Entergy Net Income vs Income Before Tax Analysis

ETR Stock

USD 106.67 0.50 0.47%

Entergy financial indicator trend analysis is much more than just examining Entergy latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Entergy is a good investment. Please check the relationship between Entergy Net Income and its Income Before Tax accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Entergy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.

To learn how to invest in Entergy Stock, please use our How to Invest in Entergy guide.

Net Income vs Income Before Tax

Net Income vs Income Before Tax Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Entergy Net Income account and Income Before Tax. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Entergy's Net Income and Income Before Tax is 0.82. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Entergy, assuming nothing else is changed. The correlation between historical values of Entergy's Net Income and Income Before Tax is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Entergy are associated (or correlated) with its Income Before Tax. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Before Tax has no effect on the direction of Net Income i.e., Entergy's Net Income and Income Before Tax go up and down completely randomly.

Correlation Coefficient

0.82

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Entergy financial statement analysis. It represents the amount of money remaining after all of Entergy operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Entergy income statement and is an important metric when analyzing Entergy profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.

Most indicators from Entergy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Entergy current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Entergy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.

To learn how to invest in Entergy Stock, please use our How to Invest in Entergy guide.At this time, Entergy's Selling General Administrative is relatively stable compared to the past year. As of 05/01/2024, Enterprise Value is likely to grow to about 44.9 B, though Tax Provision is likely to grow to (656 M).

	2021	2022	2023	2024 (projected)
Gross Profit	4.9B	5.3B	5.3B	5.0B
Total Revenue	11.7B	13.8B	12.1B	9.8B

Gross Profit Total Revenue

Entergy fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Current Deferred Revenue	Common Stock Total Equity	Property Plant And Equipment Gross
Common Stock Shares Outstanding		0.49	0.69	0.22	0.53	0.65	0.62	0.71	0.19	0.44	-0.16	0.51	-0.05	-0.16	0.34	0.36	0.35	0.37	0.62	0.42	-0.13	0.25	0.42	0.34	0.42	0.38
Total Assets	0.49		0.93	0.37	0.88	0.77	0.98	0.92	0.84	0.84	-0.01	1.0	0.5	-0.02	0.92	0.98	0.78	0.1	-0.05	0.99	0.54	0.61	0.91	-0.61	0.83	0.69
Short Long Term Debt Total	0.69	0.93		0.38	0.88	0.83	0.98	1.0	0.64	0.84	-0.2	0.94	0.37	-0.21	0.88	0.86	0.68	0.26	0.28	0.9	0.33	0.66	0.9	-0.33	0.75	0.79
Other Current Liab	0.22	0.37	0.38		0.63	0.55	0.41	0.39	0.47	0.35	-0.3	0.37	0.14	-0.29	0.35	0.24	0.58	-0.26	0.13	0.31	0.27	0.67	0.54	-0.36	0.26	0.49
Total Current Liabilities	0.53	0.88	0.88	0.63		0.71	0.89	0.88	0.69	0.84	-0.15	0.89	0.25	-0.16	0.79	0.8	0.65	0.05	0.09	0.87	0.35	0.81	0.86	-0.5	0.77	0.68
Total Stockholder Equity	0.65	0.77	0.83	0.55	0.71		0.85	0.84	0.69	0.53	-0.33	0.77	0.42	-0.33	0.76	0.63	0.87	0.12	0.39	0.66	0.41	0.63	0.85	-0.24	0.47	0.79
Property Plant And Equipment Net	0.62	0.98	0.98	0.41	0.89	0.85		0.98	0.77	0.82	-0.17	0.98	0.42	-0.17	0.91	0.91	0.77	0.17	0.14	0.94	0.42	0.66	0.93	-0.46	0.79	0.75
Net Debt	0.71	0.92	1.0	0.39	0.88	0.84	0.98		0.63	0.81	-0.27	0.93	0.34	-0.28	0.87	0.84	0.68	0.25	0.3	0.88	0.28	0.67	0.89	-0.31	0.74	0.78
Retained Earnings	0.19	0.84	0.64	0.47	0.69	0.69	0.77	0.63		0.55	0.05	0.82	0.6	0.05	0.74	0.83	0.91	-0.26	-0.39	0.82	0.69	0.44	0.76	-0.8	0.68	0.44
Accounts Payable	0.44	0.84	0.84	0.35	0.84	0.53	0.82	0.81	0.55		0.14	0.84	0.41	0.13	0.74	0.83	0.48	0.33	0.03	0.86	0.46	0.53	0.72	-0.45	0.75	0.68
Cash	-0.16	-0.01	-0.2	-0.3	-0.15	-0.33	-0.17	-0.27	0.05	0.14		-0.04	0.15	1.0	-0.19	0.11	-0.14	0.07	-0.46	0.06	0.47	-0.48	-0.3	-0.09	0.09	-0.34
Non Current Assets Total	0.51	1.0	0.94	0.37	0.89	0.77	0.98	0.93	0.82	0.84	-0.04		0.47	-0.05	0.91	0.97	0.76	0.11	-0.03	0.99	0.49	0.62	0.91	-0.58	0.83	0.68
Non Currrent Assets Other	-0.05	0.5	0.37	0.14	0.25	0.42	0.42	0.34	0.6	0.41	0.15	0.47		0.15	0.51	0.53	0.58	-0.06	-0.25	0.49	0.72	0.13	0.49	-0.57	0.39	0.45
Cash And Short Term Investments	-0.16	-0.02	-0.21	-0.29	-0.16	-0.33	-0.17	-0.28	0.05	0.13	1.0	-0.05	0.15		-0.19	0.1	-0.13	0.05	-0.48	0.06	0.47	-0.49	-0.31	-0.1	0.08	-0.35
Net Receivables	0.34	0.92	0.88	0.35	0.79	0.76	0.91	0.87	0.74	0.74	-0.19	0.91	0.51	-0.19		0.88	0.74	0.03	0.03	0.89	0.55	0.69	0.93	-0.6	0.71	0.8
Non Current Liabilities Total	0.36	0.98	0.86	0.24	0.8	0.63	0.91	0.84	0.83	0.83	0.11	0.97	0.53	0.1	0.88		0.7	0.08	-0.22	0.99	0.57	0.5	0.84	-0.68	0.84	0.58
Inventory	0.35	0.78	0.68	0.58	0.65	0.87	0.77	0.68	0.91	0.48	-0.14	0.76	0.58	-0.13	0.74	0.7		-0.23	-0.08	0.71	0.64	0.5	0.79	-0.59	0.5	0.6
Other Current Assets	0.37	0.1	0.26	-0.26	0.05	0.12	0.17	0.25	-0.26	0.33	0.07	0.11	-0.06	0.05	0.03	0.08	-0.23		0.51	0.09	-0.16	0.01	0.08	0.39	0.07	0.29
Other Stockholder Equity	0.62	-0.05	0.28	0.13	0.09	0.39	0.14	0.3	-0.39	0.03	-0.46	-0.03	-0.25	-0.48	0.03	-0.22	-0.08	0.51		-0.15	-0.39	0.28	0.14	0.7	-0.2	0.45
Total Liab	0.42	0.99	0.9	0.31	0.87	0.66	0.94	0.88	0.82	0.86	0.06	0.99	0.49	0.06	0.89	0.99	0.71	0.09	-0.15		0.53	0.56	0.87	-0.65	0.85	0.62
Total Current Assets	-0.13	0.54	0.33	0.27	0.35	0.41	0.42	0.28	0.69	0.46	0.47	0.49	0.72	0.47	0.55	0.57	0.64	-0.16	-0.39	0.53		0.2	0.47	-0.66	0.42	0.42
Short Term Debt	0.25	0.61	0.66	0.67	0.81	0.63	0.66	0.67	0.44	0.53	-0.48	0.62	0.13	-0.49	0.69	0.5	0.5	0.01	0.28	0.56	0.2		0.81	-0.4	0.4	0.77
Common Stock	0.42	0.91	0.9	0.54	0.86	0.85	0.93	0.89	0.76	0.72	-0.3	0.91	0.49	-0.31	0.93	0.84	0.79	0.08	0.14	0.87	0.47	0.81		-0.58	0.69	0.84
Current Deferred Revenue	0.34	-0.61	-0.33	-0.36	-0.5	-0.24	-0.46	-0.31	-0.8	-0.45	-0.09	-0.58	-0.57	-0.1	-0.6	-0.68	-0.59	0.39	0.7	-0.65	-0.66	-0.4	-0.58		-0.55	-0.28
Common Stock Total Equity	0.42	0.83	0.75	0.26	0.77	0.47	0.79	0.74	0.68	0.75	0.09	0.83	0.39	0.08	0.71	0.84	0.5	0.07	-0.2	0.85	0.42	0.4	0.69	-0.55		0.37
Property Plant And Equipment Gross	0.38	0.69	0.79	0.49	0.68	0.79	0.75	0.78	0.44	0.68	-0.34	0.68	0.45	-0.35	0.8	0.58	0.6	0.29	0.45	0.62	0.42	0.77	0.84	-0.28	0.37

Click cells to compare fundamentals

Entergy Account Relationship Matchups

Entergy fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	197.0M	201.1M	201.9M	205.5M	212.4M	162.2M
Total Assets	51.7B	58.2B	59.5B	58.6B	59.7B	41.0B
Short Long Term Debt Total	19.8B	24.0B	27.1B	26.8B	26.2B	14.4B
Other Current Liab	969.7M	1.1B	944.9M	1.0B	1.1B	1.0B
Total Current Liabilities	5.6B	7.1B	6.2B	6.4B	6.4B	4.0B
Total Stockholder Equity	10.2B	10.9B	11.6B	13.0B	14.7B	9.9B
Property Plant And Equipment Net	36.0B	39.4B	42.7B	42.9B	44.3B	27.3B
Net Debt	19.4B	22.2B	26.6B	26.5B	26.1B	13.5B
Retained Earnings	9.3B	9.9B	10.2B	10.5B	11.9B	7.3B
Accounts Payable	1.5B	2.7B	2.6B	1.8B	1.6B	1.3B
Cash	425.7M	1.8B	442.6M	224.2M	132.5M	125.9M
Non Current Assets Total	48.7B	53.7B	55.8B	54.5B	56.0B	37.1B
Non Currrent Assets Other	5.8B	6.6B	7.1B	7.0B	6.5B	6.7B
Cash And Short Term Investments	425.7M	1.8B	442.6M	224.2M	132.5M	125.9M
Net Receivables	1.2B	1.3B	1.4B	1.5B	1.4B	1.2B
Liabilities And Stockholders Equity	51.7B	58.2B	59.5B	58.6B	59.7B	41.0B
Non Current Liabilities Total	35.8B	40.2B	41.6B	39.2B	38.6B	27.1B
Inventory	970.5M	1.1B	1.2B	1.3B	1.6B	957.4M
Other Current Assets	441.2M	380.0M	614.6M	190.6M	213.0M	347.4M
Other Stockholder Equity	1.4B	1.4B	1.5B	2.4B	2.8B	2.1B
Total Liab	41.5B	47.3B	47.7B	45.5B	45.0B	31.1B
Total Current Assets	3.0B	4.6B	3.6B	4.1B	3.7B	3.9B
Short Term Debt	2.7B	2.8B	2.2B	3.1B	3.2B	3.4B
Current Deferred Revenue	409.2M	401.5M	395.2M	424.7M	446.1M	387.1M
Property Plant And Equipment Gross	36.0B	62.9B	67.5B	68.2B	70.9B	74.4B
Accumulated Other Comprehensive Income	(446.9M)	(449.2M)	(332.5M)	(191.8M)	(162.5M)	(170.6M)
Other Liab	18.3B	18.8B	16.5B	15.1B	17.4B	11.2B
Other Assets	12.3B	15.9B	15.5B	13.9B	16.0B	8.5B
Long Term Debt	17.1B	21.2B	24.8B	23.6B	23.0B	14.4B
Treasury Stock	(5.2B)	(5.1B)	(5.0B)	(5.0B)	(4.5B)	(4.7B)
Property Plant Equipment	35.2B	38.9B	1.9B	2.2B	2.5B	2.4B
Short Term Investments	391.5M	1.6B	270.9M	108.9M	125.2M	118.9M
Net Tangible Assets	10.4B	11.1B	11.3B	13.2B	15.2B	10.8B
Retained Earnings Total Equity	9.3B	9.9B	10.2B	10.5B	12.1B	8.0B
Long Term Debt Total	17.1B	21.2B	24.8B	23.6B	27.2B	18.0B
Capital Surpluse	6.6B	6.5B	6.8B	7.6B	8.8B	6.6B

Pair Trading with Entergy

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Entergy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Entergy will appreciate offsetting losses from the drop in the long position's value.

Moving together with Entergy Stock

0.95	D	Dominion Energy Earnings Call This Week	Pair Corr
0.72	ED	Consolidated Edison Financial Report 2nd of May 2024	Pair Corr
0.87	ES	Eversource Energy Earnings Call Tomorrow	Pair Corr
0.78	FE	FirstEnergy	Pair Corr

Moving against Entergy Stock

0.8	HE	Hawaiian Electric Financial Report 14th of May 2024	Pair Corr
0.59	EBR	Centrais Electricas Earnings Call This Week	Pair Corr
0.47	CMS-PC	CMS Energy	Pair Corr

The ability to find closely correlated positions to Entergy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Entergy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Entergy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Entergy to buy it.

The correlation of Entergy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Entergy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Entergy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Entergy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Entergy is a strong investment it is important to analyze Entergy's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Entergy's future performance. For an informed investment choice regarding Entergy Stock, refer to the following important reports:

How To Invest In Entergy

Details

Is Entergy Stock a good investment?

Details

What is Entergy's Net Worth?

Details

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Largest Utilities - Regulated Electric Companies

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Entergy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.

To learn how to invest in Entergy Stock, please use our How to Invest in Entergy guide.

You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.

Complementary Tools for Entergy Stock analysis

When running Entergy's price analysis, check to measure Entergy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Entergy is operating at the current time. Most of Entergy's value examination focuses on studying past and present price action to predict the probability of Entergy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Entergy's price. Additionally, you may evaluate how the addition of Entergy to your portfolios can decrease your overall portfolio volatility.

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Is Entergy's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Entergy. If investors know Entergy will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Entergy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.76)

Dividend Share

4.4

Earnings Share

9.98

Revenue Per Share

56.415

Quarterly Revenue Growth

(0.06)

The market value of Entergy is measured differently than its book value, which is the value of Entergy that is recorded on the company's balance sheet. Investors also form their own opinion of Entergy's value that differs from its market value or its book value, called intrinsic value, which is Entergy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Entergy's market value can be influenced by many factors that don't directly affect Entergy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Entergy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Entergy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Entergy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Entergy Net Income vs Income Before Tax Analysis

Net Income vs Income Before Tax

Net Income vs Income Before Tax Correlation Analysis

Correlation Coefficient

Net Income

Income Before Tax

Entergy fundamental ratios Correlations

Entergy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Entergy fundamental ratios Accounts

Pair Trading with Entergy

Moving together with Entergy Stock

Moving against Entergy Stock

Complementary Tools for Entergy Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 0.99	Total Assets
Total Liab	+ 0.99	Non Current Assets Total
Total Liab	+ 0.99	Non Current Liabilities Total

Current Deferred Revenue	- 0.8	Retained Earnings
Current Deferred Revenue	- 0.68	Non Current Liabilities Total
Current Deferred Revenue	- 0.66	Total Current Assets
Current Deferred Revenue	- 0.65	Total Liab
Current Deferred Revenue	- 0.61	Total Assets
Current Deferred Revenue	- 0.6	Net Receivables