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CenterPoint Energy (CNP) Misses Q2 Earnings, Revenues Top

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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

CenterPoint Energy, Inc. Price and EPS Surprise | CenterPoint Energy, Inc. Quote

2018 Guidance

The company currently expects to generate EPS in the higher end of its previously guided range of $1.50 - $1.60.

Check back later for our full write up on this CenterPoint earnings report later!

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