first four years will be 6.2% for residential customers, 5.1 % for the small general service group, 3.1 % for medium general service group and 3.6% for large general service group. After the fourth year, the rates are expected to change to 7.3% for the residential customer group, 6.1 % for the small general service group, 4.7 % for medium general service group and 5.6% for large general service group.

Our View

The current rate request filing by the company is in sync with its aim of investing in and generating cleaner electricity by responsibly managing coal ash and improving energy reliability. This, in turn is likely to increase value for customers and shareholders for a smarter energy future.

Usually, utility providers like Duke Energy files for rate increase to recover costs of investment and thereby extend operations and provide better services. The tax reform implemented by the U.S. government last December, set the stage for this utility’s increased rate base. Notably, lower tax rate and elimination of bonus depreciation resulting in lower deferred taxes increases the rate base. As a result, the company expects to witness higher rate base growth for the same level of capital it earlier used to spend, thereby resulting in substantial earnings growth.

Notably, the company’s robust five-year capital plan and current plans of investing about $30 billion in electric utilities and infrastructural growth projects over the 2018-2022 time frame supports this notion. Webelieve such rate base increase, which in turn leads to notable earnings growth, will allow the company to duly achieve its long-term investment targets.

Price Movement

Duke Energy has lost 7.9% in the last 12 months, compared with the broader industry’s decline of 5.6%. The underperformance may have been caused by the potential volatility in market prices of fuel, electricity and other renewable energy commodities that could further create operational risks for the company.

 


 

 

Zacks Rank & Key Picks

Duke Energy currently has a Zacks Rank #4 (Sell).

Some better-ranked stocks in the same industry include CenterPoint Energy CNP, NextEra Energy NEE and Entergy Corporation ETR, all of them carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

CenterPoint Energy pulled off an average positive earnings surprise of 11.50% in the last four quarters. The Zacks Consensus Estimate for 2018 earnings moved up 13 cents over the past 90 days.

Entergy Corporation delivered average positive earnings surprise of 60.21% in the last four quarters. The Zacks Consensus Estimate for 2018 earnings moved up 15 cents over the past 90 days.

NextEra Energy posted average positive earnings surprise of 4.75% in the last four quarters. The Zacks Consensus Estimate for 2018 earnings moved up 49 cents over the past 90 days.

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CenterPoint Energy, Inc. (CNP): Free Stock Analysis Report
 
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Entergy Corporation (ETR): Free Stock Analysis Report
 
Duke Energy Corporation (DUK): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/y/2018_03_05_duke_energy_requests_rate_hike_for_north Mon, 05 Mar 2018 17:13:00 +0300
<![CDATA[Alliant Energy's Focus on Renewable Assets to Drive Growth]]> Alliant Energy Corporation LNT is well positioned for long-term growth on strong economic development in its service areas, and ongoing investment in regulated natural gas and renewable energy assets.

Alliant Energy has plans to invest nearly $5 billion during the 2018-2021 time frame. The company is successfully completing major construction projects on time and at or below budget. Constructive regulatory environment will enable the company to recover capital expenditures and thus improve earnings.

Alliant Energy currently targets long-term annual earnings growth in the range of 5% to 7%. We expect Alliant Energy to keep up the good performance and achieve the earnings growth target on the back of a number of strategic initiatives undertaken by the company.

Nearly 98% of the earnings of the company are generated from regulated operations. The regulated nature of Alliant Energy's operation provides strong earnings visibility, which has enabled the company to increase the annual dividend rate for more than a decade.

Despite the strong positives, demand for the utility continues to vary with weather conditions, on which the company has no control. Milder summer and winter months could adversely impact earnings and performance of the company.

Alliant Energy is subject to extensive environmental regulations at both federal and state levels. This could impact the company’s operations and its ability to recover costs from customers on a timely basis and hence the rate of return.

Price Movement

In the past year, shares of Alliant Energy have lost 1.7% narrower than the industry's decline of 5.5%.



Alliant Energy has a Zacks Rank #3 (Hold). A few better-ranked stocks in the industry are NextEra Energy NEE, Entergy Corporation ETR and CenterPoint Energy Inc. CNP, each carriying a Zacks Rank#2 (Buy).  You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

NextEra Energy delivered an average positive earnings surprise of 4.75% in the last four quarters. Its 2018 and 2019 Zacks Consensus Estimate moved up 6.8% and 6.9%, respectively, in the last 60 days.

Entergy Corporation pulled off an average positive earnings surprise of 60.21% in the last four quarters. Its 2018 and 2019 Zacks Consensus Estimate surged 2.6% and 2.8%, respectively, in the last 60 days.

CenterPoint Energy delivered an average positive earnings surprise of  11.50% in the last four quarters. Its 2018 and 2019 Zacks Consensus Estimate moved up 9.2% and 7.9%, respectively, in the last 60 days.

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CenterPoint Energy, Inc. (CNP): Free Stock Analysis Report
 
NextEra Energy, Inc. (NEE): Free Stock Analysis Report
 
Entergy Corporation (ETR): Free Stock Analysis Report
 
Alliant Energy Corporation (LNT): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/y/2018_03_02_alliant_energy_s_focus_on_renewable_asse Fri, 02 Mar 2018 19:05:00 +0300
<![CDATA[Entergy (ETR) Q4 Earnings Top Estimates, Issues 18 View]]> Entergy Corporation ETR reported fourth-quarter 2017 adjusted earnings of 76 cents per share, beating the Zacks Consensus Estimate of 42 cents by 81%. Moreover, the number improved 145.2% from the year-ago quarter’s figure of 31 cents.
 
On a GAAP basis, the company reported a loss of $2.66 per share compared with a loss of $9.88 a year ago. The difference between GAAP and operating earnings in the reported quarter was due to the effect of special items.

Entergy Corporation Price, Consensus and EPS Surprise

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

In 2017, Entergy reported adjusted earnings of $7.20 per share, beating the Zacks Consensus Estimate of $6.91 by 4.2%. Moreover, the number rose 1.3% from the year-ago figure of $7.11.

Segment Results

Utility, Parent & Other: The segment’s quarterly earnings were 41 cents per share compared with 35 cents in the prior-year quarter.

Entergy Wholesale Commodities (EWC): The segment reported operating earnings of 35 cents per share compared with loss of 4 cents in the year-ago quarter.

Highlights of the Release
 
Interest expenses were $662 million in 2017, down 0.6% from $666 million in the prior year.

In 2017, total retail customers served by the company increased 0.6% to nearly 2.9 million.

Financial Highlights

As of Dec 31, 2017, the company had cash and cash equivalents of $781 million compared with $1,188 million as of Dec 31, 2016.

Total debt, as of Dec 31, 2017, was $16.7 billion compared with $15.3 billion as of Dec 31, 2016.

For 2017, the company generated cash from operating activities of $2,624 million, down $2,999 million from the prior-year quarter.

Guidance

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

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

Zacks Rank

Entergy carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Recent Peer Releases

Duke Energy DUK reported fourth-quarter 2017 adjusted earnings of 94 cents per share, beating the Zacks Consensus Estimate of 91 cents by 3.3%.

PG&E Corporation’s PCG adjusted operating earnings per share of 63 cents in fourth-quarter 2017 missed the Zacks Consensus Estimate of 69 cents by 8.7%.

CenterPoint Energy, Inc. CNP reported fourth-quarter 2017 adjusted earnings of 33 cents per share, beating the Zacks Consensus Estimate of 30 cents by 10%.

Zacks Top 10 Stocks for 2018

In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2018?

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CenterPoint Energy, Inc. (CNP): Free Stock Analysis Report
 
Entergy Corporation (ETR): Free Stock Analysis Report
 
Duke Energy Corporation (DUK): Free Stock Analysis Report
 
Pacific Gas & Electric Co. (PCG): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/y/2018_02_23_entergy_etr_q4_earnings_top_estimates Fri, 23 Feb 2018 19:10:00 +0300
<![CDATA[Entergy Corporation (ETR) Beats on Q4 Earnings Estimates]]> New Orleans, LA based Entergy Corporation ETR is primarily engaged in electric power production and retail distribution of power. Entergy's disciplined investments in growth projects are expected to be the major drivers for earnings over the long haul. Entergy plans to invest $10.4 billion in the 2017–2019 time frame, with the major share going to its generation and transmission business.

However, the company depends upon rate relief at regular intervals and any adverse decision can materially impact the company’s earnings.

Estimate Trend & Surprise History

Coming to the earnings surprise, Entergy has surpassed the Zacks Consensus Estimate in three of the last four quarters, resulting in a positive average surprise of 85.43%.

Zacks Rank: Currently, Entergy has a Zacks Rank #3 (Hold) but that could change following its fourth-quarter 2017 earnings report which has just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

We have highlighted some of the key details from the just-released announcement below:

Earnings: Entergy’s fourth-quarter adjusted earnings per share came in at 76 cents beating the Zacks Consensus Estimate of 42 cents by 81%.

Key Stats: The company registered a 0.6% year over year improvement in total retail customer count in 2017.

Stock Price: It would be interesting to see how the market reacts to the earnings release during the trading session today.

Check back for our full write up on this ETR earnings report later!

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Entergy Corporation (ETR): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/y/2018_02_23_entergy_corporation_etr_beats_on_q4_ea Fri, 23 Feb 2018 15:57:00 +0300
<![CDATA[Entergy beats by $0.30]]> http://so-l.ru/news/y/2018_02_23_entergy_beats_by_0_30 Fri, 23 Feb 2018 14:35:44 +0300 <![CDATA[Eversource Energy (ES) Q4 Earnings: What's in the Cards?]]> Eversource Energy ES is expected to beat earnings as it reports fourth-quarter 2017 results before the opening bell on Feb 23. Last quarter, the company reported a negative earnings surprise of 2.38%.

Why a Likely Positive Surprise

Our proven model shows that Eversource is likely to beat estimates this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. Eversource has the right combination of factors, as you will see below.

Eversource Energy Price and EPS Surprise
 

Eversource Energy Price and EPS Surprise | Eversource Energy Quote

Zacks ESP: Eversource has an Earnings ESP of +0.66%. This is because the Most Accurate estimate is pegged higher at 77 cents compared with the Zacks Consensus Estimate of 76 cents.

You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Zacks Rank: Eversource carries a Zacks Rank #3. The combination of the company’s rank combined with positive ESP makes up optimistic about an earnings beat this season.

As it is, we caution against stocks with a Zacks Rank #4 or 5 (Sell-rated) going into the earnings announcement, especially when the company is seeing negative estimate revisions.

Factors to Consider
                                                                    
Eversource Energy will gain from its cost savings initiatives and have a positive impact on its margins. Favorable weather conditions in its service territories might have a positive effect on demand and earnings.

Similar to the first nine months of 2017, the company is expected to gain from higher transmission earnings.

The Zacks Consensus Estimate for revenues is pegged at $1,826 million, reflecting an increase of 2.8% year over year. Additionally, the Zacks Consensus Estimate for earnings per share also reflects a year-over-year increase of 5.5%

Other Stocks to Consider

Apart from Eversource, investors can also consider a few players from the Zacks Utility sector that have the right combination of elements to post an earnings beat this quarter.

Entergy Corporation ETR has an Earnings ESP of +19.05%. It carries a Zacks Rank #3 and is expected to report fourth-quarter 2017 results on Feb 23.

You can see the complete list of today’s Zacks #1 Rank stocks here.

Edison International EIX has an Earnings ESP of +1.08%. It carries a Zacks Rank #3 and is expected to report fourth-quarter 2017 results on Feb 22.

Public Service Enterprise Group PEG has an Earnings ESP of +1.92%. It carries a Zacks Rank #3 and is anticipated to report fourth-quarter 2017 results on Feb 23.

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Entergy Corporation (ETR): Free Stock Analysis Report
 
Edison International (EIX): Free Stock Analysis Report
 
Public Service Enterprise Group Incorporated (PEG): Free Stock Analysis Report
 
Eversource Energy (ES): Free Stock Analysis Report
 
To read this article on Zacks.com click here.]]>
http://so-l.ru/news/y/2018_02_21_eversource_energy_es_q4_earnings_what Wed, 21 Feb 2018 17:50:00 +0300
<![CDATA[What's in Store for Entergy (ETR) This Earnings Season?]]> Entergy Corporation ETR will release fourth-quarter 2017 results on Feb 23, before the opening bell.

Last quarter, the company delivered a positive earnings surprise of 7.31%. Moreover, Entergy Corp. outperformed the Zacks Consensus Estimate in three of the trailing four quarters, with an average beat of 85.43%.

Let’s see how things are shaping up prior to this announcement.

Factors at Play

Most of the company's service territories witnessed warmer-than-normal winters during the quarter under review. This has lowered demand for electricity in these regions, which in turn, is expected to weigh on the company’s fourth-quarter sales.

The Zacks Consensus Estimate for Entergy Corp.’s fourth-quarter sales of $2.33 billion marks a year-over-year decline of 12.2%.

In October 2017, the Louisiana Public Service Commission approved the recovery of nuclear dry fuel storage costs incurred by Entergy Corp. earlier. The move is expected to boost the company’s fourth-quarter earnings. Our consensus estimate for fourth-quarter earnings of 42 cents per share reflects an annual growth of 35.5%.

Moreover, during the fourth quarter, Entergy Corp. raised its quarterly dividend by 2.3% to 89 cents per share. This indicates improved cash inflow from operating activities for the company which we believe will drive its fourth-quarter results.

Earnings Whispers

Our proven model does not show that Entergy Corp. is likely to beat earnings this quarter. This is because a stock needs to have both — a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) — for this to happen. This is not the case here, as you will see below.

Zacks ESP: Entergy Corp. has an Earnings ESP of -2.06%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Zacks Rank: Entergy Corp. carries a Zacks Rank #3. However, the company’s negative Earnings ESP makes surprise prediction difficult.

Conversely, we caution against Sell-rated stocks (#4 or 5) going into the earnings announcement, especially when the company is seeing negative estimate revisions.

 

Entergy Corporation Price and EPS Surprise

 

Entergy Corporation Price and EPS Surprise | Entergy Corporation Quote

 

Stocks to Consider

Here are a few operators in the utility space that you may consider, as our model shows that they have the right combination of elements to deliver an earnings beat this quarter:

Edison International EIX has an Earnings ESP of +1.44% and a Zacks Rank #3. The company is scheduled to report fourth-quarter results on Feb 22. You can see the complete list of today’s Zacks #1 Rank stocks here.

Public Service Enterprise PEG has an Earnings ESP of +1.92% and a Zacks Rank #3. The company is scheduled to report fourth-quarter results on Feb 23.

Pinnacle West Capital PNW has an Earnings ESP of +12.20% and a Zacks Rank #3. The company is scheduled to report fourth-quarter results on Feb 23.

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It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.

And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.

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Pinnacle West Capital Corporation (PNW): Free Stock Analysis Report
 
Entergy Corporation (ETR): Free Stock Analysis Report
 
Edison International (EIX): Free Stock Analysis Report
 
Public Service Enterprise Group Incorporated (PEG): Free Stock Analysis Report
 
To read this article on Zacks.com click here.]]>
http://so-l.ru/news/y/2018_02_21_what_s_in_store_for_entergy_etr_this_e Wed, 21 Feb 2018 16:25:00 +0300
<![CDATA[Entergy Stock Price & Research (NYSE: ETR)]]> http://so-l.ru/news/y/2018_02_16_entergy_stock_price_research_nyse_et Fri, 16 Feb 2018 18:52:34 +0300 <![CDATA[Consolidated Edison (ED) Q4 Earnings: A Beat in the Cards?]]> We expect Consolidated Edison, Inc. ED to beat earnings expectation when it reports fourth-quarter 2017 results on Feb 15, after the closing bell.

The company surpassed the Zacks Consensus Estimate in two of the past four quarters, with an average beat of 0.06%.

Why a Likely Positive Surprise

Our proven model shows that Consolidated Edison is likely to beat earnings this quarter. Notably, a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. Consolidated Edison possesses both these attributes, as mentioned below:

Zacks ESP: Consolidated Edison has an Earnings ESP of +0.64%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Zacks Rank: Consolidated Edison currently carries a Zacks Rank #3, which along with a positive earnings ESP increases the chance of surprise prediction.

Meanwhile, we caution against stocks with a Zacks Rank #4 or 5 (Sell rated) going into the earnings announcement, especially when the company is seeing negative estimate revisions

Factors at Play

Of late Consolidated Edison has been incorporating renewable energy in its grid at an increasing rate. As a result, its third-quarter results reflected higher revenues from renewable electric production projects. We expect the company’s fourth-quarter results to reflect the same.

Consolidated Edison’s regulated based utilities provide it with a stable earnings base. The Zacks Consensus Estimate for the company’s fourth-quarter earnings of 78 cents per share reflects an improvement of 13% year over year.

Moreover, the company's service territories witnessed colder-than-normal temperatures during the quarter. This is likely to result in higher household expenditure on heating and, in turn, will most likely boost the revenues for this energy provider.

 

Consolidated Edison Inc Price and EPS Surprise

 

Consolidated Edison Inc Price and EPS Surprise | Consolidated Edison Inc Quote

 

Other Stocks That Warrant a Look

Here are some other companies from the Zacks Utility sector you may want to consider as our model shows that these also have the right combination of elements to post an earnings beat this quarter:

NiSource NI has an Earnings ESP of +1.45% and a Zacks Rank #3. It is slated to report upcoming quarter results on Feb 20. You can see the complete list of today’s Zacks #1 Rank stocks here.

CenterPoint Energy CNP has an Earnings ESP of +7.62% and carries a Zacks Rank #3. It is slated to report upcoming quarter results on Feb 22.

Entergy Corporation ETR has an Earnings ESP of +13.74% and carries a Zacks Rank #3. It is slated to report upcoming quarter results on Feb 23.

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Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.

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CenterPoint Energy, Inc. (CNP): Free Stock Analysis Report
 
NiSource, Inc (NI): Free Stock Analysis Report
 
Entergy Corporation (ETR): Free Stock Analysis Report
 
Consolidated Edison Inc (ED): Free Stock Analysis Report
 
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Zacks Investment Research]]>
http://so-l.ru/news/y/2018_02_13_consolidated_edison_ed_q4_earnings_a Tue, 13 Feb 2018 16:20:00 +0300
<![CDATA[Chicago Bridge & Iron Breaks Ground on Louisiana Power Plant]]>

Chicago Bridge & Iron Company N.V. CBI recently announced the groundbreaking for the Lake Charles Power Station, located in Lake Charles, LA. The power station is the new natural gas-fired combined-cycle power plant for Entergy Corporation’s subsidiary, Entergy Louisiana, LLC. This marks the second of three identical power projects that are included in the strategic partnership framework between the companies.

Chicago Bridge & Iron’s work will include the engineering, procurement, construction, as well as commissioning for the 994 megawatt plant. The power plant features advanced-class turbines that facilitate production of clean power generation efficiently. The development of the power generation plants will offer clean, reliable as well as affordable power to the local community, along with generating jobs in the surrounding area.

Existing Business Scenario

Although Chicago Bridge & Iron anticipates multiple opportunities in key end markets including the United States, East Africa and the Middle East, it has been treading rough waters in recent times. The Zacks Rank #5 (Strong Sell) company has gained 14.9% in past three months, underperforming the industry’s growth of 18.6%.

Like most of the companies operating in the energy domain, particularly oil and gas sector, volatility in commodity pricing continues to be a major drag for profitability. This apart, over the past few quarters, the company witnessed a precipitous decline in capital investments that has severely marred its financials.

Moreover, decreased activity on large cost reimbursable LNG projects in Asia Pacific region, the winding down of several Engineering & Construction projects and the timing of progress on projects in Fabrication Services group have affected revenues. Also, the company’s margins are deeply impacted by rise in cost on IPL and Calpine power projects as well as with execution of its other projects. Decline in both U.S. storage tank work and federal government spending, along with constant project deferrals are proving to be major headwinds.

Chicago Bridge & Iron intends to sell its crowning glory, the Technology licensing business, for roughly $2 billion or more (net proceeds are likely to exceed the company’s entire net debt of about $1.5 billion). During the last reported quarter, its net contract capital position for continuing operations also declined steeply sequentially, which hurt cash flow. With slumping revenues, bleak guidanceand the need for extreme strategic action, we believe that the future looks exceedingly uncertain for the company.

Stocks to Consider

Some better-ranked stocks from the same space are MasTec, Inc. MTZ, NCI Building Systems, Inc. NCS and Rayonier Inc. RYN. While MasTec sports a Zacks Rank #1 (Strong Buy), NCI Building Systems and Rayonier carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

MasTec has outpaced estimates in the preceding four quarters, with an average earnings surprise of 28.1%.

NCI Building Systems has surpassed estimates twice in the trailing four quarters, with an average positive earnings surprise of 9.7%.

Rayonier has surpassed estimates thrice in the trailing four quarters, with an average positive earnings surprise of 96.0%.

The Hottest Tech Mega-Trend of All

Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce ""the world's first trillionaires,"" but that should still leave plenty of money for regular investors who make the right trades early.

See Zacks' 3 Best Stocks to Play This Trend >>


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NCI Building Systems, Inc. (NCS): Free Stock Analysis Report
 
Rayonier Inc. (RYN): Free Stock Analysis Report
 
Chicago Bridge & Iron Company N.V. (CBI): Free Stock Analysis Report
 
MasTec, Inc. (MTZ): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://so-l.ru/news/y/2018_01_24_chicago_bridge_iron_breaks_ground_on_l Wed, 24 Jan 2018 21:03:00 +0300
<![CDATA[OGE Energy (OGE) Q3 Earnings Miss Estimates, Cuts '17 View]]> OGE Energy Corp. OGE posted third-quarter 2017 earnings of 92 cents per share, which missed the Zacks Consensus Estimate of 93 cents by a penny. However, the reported figure was flat year over year.
 
Revenues

OGE Energy’s operating revenues of $716.8 million in the quarter fell 3.6% from the prior-year figure of $743.9 million.

Operational Highlights

Total sales in the reported quarter amounted to 8.1 million megawatt-hours (MWh), down from 8.7 million MWh in the prior-year quarter. This decline was due to lower system as well as integrated market sales. Meanwhile, the company’s customer count increased by 8,285 or 1%.

Cost of sales in the quarter under review was $255.7 million, down 5.2%.

Total operating expenses increased 0.5% year over year to $217.8 million mainly on the back of higher other operation and maintenance expenses as well as taxes other than income. However, operating income declined 14% to $243.3 million from the year-ago figure of $257.3 million.

Interest expenses totaled $35.9 million in the quarter, up from $35.4 million a year ago.

OGE Energy Corporation Price, Consensus and EPS Surprise

OGE Energy Corporation Price, Consensus and EPS Surprise | OGE Energy Corporation Quote

Other Highlights of the Release

OGE Energy reported net income of $183.4 million in this quarter, down from the prior-year figure of $183.6 million.

OG&E:  The segment’s net income increased 1.3% year over year to $162 million in the quarter. The upside was mainly owing to non-cash earnings used to recover financing costs during construction of the Mustang and Sooner plants.

Natural Gas Midstream Operations: The segment posted net income of $21 million compared with $23 million in the year-ago period. The decline was primarily due to increased operating and interest expenses.

Guidance

OGE Energy revised its guidance for 2017. The company now expects consolidated earnings to be in the range of $1.85 to $1.91 per share compared with $1.93-$2.09, projected earlier.

Also, OG&E, the regulated utility, expects to earn $1.50-$1.52 per share, down from $1.58-$1.70, guided earlier.

Peer Releases

Entergy Corporation ETR reported third-quarter 2017 operational earnings of $2.35 per share beating the Zacks Consensus Estimate of $2.24 by 4.9%. The reported number improved 1.7% from the year-ago figure. The company carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

DTE Energy Company DTE reported third-quarter 2017 operating earnings per share (EPS) of $1.48, which missed the Zacks Consensus Estimate of $1.53 by 3.3%. Operating earnings also declined 24.5% from the year-ago figure of $1.96. The company carries a Zacks Rank #2 (Buy).

American Electric Power Co., Inc. AEP reported third-quarter 2017 operating EPS of $1.10, missing the Zacks Consensus Estimate of $1.19 by 7.6%. The bottom line also declined 15.4% from $1.30 a year ago. The company carries a Zacks Rank #3.

Zacks Rank

OGE Energy carries a Zacks Rank #4 (Sell).

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American Electric Power Company, Inc. (AEP): Free Stock Analysis Report
 
Entergy Corporation (ETR): Free Stock Analysis Report
 
DTE Energy Company (DTE): Free Stock Analysis Report
 
OGE Energy Corporation (OGE): Free Stock Analysis Report
 
To read this article on Zacks.com click here.]]>
http://so-l.ru/news/y/2017_11_03_oge_energy_oge_q3_earnings_miss_estima Fri, 03 Nov 2017 18:39:00 +0300