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CenterPoint Energy (CNP) Misses Q2 Earnings & Revenues
CenterPoint Energy, Inc. (CNP - Free Report) is a Houston, TX-based energy delivery company that provides electric transmission & distribution, natural gas distribution and competitive natural gas sales and services operations. The company serves over 5 million metered customers primarily in Arkansas, Louisiana, Minnesota, Mississippi, Oklahoma and Texas.
Estimate Trend & Surprise History
Investors should note that the second quarter Zacks Consensus Estimate for earnings of 20 cents per share has remained stable over the last 90 days.
Coming to the earnings surprise, CenterPoint Energy has surpassed the Zacks Consensus Estimate in three of the last four quarters, resulting in a positive average surprise of 6.95%.
CENTERPOINT EGY Price and EPS Surprise
CENTERPOINT EGY Price and EPS Surprise | CENTERPOINT EGY Quote
Zacks Rank: Currently, CenterPoint Energy has a Zacks Rank #3 (Hold). However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. We have highlighted some of the key details from the just-released announcement below.
Earnings: CenterPoint lagged earnings estimate. Our consensus called for second quarter EPS of 20 cents, and the company reported earnings of 17 cents per share.
Revenues: Revenues of $1,574 million missed the Zacks Consensus Estimate of $1,588 million by 0.9%.
Check back later for our full write up on this CenterPoint earnings report later!
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