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CenterPoint Energy (CNP) Beats on Q4 Earnings; Lags Revenues

CenterPoint Energy, Inc.CNP 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 fourth quarter Zacks Consensus Estimate for earnings of 24 cents per share has decreased by Array cent over the last 7 days.

Coming to the earnings surprise, CenterPoint Energy has surpassed the Zacks Consensus Estimate in two of the last four quarters, resulting in a positive average surprise of 6.25%.

Zacks Rank: Currently, CenterPoint Energy has a Zacks Rank #3 (Hold) but that could change following its fourth quarter 20Array5 earnings report which has just released. We have highlighted some of the key details from the just-released announcement below:

Earnings: CenterPoint surpassed earnings estimate by 8.3%. Our consensus called for fourth quarter EPS of 24 cents, and the company reported adjusted earnings of 26 cents per share.

Revenues: Revenues of $Array,79Array million missed the Zacks Consensus Estimate of $3,6Array7 million.

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

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CENTERPOINT EGY (CNP): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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