Entergy corporation (NYSE: ETR) has reported earnings for its second fiscal quarter (ending June 30) of $0.23 versus $1.85 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $8.37 versus $6.51 for the same period a year ago.
Recent Price Action
Entergy corporation (NYSE: ETR) stock enjoyed a large increase of 4.2% on 8/1/24. The stock closed at $120.82. Moreover, this advance was accompanied by above average trading volume at 130% of normal. The stock has been strong relative to the market over the last nine months and has risen 8.0% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, ETR is expected to continue to be an important Value Builder.
Entergy corporation has a current Value Trend Rating of B (Positive). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Entergy corporation has a slightly positive Power Rating of 60 and a good Appreciation Score of 75, with the Positive Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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