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What's in Store for CenterPoint Energy (CNP) Q4 Earnings?
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CenterPoint Energy (CNP - Free Report) is scheduled to release fourth-quarter and full-year 2019 results on Feb 27, before the opening bell.
In the last reported quarter, the company witnessed a positive earnings surprise of 23.26%. Moreover, it surpassed the Zacks Consensus Estimate on two occasions for as many misses, the average positive beat being 7.04%.
Let’s discuss the factors that are likely to get reflected in the upcoming quarterly results.
Factors at Play
During most part of the fourth quarter, CenterPoint Energy’s operational territories experienced below-normal temperatures. This is likely to have escalated household expenditure on heating, in turn, positively impacting the company’s fourth-quarter revenues.
The Zacks Consensus Estimate for quarterly revenues is pegged at $3,897 million, suggesting a jump of 28.3% from the year-ago quarter’s reported figure.
CenterPoint Energy's quarterly earnings are anticipated to have benefited from lower federal income-tax rate, along with utility rate relief and customer growth. Furthermore, the utility’s prudent efforts to manage operations and management (O&M) expenses are likely to have bolstered its bottom line for the soon-to-be-reported quarter. Considering such trends, we remain optimistic about the company’s bottom-line performance in the fourth quarter.
Notably, the Zacks Consensus Estimate for fourth-quarter earnings is pegged at 37 cents, calling for a 2.8% increase from the year-ago quarter’s reported number.
Our proven model predicts an earnings beat for CenterPoint Energy this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat.
Earnings ESP: The company’s Earnings ESP is +3.40%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Here are a few other players from the Utilities sector that have the right combination of elements to post an earnings beat in the to-be-reported quarter.
Public Service Enterprise Group Incorporated (PEG - Free Report) has an Earnings ESP of +1.21% and carries a Zacks Rank of 3, currently. The company will announce fourth-quarter 2019 results on Feb 26.
The AES Corp (AES - Free Report) has an Earnings ESP of +3.03 and carries a Zacks Rank #3, at present. The company will release quarterly figures on Feb 28.
A Recent Utility Release
CMS Energy (CMS - Free Report) reported fourth-quarter 2019 adjusted earnings per share (EPS) of 68 cents, significantly up 70% from the year-ago quarter reported figure of 40 cents. The bottom line, however, missed the Zacks Consensus Estimate of 69 cents.
Zacks Top 10 Stocks for 2020
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2020?
Last year's 2019 Zacks Top 10 Stocks portfolio returned gains as high as +102.7%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.
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What's in Store for CenterPoint Energy (CNP) Q4 Earnings?
CenterPoint Energy (CNP - Free Report) is scheduled to release fourth-quarter and full-year 2019 results on Feb 27, before the opening bell.
In the last reported quarter, the company witnessed a positive earnings surprise of 23.26%. Moreover, it surpassed the Zacks Consensus Estimate on two occasions for as many misses, the average positive beat being 7.04%.
Let’s discuss the factors that are likely to get reflected in the upcoming quarterly results.
Factors at Play
During most part of the fourth quarter, CenterPoint Energy’s operational territories experienced below-normal temperatures. This is likely to have escalated household expenditure on heating, in turn, positively impacting the company’s fourth-quarter revenues.
The Zacks Consensus Estimate for quarterly revenues is pegged at $3,897 million, suggesting a jump of 28.3% from the year-ago quarter’s reported figure.
CenterPoint Energy's quarterly earnings are anticipated to have benefited from lower federal income-tax rate, along with utility rate relief and customer growth. Furthermore, the utility’s prudent efforts to manage operations and management (O&M) expenses are likely to have bolstered its bottom line for the soon-to-be-reported quarter. Considering such trends, we remain optimistic about the company’s bottom-line performance in the fourth quarter.
Notably, the Zacks Consensus Estimate for fourth-quarter earnings is pegged at 37 cents, calling for a 2.8% increase from the year-ago quarter’s reported number.
CenterPoint Energy, Inc. Price and EPS Surprise
CenterPoint Energy, Inc. price-eps-surprise | CenterPoint Energy, Inc. Quote
Earnings Whispers
Our proven model predicts an earnings beat for CenterPoint Energy this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat.
Earnings ESP: The company’s Earnings ESP is +3.40%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: CenterPoint Energy currently carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Other Stocks to Consider
Here are a few other players from the Utilities sector that have the right combination of elements to post an earnings beat in the to-be-reported quarter.
Public Service Enterprise Group Incorporated (PEG - Free Report) has an Earnings ESP of +1.21% and carries a Zacks Rank of 3, currently. The company will announce fourth-quarter 2019 results on Feb 26.
The AES Corp (AES - Free Report) has an Earnings ESP of +3.03 and carries a Zacks Rank #3, at present. The company will release quarterly figures on Feb 28.
A Recent Utility Release
CMS Energy (CMS - Free Report) reported fourth-quarter 2019 adjusted earnings per share (EPS) of 68 cents, significantly up 70% from the year-ago quarter reported figure of 40 cents. The bottom line, however, missed the Zacks Consensus Estimate of 69 cents.
Zacks Top 10 Stocks for 2020
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2020?
Last year's 2019 Zacks Top 10 Stocks portfolio returned gains as high as +102.7%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.
Access Zacks Top 10 Stocks for 2020 today >>