Entergy corporation (NYSE: ETR) has reported E.P.S. of $3.01 for its third fiscal quarter (ending September 30) versus $3.15 for the same period a year ago — a decline of -4%. For the latest four quarters through September 30, E.P.S. were $8.24 compared to $6.95 a year ago — an increase of 19%.
Recent Price Action
On 10/31/24, Entergy corporation (NYSE: ETR) stock enjoyed a major increase of 15.2%, closing at $154.78. Moreover, this advance was accompanied by exceptionally high trading volume at 335% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 13.0% 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 A (Highest Rating). The Value Trend Rating reflects complementary signals from PTR’s two proprietary measures of a stock’s attractiveness. Entergy corporation has a slightly positive Appreciation Score of 61 and a very high Power Rating of 87, leading to the Highest Value Trend Rating.
Rating Review
In light of this new information and very positive price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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