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 first quarter Zacks Consensus Estimate for earnings of 32 cents per share has remained stable over the last 7 days.
Coming to the earnings surprise, CenterPoint Energy has surpassed the Zacks Consensus Estimate in three of the last four quarters, resulting in a positive average surprise of 17.06%.
Zacks Rank: Currently, CenterPoint Energy has a Zacks Rank #2 (Buy). 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 (Strong Buy) stocks here.
We have highlighted some of the key details from the just-released announcement below.
Earnings: CenterPoint lagged earnings estimate. Our consensus called for second-quarter EPS of 32 cents, and the company reported adjusted earnings of 30 cents per share.
Revenues: Revenues of $2,186 million surpassed the Zacks Consensus Estimate of $2,159 million.
CenterPoint Energy, Inc. Price and EPS Surprise