Guggenheim analyst Shahriar Pourreza maintains $Entergy (ETR.US)$ with a buy rating, and adjusts the target price from $118 to $165.
According to TipRanks data, the analyst has a success rate of 70.5% and a total average return of 9.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Entergy (ETR.US)$'s main analysts recently are as follows:
Entergy's recent report of a Q3 EPS beat, alongside the adjustment of the lower end of the 2024 EPS guidance, and the provision of fundamental updates that lead to an early outlook for the 2026-2028 EPS target increasing to 8%-9%, demonstrates sustained fundamental strength. The company's top quartile EPS growth and conservative plan transition the Entergy investment narrative into one that may be considered a premium story.
Entergy delivered a substantial financial update. It has been noted that Entergy's notable industrial sales growth profile is distinctive and has not been fully recognized. A significant update alongside Q3 results was not expected. Entergy has escalated its 5-year capital expenditure plans by 20% and the earnings per share guidance ranges for 2026-2028 by 4%-9%, predominantly due to increased projected investments in transmission and generation.
Entergy has reaffirmed its 2024 guidance and anticipates a 6%-8% EPS growth rate extending into 2025. The company's long-term EPS compound annual growth rate is now projected to be between 8%-9%. This adjustment is supported by a significant uptick in the industrial sales forecast and an expanded capital plan, which is influenced by the arrival of a significant data center client and increased demand within the region. These developments support the ongoing positive outlook on Entergy's growth prospects, particularly given the substantial growth potential in its service areas.
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