Seeking Clues to Entergy (ETR) Q3 Earnings? A Peek Into Wall Street Projections for Key Metrics

Analysts on Wall Street project that Entergy (ETR) will announce quarterly earnings of $1.45 per share in its forthcoming report, representing a decline of 3.3% year over year. Revenues are projected to reach $3.53 billion, increasing 4% from the same quarter last year.The current level reflects a downward revision of 8.3% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.Bearing this in mind, let's now explore the average estimates of specific Entergy metrics that are commonly monitored and projected by Wall Street analysts.The consensus estimate for 'Operating Revenue- Electric' stands at $3.50 billion. The estimate indicates a change of +4.8% from the prior-year quarter.Based on the collective assessment of analysts, 'Operating Revenue- Other' should arrive at $15.28 million. The estimate suggests a change of -19.4% year over year.The collective assessment of analysts points to an estimated 'Operating Revenue- Natural Gas' of $35.56 million. The estimate indicates a change of +10% from the prior-year quarter. View all Key Company Metrics for Entergy here>>> Over the past month, shares of Entergy have returned +5.9% versus the Zacks S&P 500 composite's +1.3% change. Currently, ETR carries a Zacks Rank #2 (Buy), suggesting that it may outperform. the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .Zacks Names #1 Semiconductor StockThis under-the-radar company specializes in semiconductor products that titans like NVIDIA don't build. It's uniquely positioned to take advantage of the next growth stage of this market. And it's just beginning to enter the spotlight, which is exactly where you want to be.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $971 billion by 2028.See This Stock Now for Free >>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 Corporation (ETR): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks