Analyst Consensus ?
ConsensusBuy30 ratings
Bullish1963.3%
Neutral1136.7%
Bearish00.0%
Entergy Corporation · ETR · FY2024 Q4 · Calendar Q1 2025
Entergy: Data-Center Demand Supports a Larger Capital Plan
The call provides evidence for a constructive multi-year demand thesis: industrial activity and hyperscale data centers are expanding the opportunity set, while management has increased its capital plan and long-term growth outlook. The counterargument is that the outcome depends on regulatory cost recovery, financing discipline, and execution across large generation, transmission, resilience, and nuclear projects.
Reported Before market openNYSEUtilities
$49.59B market cap
80quality score
Earnings scorecard
Reported versus consensus
Reported EPS
—
Consensus $0.65
EPS surprise
—
Reported versus consensus
Reported revenue
—
Consensus —
Revenue surprise
—
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+6.0%
Event window
SPY move
+0.3%
Same window
Abnormal move
+5.7%
Stock minus SPY
Volume
1.5×
Versus trailing sessions
Subsequent drift
-4.5%
Up to 20 sessions
ETRSPY benchmark
Ask FN2 about ETR FY2024 Q4
Transcript, numbers and history already loaded
What drove ETR's +6.0% move after FY2024 Q4 earnings?What changed in ETR's guidance and outlook in FY2024 Q4?Give me the bull and bear case for ETR after FY2024 Q4 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Relative to the prior-quarter analysis, management's plan is now framed around a $37 billion 2025–2028 capital program, new or expanded customer agreements, a 5–10 GW data-center pipeline, and a long-term growth rate above 8% through 2028. The capital plan increased by $2.7 billion, with management indicating only $300 million of incremental equity through 2026.
Guidance delta
Management raised its long-term outlook to more than 8% growth through 2028 and described 2024 EPS as $3.65, in the upper half of guidance.
Key takeaways
- Management described industrial and hyperscale data-center demand as key growth drivers, including Meta and other Gulf South opportunities.
- The 2025–2028 capital plan totals $37 billion and emphasizes renewables, gas generation, resilience, and exploratory nuclear projects.
- Management highlighted improved credit metrics and limited additional equity needs through 2026, while execution and regulatory risks remain.
- The call's evidence supports a constructive demand outlook, but does not by itself resolve financing and project-delivery risks.
Management priorities
- Expand electric service agreements and support hyperscale data-center demand.
- Build renewable and combined-cycle generation while advancing transmission upgrades.
- Evaluate large-scale and SMR nuclear options and continue Gulf South resilience investments.
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Analyst 52W Price Targets
$103.8Current
$93Low
$116.86Average
$140High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 20, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Keybanc | Overweight | Overweight | Maintain | Oct 13, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | Oct 13, 2026 |
| Truist Securities | Buy | Buy | Maintain | Oct 12, 2026 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Sep 18, 2026 |
| Evercore ISI Group | Outperform | Outperform | Maintain | Aug 17, 2026 |
| BMO Capital | Outperform | Outperform | Maintain | Jul 22, 2026 |
| Mizuho | Outperform | Outperform | Maintain | Jun 10, 2026 |
| Barclays | Overweight | Overweight | Maintain | Jun 3, 2026 |
| Citigroup | Neutral | Neutral | Maintain | May 5, 2026 |
| Wells Fargo | Overweight | Overweight | Maintain | Apr 30, 2026 |
| UBS | Buy | Buy | Maintain | Apr 30, 2026 |
| Scotiabank | Sector Outperform | Sector Outperform | Maintain | Apr 30, 2026 |
| Seaport Global | Neutral | Buy | Downgrade | Apr 20, 2026 |
| Jefferies | Buy | Buy | Maintain | Apr 20, 2026 |
| Argus Research | Buy | Buy | Maintain | Apr 6, 2026 |
| B of A Securities | Neutral | Neutral | Maintain | Oct 16, 2025 |
| Guggenheim | Buy | Buy | Maintain | Nov 1, 2024 |
| RBC Capital | Outperform | Outperform | Maintain | Oct 14, 2024 |
| Ladenburg Thalmann | Neutral | Buy | Downgrade | Jun 12, 2024 |
| Credit Suisse | Outperform | Outperform | Maintain | Nov 4, 2022 |
| Vertical Research | Hold | Buy | Downgrade | Jan 10, 2022 |
| Wolfe Research | Outperform | Peer Perform | Upgrade | Nov 16, 2020 |
| Bank of America | Buy | Buy | Maintain | Dec 3, 2019 |
| Macquarie | Outperform | Neutral | Upgrade | Mar 11, 2019 |
| Scotia Howard Weil | Perform | Sector Perform | Maintain | Jul 24, 2018 |
| Goldman Sachs | Buy | Neutral | Upgrade | Jul 20, 2018 |
| Deutsche Bank | Hold | Hold | Maintain | Aug 3, 2016 |
| ISI Group | Neutral | Buy | Downgrade | Nov 11, 2013 |
| Tudor Pickering | Hold | Hold | Maintain | Aug 14, 2013 |
| BGC Financial | Hold | Hold | Maintain | Jun 17, 2013 |
Named analyst price targets
Upside is calculated against the persisted current price $103.8. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| KeyBanc | Analyst unavailable | $118 | $103.99 | +13.7% | Oct 13, 2026 |
| Truist Financial | Richard Sunderland | $119 | $102.8 | +14.6% | Oct 12, 2026 |
| Morgan Stanley | David Arcaro | $105 | $107.02 | +1.2% | Aug 21, 2026 |
| Evercore ISI | Analyst unavailable | $128 | $107.84 | +23.3% | Aug 17, 2026 |
| Truist Financial | Richard Sunderland | $122 | $107.16 | +17.5% | Aug 13, 2026 |
| Morgan Stanley | Analyst unavailable | $109 | $114.6 | +5.0% | Jul 22, 2026 |
| BMO Capital | Analyst unavailable | $123 | $111.46 | +18.5% | Jun 10, 2026 |
| Evercore ISI | Analyst unavailable | $123 | $110.59 | +18.5% | Jun 10, 2026 |
| Mizuho Securities | Anthony Crowdell | $122 | $109.66 | +17.5% | Jun 10, 2026 |
| Evercore ISI | Analyst unavailable | $121 | $109.66 | +16.6% | Jun 10, 2026 |
| BTIG | Alex Kania | $126 | $109.66 | +21.4% | Jun 10, 2026 |
| Truist Financial | Analyst unavailable | $127 | $109.36 | +22.4% | May 29, 2026 |
| Morgan Stanley | Analyst unavailable | $94 | $112.12 | -9.4% | May 21, 2026 |
| Evercore ISI | Analyst unavailable | $115 | $117 | +10.8% | May 4, 2026 |
| Scotiabank | Analyst unavailable | $129 | $115.57 | +24.3% | Apr 30, 2026 |
| UBS | Analyst unavailable | $135 | $114.67 | +30.1% | Apr 30, 2026 |
| Wells Fargo | Analyst unavailable | $123 | $113.66 | +18.5% | Apr 21, 2026 |
| Truist Financial | Analyst unavailable | $130 | $113.66 | +25.2% | Apr 20, 2026 |
| Jefferies | Paul Zimbardo | $131 | $115.06 | +26.2% | Apr 20, 2026 |
| Barclays | Nicholas Campanella | $119 | $115.52 | +14.6% | Apr 20, 2026 |
| Morgan Stanley | David Arcaro | $98 | $103.69 | -5.6% | Feb 20, 2026 |
| Mizuho Securities | Analyst unavailable | $112 | $101.96 | +7.9% | Feb 13, 2026 |
| BMO Capital | Analyst unavailable | $112 | $101.96 | +7.9% | Feb 13, 2026 |
| RBC Capital | Stephen D'Ambrisi | $112 | $92.53 | +7.9% | Jan 23, 2026 |
| Barclays | Analyst unavailable | $96 | $95.17 | -7.5% | Jan 15, 2026 |
| Argus Research | Analyst unavailable | $100 | $93.2 | -3.7% | Jan 6, 2026 |
| UBS | Analyst unavailable | $105 | $92.81 | +1.2% | Dec 17, 2025 |
| KeyBanc | Analyst unavailable | $102 | $93.3 | -1.7% | Dec 12, 2025 |
| Morgan Stanley | Analyst unavailable | $91 | $93.96 | -12.3% | Nov 20, 2025 |
| RBC Capital | Stephen D'Ambrisi | $115 | $97.36 | +10.8% | Oct 27, 2025 |
| Wells Fargo | Analyst unavailable | $105 | $97.36 | +1.2% | Oct 27, 2025 |
| Mizuho Securities | Anthony Crowdell | $104 | $96.42 | +0.2% | Oct 27, 2025 |
| Morgan Stanley | Analyst unavailable | $93 | $96.12 | -10.4% | Oct 22, 2025 |
| BTIG | Analyst unavailable | $111 | $95.66 | +6.9% | Oct 21, 2025 |
| KeyBanc | Sophie Karp | $106 | $96.66 | +2.1% | Oct 15, 2025 |
| BMO Capital | Analyst unavailable | $104 | $95.72 | +0.2% | Oct 14, 2025 |
| Evercore ISI | Nicholas Amicucci | $98 | $97.48 | -5.6% | Oct 6, 2025 |
| Barclays | Analyst unavailable | $98 | $97.48 | -5.6% | Oct 6, 2025 |
| Barclays | Analyst unavailable | $100 | $95.39 | -3.7% | Oct 6, 2025 |
| Scotiabank | Andrew Weisel | $105 | $93.57 | +1.2% | Oct 3, 2025 |
| Morgan Stanley | David Arcaro | $86 | $89.22 | -17.1% | Aug 21, 2025 |
| Mizuho Securities | Analyst unavailable | $97 | $89.29 | -6.6% | Jul 31, 2025 |
| KeyBanc | Analyst unavailable | $96 | $89.29 | -7.5% | Jul 31, 2025 |
| BMO Capital | James Thalacker | $93 | $83.17 | -10.4% | Apr 30, 2025 |
| KeyBanc | Sophie Karp | $143 | $133.97 | +37.8% | Oct 22, 2024 |
| BMO Capital | James Thalacker | $140 | $131.9 | +34.9% | Oct 15, 2024 |
| RBC Capital | Shelby Tucker | $140 | $130.64 | +34.9% | Oct 14, 2024 |
| KeyBanc | Sophie Karp | $140 | $131.13 | +34.9% | Sep 30, 2024 |
| Barclays | Nicholas Campanella | $138 | $128.14 | +32.9% | Sep 17, 2024 |
| BMO Capital | James Thalacker | $131 | $120.8 | +26.2% | Aug 5, 2024 |
| Barclays | Nicholas Campanella | $115 | $110.48 | +10.8% | Jul 22, 2024 |
| BMO Capital | James Thalacker | $117 | $104.93 | +12.7% | Jul 8, 2024 |
| BMO Capital | James Thalacker | $120 | $110.88 | +15.6% | Jun 6, 2024 |
| Wells Fargo | Neil Kalton | $125 | $111.59 | +20.4% | Jun 5, 2024 |
| Mizuho Securities | Paul Fremont | $114 | $107.78 | +9.8% | May 31, 2024 |
| KeyBanc | Sophie Karp | $123 | $112.67 | +18.5% | May 20, 2024 |
| BMO Capital | James Thalacker | $118 | $106.7 | +13.7% | Apr 25, 2024 |
| Wells Fargo | Neil Kalton | $122 | $106.46 | +17.5% | Apr 25, 2024 |
| KeyBanc | Sophie Karp | $112 | $103.75 | +7.9% | Apr 19, 2024 |
| Morgan Stanley | Analyst unavailable | $103 | $109.68 | -0.8% | Nov 11, 2022 |
| Morgan Stanley | Analyst unavailable | $106 | $107.64 | +2.1% | Jul 21, 2022 |
| Mizuho Securities | Analyst unavailable | $123 | $112.1 | +18.5% | Jun 29, 2022 |
| Morgan Stanley | Analyst unavailable | $111 | $117.44 | +6.9% | May 23, 2022 |
| Credit Suisse | Analyst unavailable | $136 | $122.24 | +31.0% | Apr 26, 2022 |
| Morgan Stanley | Analyst unavailable | $115 | $126.1 | +10.8% | Apr 20, 2022 |
| Citigroup | Ryan Levine | $110 | $103.55 | +6.0% | Aug 5, 2021 |
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Start freeCompany context
Snapshot as of publicationEntergy Corporation, headquartered in New Orleans, Louisiana, is a prominent American energy company primarily involved in generating and distributing electricity across the United States. Its operations are divided into two main divisions: Utility and Entergy Wholesale Commodities. The Utility division manages the end-to-end process of generating, transmitting, distributing, and selling electricity. This service covers specific regions of Arkansas, Louisiana, Mississippi, and Texas, including the metropolitan area of New Orleans, providing electricity to 3 million utility customers in these states. Additionally, this segment handles natural gas distribution.…
Historical context
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2025-02-04T00:03:19.509714+00:00
- Polygon adjusted daily market bars · 2026-10-20T04:50:44.164341+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-20T04:50:44.161581+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-20. For educational purposes only; not investment advice.