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CenterPoint Energy (CNP) Q1 Beats Earnings & Sales Estimates
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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 first quarter Zacks Consensus Estimate for earnings of 36 cents per share has remained stable over the last 60 days.
Coming to the earnings surprise, CenterPoint Energy has surpassed the Zacks Consensus Estimate in two of the last four quarters, resulting in a positive average surprise of 0.40%.
Zacks Rank: Currently, CenterPoint Energy has a Zacks Rank #2 (Buy). However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change.You can see the complete list of today’s Zacks #1 Rank stocks here.
We have highlighted some of the key details from the just-released announcement below.
Earnings: CenterPoint surpassed earnings estimate. Our consensus called for first quarter EPS of 36 cents, and the company reported earnings of 44 cents per share.
Revenues: Revenues of $2,735 million surpassed the Zacks Consensus Estimate of $2,321 million.
Key Developments to Note
CenterPoint reaffirmed its 2017 EPS guidance in the range of $1.25 - $1.33 as decoupling and weather normalization adjustments neutralized the impact of extremely warm winter.
Check back later for our full write up on this CenterPoint earnings report later!
Zacks' 2017 IPO Watch List
Before looking into the stocks mentioned above, you may want to get a head start on potential tech IPOs that are popping up on Zacks' radar. Imagine being in the first wave of investors to jump on a company with almost unlimited growth potential? This Special Report gives you the current scoop on 5 that may go public at any time.
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CenterPoint Energy (CNP) Q1 Beats Earnings & Sales Estimates
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 first quarter Zacks Consensus Estimate for earnings of 36 cents per share has remained stable over the last 60 days.
Coming to the earnings surprise, CenterPoint Energy has surpassed the Zacks Consensus Estimate in two of the last four quarters, resulting in a positive average surprise of 0.40%.
Zacks Rank: Currently, CenterPoint Energy has a Zacks Rank #2 (Buy). However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change.You can see the complete list of today’s Zacks #1 Rank stocks here.
We have highlighted some of the key details from the just-released announcement below.
Earnings: CenterPoint surpassed earnings estimate. Our consensus called for first quarter EPS of 36 cents, and the company reported earnings of 44 cents per share.
CenterPoint Energy, Inc. Price and EPS Surprise
CenterPoint Energy, Inc. Price and EPS Surprise | CenterPoint Energy, Inc. Quote
Revenues: Revenues of $2,735 million surpassed the Zacks Consensus Estimate of $2,321 million.
Key Developments to Note
CenterPoint reaffirmed its 2017 EPS guidance in the range of $1.25 - $1.33 as decoupling and weather normalization adjustments neutralized the impact of extremely warm winter.
Check back later for our full write up on this CenterPoint earnings report later!
Zacks' 2017 IPO Watch List
Before looking into the stocks mentioned above, you may want to get a head start on potential tech IPOs that are popping up on Zacks' radar. Imagine being in the first wave of investors to jump on a company with almost unlimited growth potential? This Special Report gives you the current scoop on 5 that may go public at any time.
One has driven from 0 to a $68 billion valuation in 8 years. Four others are a little less obvious but already show jaw-dropping growth. Download this IPO Watch List today for free >>