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Seeking Clues to CenterPoint (CNP) Q1 Earnings? A Peek Into Wall Street Projections for Key Metrics
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Analysts on Wall Street project that CenterPoint Energy (CNP - Free Report) will announce quarterly earnings of $0.60 per share in its forthcoming report, representing an increase of 13.2% year over year. Revenues are projected to reach $3.04 billion, increasing 4.1% from the same quarter last year.
Over the last 30 days, there has been a downward revision of 0.7% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
With that in mind, let's delve into the average projections of some CenterPoint metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts expect 'Revenues- Natural Gas Distribution' to come in at $1.90 billion. The estimate indicates a year-over-year change of +2.3%.
Analysts' assessment points toward 'Revenues- Electric Transmission and Distribution' reaching $1.22 billion. The estimate indicates a year-over-year change of +14.5%.
The consensus among analysts is that 'Operating Income / (loss)- Natural Gas Distribution' will reach $473.24 million. Compared to the current estimate, the company reported $433.00 million in the same quarter of the previous year.
Analysts predict that the 'Operating Income / (loss)- Electric Transmission and Distribution' will reach $277.09 million. The estimate compares to the year-ago value of $220.00 million.
CenterPoint shares have witnessed a change of +2.3% in the past month, in contrast to the Zacks S&P 500 composite's +9.3% move. With a Zacks Rank #2 (Buy), CNP is expected outperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Seeking Clues to CenterPoint (CNP) Q1 Earnings? A Peek Into Wall Street Projections for Key Metrics
Analysts on Wall Street project that CenterPoint Energy (CNP - Free Report) will announce quarterly earnings of $0.60 per share in its forthcoming report, representing an increase of 13.2% year over year. Revenues are projected to reach $3.04 billion, increasing 4.1% from the same quarter last year.
Over the last 30 days, there has been a downward revision of 0.7% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
With that in mind, let's delve into the average projections of some CenterPoint metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts expect 'Revenues- Natural Gas Distribution' to come in at $1.90 billion. The estimate indicates a year-over-year change of +2.3%.
Analysts' assessment points toward 'Revenues- Electric Transmission and Distribution' reaching $1.22 billion. The estimate indicates a year-over-year change of +14.5%.
The consensus among analysts is that 'Operating Income / (loss)- Natural Gas Distribution' will reach $473.24 million. Compared to the current estimate, the company reported $433.00 million in the same quarter of the previous year.
Analysts predict that the 'Operating Income / (loss)- Electric Transmission and Distribution' will reach $277.09 million. The estimate compares to the year-ago value of $220.00 million.
View all Key Company Metrics for CenterPoint here>>>CenterPoint shares have witnessed a change of +2.3% in the past month, in contrast to the Zacks S&P 500 composite's +9.3% move. With a Zacks Rank #2 (Buy), CNP is expected outperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .