Yahoo Finance Why Entergy (ETR) is a Top Value Stock for the Long-Term
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.
Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.
Why Investors Should Pay Attention to This Value Stock
Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, and Price/Cash Flow, the Value Style Score identifies the most attractive and most discounted stocks.
Entergy (ETR)
New Orleans, LA based Entergy Corporation, incorporated in 1913, is primarily engaged in electric power production and retail distribution of power. The company has 30,000 megawatt (MW) of generating capacity, including more than 8,000 MW of nuclear fuel capacity. Entergy's regulated generation fleet includes plants that are fully or partially owned by Entergy's utility companies: Entergy Arkansas, LLC; Entergy Louisiana, LLC; Entergy Mississippi, LLC; Entergy New Orleans, LLC; and Entergy Texas, Inc. It distributes electricity to more than 2.9 million customers in Arkansas, Louisiana, Mississippi and Texas. Entergy Corporation's generation mix consists of 67% gas/oil or hydro, 23% nuclear power and 10% coal.
ETR is a Zacks Rank #3 (Hold) stock, with a Value Style Score of B and VGM Score of B. Shares are currently trading at a forward P/E of 15.1X for the current fiscal year compared to the Utility - Electric Power industry's P/E of 16.8X. Additionally, ETR has a PEG Ratio of 5.3 and a Price/Cash Flow ratio of 5.8X. Value investors should also note ETR's Price/Sales ratio of 1.5X.
Many value investors pay close attention to a company's earnings as well. For ETR, two analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.00 to $6.68 per share for 2023. Per share ETR boasts an average earnings surprise of 7.5%.
With strong valuation and earnings metrics, a good Zacks Rank, and top-tier Value and VGM Style Scores, investors should strongly think about adding ETR to their portfolios.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Entergy Corporation (ETR) : Free Stock Analysis Report
