Earnings Analysis for ETR (Last 3 Years)
Revenue Analysis:
Total Revenue: The total revenue has shown fluctuations over the periods, with the highest of $3,595,522,000 in Q3 2023 and the lowest of $2,724,805,000 in Q4 2023. This indicates a volatile market condition.
Operating Revenue: Similarly, operating revenue was highest in Q3 2023 at $3,595,522,000 and lowest in Q4 2023 at $2,602,337,000, aligning closely with the total revenue trends.
Gross Profit: Gross profit peaked in Q3 2023 at $1,787,835,000, with the lowest at $1,004,879,000 in Q4 2023. Gross profit margins have hence seen significant variation.
Cost Management:
Cost of Revenue: The cost of revenue was highest in Q3 2023 at $1,807,687,000 and lowest in Q4 2023 at $1,719,926,000. This suggests a correlation with revenue levels.
Operating Expense: Operating expenses were highest in Q1 2024 at $854,818,000 and showed some variation, affecting overall profitability.
Total Expenses: Total expenses followed a similar trend with highest in Q1 2023 at $2,518,950,000 and decreasing subsequently, reflecting changes in cost management strategies.
Profitability Analysis:
EBITDA: EBITDA was significantly high at $1,703,849,000 in Q3 2023 but dropped to $965,142,000 by Q1 2024, indicating potential operational challenges.
Operating Income: Highest operating income was noticed in Q3 2023 at $1,181,461,000, with a decline noted towards Q1 2024.
Pretax Income: Exhibited highs and lows, peaking in Q3 2023 at $896,711,000 and a sharp fall to $97,530,000 by Q1 2024.
Net Income: Corresponding to pretax income, net income was highest at $988,284,000 in Q4 2023, then decreased markedly to $76,536,000 by Q1 2024.
Cash Flow Indicators:
Reconciled Depreciation: The reconciled depreciation fluctuated, with the highest at $600,412,000 in Q1 2024 indicating capital asset changes.
Interest Expense: Interest expense was consistent with a slight increase over the periods, indicating stable debt levels.
Taxation:
Tax Rate for Calculations: Tax rates varied marginally from 0.21 to 0.255872 suggesting fiscal policy changes or different income levels affecting rates.
Tax Provision: The tax provision showed an anomaly with a negative value (-$973,353,000) in Q4 2023, signaling possible adjustments or credits.
Tax Effect Of Unusual Items: Tax effects from unusual items were mostly negative, affecting the net tax outcome.
Shareholder Metrics:
Diluted and Basic EPS: There was significant fluctuation in EPS values, peaking in Q4 2023 at $4.64 (Diluted) and lowest at $0.35 in Q1 2024, reflecting the volatility in net income.
Average Shares: Minor changes in the number of shares suggest stable shareholding during this period.
Net Income Available to Common Stockholders: Varied from $752,810,000 in Q1 2024 to $987,602,000 in Q4 2023, indicating profitability concerns.
Conclusion:
ETR’s financial analysis over the last three years shows considerable variability in revenue and profits. Strategic challenges in cost management and operational efficiency, particularly in controlling operating expenses and optimizing gross profit margins, are evident. The company should focus on enhancing operational efficiencies, managing costs more effectively, and maintaining a stable tax strategy to ensure better predictability in financial performance.
Appendices:
Supporting data tables and detailed calculations are vital for a deep dive analysis and are assumed to be provided separately or referenced from financial reporting systems.