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CenterPoint (CNP) Reports Q3 Earnings: What Key Metrics Have to Say
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CenterPoint Energy (CNP - Free Report) reported $1.86 billion in revenue for the quarter ended September 2024, representing a year-over-year decline of 0.2%. EPS of $0.31 for the same period compares to $0.40 a year ago.
The reported revenue represents a surprise of -1.19% over the Zacks Consensus Estimate of $1.88 billion. With the consensus EPS estimate being $0.36, the EPS surprise was -13.89%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how CenterPoint performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenues- Electric Transmission and Distribution: $1.24 billion versus $1.30 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -1.4% change.
Revenues- Natural Gas Distribution: $611 million versus the three-analyst average estimate of $586.60 million. The reported number represents a year-over-year change of +2.4%.
Revenues- Utility: $1.84 billion versus $1.83 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -0.4% change.
Operating Income / (loss)- Natural Gas Distribution: $76 million versus $78.32 million estimated by three analysts on average.
Operating Income / (loss)- Electric Transmission and Distribution: $351 million versus the three-analyst average estimate of $368.96 million.
Shares of CenterPoint have returned +0.7% over the past month versus the Zacks S&P 500 composite's +2% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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CenterPoint (CNP) Reports Q3 Earnings: What Key Metrics Have to Say
CenterPoint Energy (CNP - Free Report) reported $1.86 billion in revenue for the quarter ended September 2024, representing a year-over-year decline of 0.2%. EPS of $0.31 for the same period compares to $0.40 a year ago.
The reported revenue represents a surprise of -1.19% over the Zacks Consensus Estimate of $1.88 billion. With the consensus EPS estimate being $0.36, the EPS surprise was -13.89%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how CenterPoint performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenues- Electric Transmission and Distribution: $1.24 billion versus $1.30 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -1.4% change.
- Revenues- Natural Gas Distribution: $611 million versus the three-analyst average estimate of $586.60 million. The reported number represents a year-over-year change of +2.4%.
- Revenues- Utility: $1.84 billion versus $1.83 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -0.4% change.
- Operating Income / (loss)- Natural Gas Distribution: $76 million versus $78.32 million estimated by three analysts on average.
- Operating Income / (loss)- Electric Transmission and Distribution: $351 million versus the three-analyst average estimate of $368.96 million.
View all Key Company Metrics for CenterPoint here>>>Shares of CenterPoint have returned +0.7% over the past month versus the Zacks S&P 500 composite's +2% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.