Entergy Raises FY24 Adj EPS Guidance from $7.05-$7.35 to $7.15-$7.35 vs $7.22 Est
Portfolio Pulse from Benzinga Newsdesk
Entergy has raised its FY24 adjusted EPS guidance to $7.15-$7.35 and announced a two-for-one stock split. The stock split will be effective for shareholders on December 5, 2024, with trading on a split-adjusted basis starting December 13, 2024.
October 31, 2024 | 10:41 am
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Entergy has increased its FY24 adjusted EPS guidance and announced a two-for-one stock split. The EPS guidance is now $7.15-$7.35, and the stock split will be effective for shareholders on December 5, 2024, with trading on a split-adjusted basis starting December 13, 2024.
The increase in EPS guidance suggests improved financial performance, which is positive for the stock price. The stock split may increase liquidity and attract more investors, potentially boosting the stock price in the short term.
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