CenterPoint Energy (CNP - Free Report) is set to report second-quarter 2018 results on Aug 3, before the opening bell.
In the last reported quarter, the company delivered a positive earnings surprise of 25%. Also, it surpassed the Zacks Consensus Estimate in three of the past four quarters, the average beat being 17.06%.
Let’s see how things are shaping up prior to this announcement.
Why a Likely Positive Surprise?
Our proven model shows that CenterPoint Energy is likely to beat estimates this quarter. That is because it has the right combination of two key ingredients — a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold).
Earnings ESP: CenterPoint Energy has an Earnings ESP of +0.93%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: The company currently carries a Zacks Rank #2, which along with a positive Earnings ESP indicates a positive surprise prediction.
Please note that we caution against stocks with a Zacks Rank #4 or 5 (Sell-rated) going into earnings announcement.
CenterPoint Energy, Inc. Price and EPS Surprise