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 60 days.
Coming to the earnings surprise, CenterPoint Energy has missed the Zacks Consensus Estimate in two of the last four quarters, resulting in a negative average surprise of 2.94%.
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. 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 second quarter EPS of 20 cents, and the company reported earnings of 29 cents per share.
Revenues: Revenues of $2,143 million surpassed the Zacks Consensus Estimate of $1,790.4 million.
Key Developments to Note
CenterPoint reaffirmed its 2017 EPS guidance in the range of $1.25 - $1.33.
Check back later for our full write up on this CenterPoint earnings report later!
More Stock News: Tech Opportunity Worth $386 Billion in 2017
From driverless cars to artificial intelligence, we've seen an unsurpassed growth of high-tech products in recent months. Yesterday's science-fiction is becoming today's reality. Despite all the innovation, there is a single component no tech company can survive without. Demand for this critical device will reach $387 billion this year alone, and it's likely to grow even faster in the future.
Zacks has released a brand-new Special Report to help you take advantage of this exciting investment opportunity. Most importantly, it reveals 4 stocks with massive profit potential.
See these stocks now>>