Entergy (ETR)

NYSEUtilitiesRegulated ElectricSnapshot 2026-10-15

$105.11+1.11%

Close 2026-10-16 · 1-day change

Read the published Living FV report summary

Investment OutlookAs of Oct 15, 2026

What could strengthen or challenge Entergy’s outlook?

The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Jul 8, 2026.

Higher potential upsideImproving expectations

Next-FY EPS estimate change · 30 days

-0.0%

+10% or more+5%0%−5%−10% or less

5.11 → 5.11 EPS · FY ending Dec 31, 2027 · 14 analysts

Higher risk of downsideWeakening expectations

One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.

How this is measured

Change in the same fiscal period’s mean EPS estimate from Sep 15, 2026 to Oct 15, 2026: (new ÷ prior − 1). Contributor count changed from 13 to 14; this is not the number of analysts revising. Source: FMP consensus snapshots. The ±10% axis is a display range.

Living FV™

Living Fair Value by QuarterlyIQ

A valuation that evolves as the business changes.

A published Living FV snapshot is not available yet. The valuation workflow remains discoverable; a market target cannot supply the missing evidence.

View Living FV report and workflow

What the Thesis Depends On

Three key conditions need to be met for the investment thesis to play out.

Key Factor	Why It Matters	Current Status	Break Condition	Latest Evidence
Secure electric service agreements with data centers	The company is expanding electric service agreements with data centers, supporting future growth.	Intact	No material new data center agreements secured over next 12 months	Qualitative: 7-12 GW pipeline + $2.1B Google deal ETR secured $2.1B Google deal and outlined 7-12 GW hyperscale pipeline, strongly reinforcing data center growth. Context reviewed through Oct 15, 2026Last status assessment Oct 15, 2026Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management context Stated as a priority in 3 of last 3 quarters. Entergy emphasized securing electric service agreements with data centers including a major hyperscale agreement in 2026-Q1 estimated to save $2 billion for customers. This priority is consistently highlighted and supported by specific contract announcements, indicating delivering progress. Delivery assessment Oct 15, 2026
Affirm 2026 EPS guidance of $4.25 to $4.45	A primary condition in Entergy's published investment case. The stated target is >=4.25 USD per share.	Under Pressure	EPS guidance falls below $4.25 for FY26	Diluted EPS: $1.03 per share FY2026-Q2; GAAP. Published target: >=4.25 USD per share. Target period is not explicitly aligned with this observation. Source published Jul 31, 20261.03 USD/share · source valueSource reportLast status assessment Oct 15, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jun 30, 2026 Source: company_financial_results. Reference: dc8be767-3ae8-4b07-b114-a402f04fafae. Source status: eligible. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.
Execute share buyback agreement for 19,247,788 shares	It plans to return capital through a buyback of over 19 million shares.	Intact	Buyback agreement not executed or materially reduced within 12 months	Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Source date unavailableLast status assessment Oct 15, 2026Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.

Stored thesis · Jul 8, 2026. Latest Evidence uses source-matched measurements where available, alongside the last thesis-monitor assessment. Source periods and assessment dates are shown separately. A new measurement does not automatically change the published status or verify an older target.

Incoming Evidence

Compare these dated observations with the operating requirements above

Expectations trend

Same fiscal period

FY2027 · fiscal year ending 2027-12-31 · fmp

FY2027 EPS$5.11

$5.10 → $5.11 · observed estimates

FY2027 revenue$15.32B

$15.30B → $15.32B · observed estimates

Exact estimates & source dates

One fiscal period and provider throughout. At least five contributors are required for each plotted metric; missing coverage stays a gap. Axes show the observed range. Counts measure coverage, not revisions.

FY2027 estimate observations · fmp
Snapshot	EPS	Revenue	EPS / revenue analysts
2026-07-24	$5.10	$15,302,149,983	14 / 13
2026-07-25	$5.08	$15,283,065,290	22 / 16
2026-07-26	$5.10	$15,302,149,983	14 / 13
2026-07-27	$5.08	$15,278,502,790	22 / 16
2026-07-28	$5.08	$15,278,502,790	22 / 16
2026-07-29	$5.08	$15,278,502,790	22 / 16
2026-07-30	$5.10	$15,314,774,983	14 / 12
2026-07-31	$5.10	$15,315,048,952	14 / 12
2026-08-01	$5.10	$15,315,048,952	14 / 12
2026-08-02	$5.10	$15,318,798,950	22 / 16
2026-08-03	$5.10	$15,318,798,950	22 / 16
2026-08-04	$5.10	$15,318,798,950	22 / 16
2026-08-05	$5.10	$15,318,798,950	22 / 16
2026-08-06	$5.10	$15,318,798,950	22 / 16
2026-08-07	$5.10	$15,294,923,952	14 / 12
2026-08-08	$5.10	$15,298,673,950	22 / 16
2026-08-09	$5.10	$15,298,673,950	22 / 16
2026-08-10	$5.10	$15,294,923,952	14 / 12
2026-08-11	$5.10	$15,294,923,952	14 / 12
2026-08-12	$5.10	$15,294,923,952	14 / 12
2026-08-13	$5.10	$15,294,923,952	14 / 12
2026-08-14	$5.10	$15,294,923,952	14 / 12
2026-08-15	$5.10	$15,294,923,952	14 / 12
2026-08-16	$5.10	$15,294,923,952	14 / 12
2026-08-17	$5.10	$15,294,923,952	14 / 12
2026-08-18	$5.10	$15,294,923,952	14 / 12
2026-08-19	$5.10	$15,294,923,952	14 / 12
2026-08-20	$5.10	$15,321,592,480	14 / 12
2026-08-21	$5.10	$15,321,592,480	14 / 12
2026-08-22	$5.10	$15,321,592,480	14 / 12
2026-08-23	$5.10	$15,321,473,091	14 / 12
2026-08-24	$5.10	$15,321,473,091	14 / 12
2026-08-25	$5.10	$15,321,473,091	14 / 12
2026-08-26	$5.10	$15,321,473,091	14 / 12
2026-08-27	$5.10	$15,321,473,091	14 / 12
2026-08-28	$5.10	$15,321,473,091	14 / 12
2026-08-29	$5.10	$15,321,473,091	14 / 12
2026-08-30	$5.10	$15,321,473,091	14 / 12
2026-08-31	$5.10	$15,321,473,091	14 / 12
2026-09-01	$5.10	$15,321,473,091	14 / 12
2026-09-02	$5.10	$15,321,473,091	14 / 12
2026-09-03	$5.10	$15,329,739,757	14 / 12
2026-09-04	$5.10	$15,329,739,757	14 / 12
2026-09-05	$5.10	$15,329,739,757	14 / 12
2026-09-06	$5.10	$15,329,739,757	14 / 12
2026-09-07	$5.10	$15,329,739,757	14 / 12
2026-09-08	$5.10	$15,329,739,757	14 / 12
2026-09-09	$5.10	$15,329,739,757	14 / 12
2026-09-10	$5.11	$15,329,739,757	14 / 12
2026-09-11	$5.11	$15,329,739,757	13 / 12
2026-09-12	$5.11	$15,329,739,757	13 / 12
2026-09-13	$5.11	$15,329,739,757	13 / 12
2026-09-14	$5.11	$15,329,739,757	13 / 12
2026-09-15	$5.11	$15,329,739,757	13 / 12
2026-09-16	$5.11	$15,329,739,757	14 / 12
2026-09-17	$5.11	$15,329,739,757	14 / 12
2026-09-18	$5.11	$15,329,739,757	14 / 12
2026-09-19	$5.11	$15,313,945,744	14 / 12
2026-09-20	$5.11	$15,330,870,440	14 / 12
2026-09-21	$5.11	$15,330,870,440	14 / 12
2026-09-22	$5.11	$15,330,870,440	14 / 12
2026-09-23	$5.11	$15,330,870,440	14 / 12
2026-09-24	$5.11	$15,330,870,440	14 / 12
2026-09-25	$5.11	$15,330,870,440	14 / 12
2026-09-26	$5.11	$15,330,870,440	14 / 12
2026-09-27	$5.11	$15,330,870,440	14 / 12
2026-09-28	$5.11	$15,330,870,440	14 / 12
2026-09-29	$5.11	$15,330,870,440	14 / 12
2026-09-30	$5.11	$15,330,870,440	14 / 12
2026-10-01	$5.11	$15,330,870,440	14 / 12
2026-10-02	$5.11	$15,330,870,440	14 / 12
2026-10-03	$5.11	$15,330,870,440	14 / 12
2026-10-04	$5.11	$15,330,870,440	14 / 12
2026-10-05	$5.11	$15,330,870,440	14 / 12
2026-10-06	$5.11	$15,330,870,440	14 / 12
2026-10-07	$5.11	$15,330,870,440	14 / 12
2026-10-08	$5.11	$15,330,870,440	14 / 12
2026-10-09	$5.11	$15,330,870,440	14 / 12
2026-10-10	$5.11	$15,330,870,440	14 / 12
2026-10-11	$5.11	$15,335,156,154	14 / 12
2026-10-12	$5.11	$15,335,156,154	14 / 12
2026-10-13	$5.11	$15,335,156,154	14 / 12
2026-10-14	$5.11	$15,320,301,082	14 / 12
2026-10-15	$5.11	$15,320,301,082	14 / 12

Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.

Compare required revenue and earnings

Analyst view

Monthly observations

Buy / Strong BuyHoldSell / Strong Sell

Exact monthly counts

Monthly rating snapshots · fmp. Missing snapshots are not zero.
Date	Buy*	Hold	Sell*
2026-05-01	18	6	2
2026-06-01	18	6	1
2026-07-01	18	5	1
2026-08-01	18	5	1
2026-09-01	17	5	1
2026-10-01	17	5	1

*Buy includes Strong Buy; Sell includes Strong Sell. Monthly counts describe the analyst mix, not the firms behind each recent action.

Latest: 17 Buy / Strong Buy · 5 Hold · 1 Sell / Strong Sell

0 upgrades0 downgrades4 maintains

Recent actions · Sep 16–Oct 15 · 4 recorded

Price-target changes

30 days

○ Previous · ● Latest · common dollar scale

KeyBancOct 13

$118.00New observation · no comparable prior

Truist FinancialOct 12 · prior Aug 13

$122.00 → $119.00-2.5%

$0$67.10$134.20

0 raises · 1 cuts · 0 unchanged · 1 without a comparable prior

How this is measured

Sep 16, 2026–Oct 15, 2026. Each firm's latest positive target is paired only with its immediately prior positive target from the same provider, at most 180 days earlier. Unmatched observations have one dot; conflicting observations are not compared.

Outlook in Brief

The evidence, the remaining questions, and what comes next

What's improving

No recovery evidence is reported in the available driver assessments.

Still unresolved / key risks

Affirm 2026 EPS guidance of $4.25 to $4.45Published status: Under Pressure
Execute share buyback agreement for 19,247,788 sharesDirect metric needs a verified mapping

Next proof point

Nov 4, 2026

Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.

Review earnings

Bottom line

2 of 3 published conditions remain under pressure or need verification. The next results need to address those conditions.

The dated weekly assessment and its assumptions are available in Read detailed Outlook.

Historical risk context

Observed price history; separate from operating scenarios

Price sensitivity

0.7%Typical daily move · historical

Downside history

-16.5%Maximum drawdown · trailing year

Read detailed Outlook Company context, assumptions & risks

Entergy outlook in detail

The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.

Updated Oct 10, 2026

What kind of bet this is

This investment represents a utility company with a focus on stable earnings and capital allocation. The current thesis state indicates a cautious approach due to mixed execution and recent performance below industry peers.

What's priced into Entergy

The market currently prices ETR at a premium compared to its peers, reflecting a durable premium despite weak execution quality. There is a slight expectations gap, suggesting that investors are not overly optimistic but are still valuing the stock highly.

What the fundamentals likely do

Management has reaffirmed its earnings guidance, which is a positive sign for future performance. However, the company has a history of missing earnings expectations, which introduces some risk to the near-term outlook.

What Entergy hinges on

The long-term thesis hinges on the Federal Reserve's interest rate decisions and the performance of sector peers like NEE, SO, and DUK. Additionally, any cuts to guidance from ETR would negatively impact sentiment and expectations.