Unveiling Entergy (ETR) Q2 Outlook: Wall Street Estimates for Key Metrics

The upcoming report from Entergy (ETR) is expected to reveal quarterly earnings of $0.85 per share, indicating a decline of 11.5% compared to the year-ago period. Analysts forecast revenues of $3.13 billion, representing an increase of 6% year over year.The consensus EPS estimate for the quarter has undergone a downward revision of 1.8% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.In light of this perspective, let's dive into the average estimates of certain Entergy metrics that are commonly tracked and forecasted by Wall Street analysts.According to the collective judgment of analysts, 'Operating Revenue- Electric' should come in at $3.20 billion. The estimate points to a change of +10.1% from the year-ago quarter.The average prediction of analysts places 'Operating Revenue- Natural Gas' at $34.61 million. The estimate points to a change of -2.1% from the year-ago quarter.Analysts forecast 'Operating Revenue- Other' to reach $11.52 million. The estimate points to a change of -5.7% from the year-ago quarter. View all Key Company Metrics for Entergy here>>> Shares of Entergy have demonstrated returns of +7.7% over the past month compared to the Zacks S&P 500 composite's +4.6% change. With a Zacks Rank #3 (Hold), ETR is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .#1 Semiconductor Stock to Buy (Not NVDA)The incredible demand for data is fueling the market's next digital gold rush. As data centers continue to be built and constantly upgraded, the companies that provide the hardware for these behemoths will become the NVIDIAs of tomorrow.One under-the-radar chipmaker is uniquely positioned to take advantage of the next growth stage of this market. It specializes in semiconductor products that titans like NVIDIA don't build. It's just beginning to enter the spotlight, which is exactly where you want to be.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