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Investing.com - BMO Capital raised its price target on Entergy Corp (NYSE:ETR) to $96.00 from $95.00 on Thursday, while maintaining an Outperform rating on the utility company’s stock. The $38.5 billion utility company is trading near its 52-week high of $91.46, having delivered an impressive 59% return over the past year. According to InvestingPro analysis, the stock appears overvalued at current levels.
The price target adjustment follows Entergy’s quarterly earnings report, which showed earnings per share of $1.05, exceeding both BMO’s estimate of $0.92 and the consensus estimate of $0.91.
BMO Capital noted this marks the third time in four quarters that Entergy’s quarterly results were overshadowed by positive developments in the company’s forward outlook, as the utility raised its capital plan and future outlook ranges.
The capital plan increased by $3 billion, representing an 8% boost, while the company’s 2027 and 2028 outlook ranges increased by approximately 1.0% and 2.0%, respectively.
BMO maintained its 2025-2026 estimates for Entergy but revised its 2027-2029 estimates upward to $4.90, $5.40, and $5.90, respectively, from previous estimates of $4.85, $5.30, and $5.80.
In other recent news, Entergy Corporation reported its second-quarter earnings for 2025, which exceeded analysts’ expectations. The company achieved an adjusted earnings per share (EPS) of $1.05, surpassing the anticipated $0.97, resulting in an 8.09% surprise. Despite this, Entergy’s revenue fell short of projections, totaling $3.02 billion compared to the expected $3.24 billion, marking a 6.79% miss. This mixed performance highlights the company’s ability to manage earnings effectively, even as revenue targets were not met. Analysts and investors may view this earnings beat positively, as reflected in the subsequent rise in Entergy’s stock in pre-market trading. However, the revenue miss could prompt further analysis of the company’s strategies moving forward.
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