We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
CenterPoint Energy (CNP) Q4 Earnings Miss, Reaffirms 2023 View
Read MoreHide Full Article
CenterPoint Energy, Inc. (CNP - Free Report) reported fourth-quarter 2022 adjusted earnings of 28 cents per share, which lagged the Zacks Consensus Estimate of 29 cents by 3.4%.
In the fourth quarter, CenterPoint Energy registered GAAP earnings of 19 cents per share compared with the $1.01 recorded in the prior-year quarter.
For the full-year 2022, CNP reported adjusted earnings of $1.38 per share compared with $1.64 in the previous year’s quarter. Earnings missed the Zacks Consensus Estimate of $1.39 by 0.7%.
Segment Earnings
Midstream reported a loss of $12 million in the reported quarter compared to earnings of $616 million in the prior-year period.
CenterPoint Energy, Inc. Price, Consensus and EPS Surprise
CenterPoint Energy reaffirmed its 2023 earnings guidance. It expects to generate adjusted earnings per share (EPS) in the range of $1.48-$1.50. The Zacks Consensus Estimate for 2023 earnings is pegged at $1.49 per share, which is in line with the midpoint of the company’s guided range.
Consolidated Edison, Inc. (ED - Free Report) reported fourth-quarter 2022 adjusted earnings of 81 cents per share, which beat the Zacks Consensus Estimate of 78 cents by 3.9%. However, the bottom line declined 19% from $1.00 in the prior-year quarter.
In the reported quarter, the company’s total revenues of $4,031 million surpassed the Zacks Consensus Estimate of $3,518 million by 14.6%. The top line also improved 18% from $3,415 million in the year-ago quarter. The upside was attributable to higher electric, gas and steam as well as non-utility revenues.
Hawaiian Electric Industries, Inc. (HE - Free Report) reported an EPS of 52 cents in the fourth quarter of 2022. The bottom line improved 4% from 50 cents in the prior-year quarter.
Hawaiian Electric’s total revenues of $1,019.1 million in the fourth quarter improved 32.3% from the prior-year quarter’s $770.3 million. The rise in revenues can be attributed to increased contributions from the Electric Utility, Bank and other segments.
Ameren Corporation’s (AEE - Free Report) fourth-quarter 2022 earnings of 63 cents per share surpassed the Zacks Consensus Estimate of 56 cents by 12.5%. The reported figure increased 31.3% year over year.
Total revenues came in at $2,046 million in the reported quarter, which improved 32.4% year over year due to higher electric and natural gas revenues. Revenues also beat the Zacks Consensus Estimate of $1,598 million by 28%.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
CenterPoint Energy (CNP) Q4 Earnings Miss, Reaffirms 2023 View
CenterPoint Energy, Inc. (CNP - Free Report) reported fourth-quarter 2022 adjusted earnings of 28 cents per share, which lagged the Zacks Consensus Estimate of 29 cents by 3.4%.
In the fourth quarter, CenterPoint Energy registered GAAP earnings of 19 cents per share compared with the $1.01 recorded in the prior-year quarter.
For the full-year 2022, CNP reported adjusted earnings of $1.38 per share compared with $1.64 in the previous year’s quarter. Earnings missed the Zacks Consensus Estimate of $1.39 by 0.7%.
Segment Earnings
Midstream reported a loss of $12 million in the reported quarter compared to earnings of $616 million in the prior-year period.
CenterPoint Energy, Inc. Price, Consensus and EPS Surprise
CenterPoint Energy, Inc. price-consensus-eps-surprise-chart | CenterPoint Energy, Inc. Quote
2023 Guidance
CenterPoint Energy reaffirmed its 2023 earnings guidance. It expects to generate adjusted earnings per share (EPS) in the range of $1.48-$1.50. The Zacks Consensus Estimate for 2023 earnings is pegged at $1.49 per share, which is in line with the midpoint of the company’s guided range.
Zacks Rank
CenterPoint Energy currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Recent Utility Releases
Consolidated Edison, Inc. (ED - Free Report) reported fourth-quarter 2022 adjusted earnings of 81 cents per share, which beat the Zacks Consensus Estimate of 78 cents by 3.9%. However, the bottom line declined 19% from $1.00 in the prior-year quarter.
In the reported quarter, the company’s total revenues of $4,031 million surpassed the Zacks Consensus Estimate of $3,518 million by 14.6%. The top line also improved 18% from $3,415 million in the year-ago quarter. The upside was attributable to higher electric, gas and steam as well as non-utility revenues.
Hawaiian Electric Industries, Inc. (HE - Free Report) reported an EPS of 52 cents in the fourth quarter of 2022. The bottom line improved 4% from 50 cents in the prior-year quarter.
Hawaiian Electric’s total revenues of $1,019.1 million in the fourth quarter improved 32.3% from the prior-year quarter’s $770.3 million. The rise in revenues can be attributed to increased contributions from the Electric Utility, Bank and other segments.
Ameren Corporation’s (AEE - Free Report) fourth-quarter 2022 earnings of 63 cents per share surpassed the Zacks Consensus Estimate of 56 cents by 12.5%. The reported figure increased 31.3% year over year.
Total revenues came in at $2,046 million in the reported quarter, which improved 32.4% year over year due to higher electric and natural gas revenues. Revenues also beat the Zacks Consensus Estimate of $1,598 million by 28%.