Raytheon awarded $71 million in Navy contracts for missile systems
Investing.com - Mizuho (NYSE:MFG) raised its price target on Entergy Corp (NYSE:ETR) to $97.00 from $95.00 on Thursday, while maintaining an Outperform rating on the utility company’s stock. The $38.66 billion market cap utility provider has demonstrated strong momentum, with shares up 19.49% year-to-date and trading near their 52-week high. According to InvestingPro analysis, the company maintains a "GOOD" financial health score.
The price target increase follows Entergy’s second-quarter earnings report, which showed earnings of $1.05 per share, exceeding consensus expectations of $0.91 per share.
Entergy announced it has secured a new customer for its Arkansas operations that will drive an increase in capital expenditures and load growth for the state, prompting the company to raise its 2025-28 cumulative capital plan by $3 billion to $40 billion.
The utility company also raised its adjusted earnings per share guidance for 2027 by $0.05 to $4.70-$5.00 and for 2028 by $0.10 to $5.20-$5.50, while increasing its 2025-28 industrial sales compound annual growth rate to approximately 13% from the previous 12%-13%.
Despite the increase in capital expenditures, Entergy did not increase its equity capital needs, citing higher operating cash flows.
In other recent news, Entergy Corporation reported its second-quarter earnings for 2025, delivering a notable performance in terms of earnings per share (EPS). The company achieved an adjusted EPS of $1.05, exceeding the forecasted $0.97 and marking an 8.09% surprise. Despite this positive earnings result, Entergy’s revenue fell short of expectations, totaling $3.02 billion compared to the anticipated $3.24 billion, a 6.79% miss. In response to the earnings report, BMO Capital adjusted its price target for Entergy’s stock, raising it to $96 from $95, while maintaining an Outperform rating. This adjustment came after Entergy’s EPS exceeded both BMO’s estimate of $0.92 and the consensus estimate of $0.91. These developments reflect the company’s ability to surpass earnings expectations, although revenue challenges remain.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.