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.
Currently, CenterPoint has a Zacks Rank #4 (Sell), but that could definitely change following its earnings report which was just released. Investors should also take into account the recent earnings estimate revisions for CenterPoint. The Zacks Consensus Estimate has remained stable over the last 7 days.
CenterPoint reported its fourth-quarter 2014 results today. We have mentioned below some of the vital information from this just-revealed announcement:
Earnings: CenterPoint beats on earnings. Our consensus called for fourth quarter EPS of 26 cents, and the company reported adjusted earnings of 34 cents per share.
Revenues: The company also beats on revenues. CenterPoint posted revenues of $2,372 million in fourth quarter, compared to our consensus estimate of $1,677 million.
Key Stats to Note: The company expects earnings for its utility operations to be in the range of $0.71 to $0.75 per share for 2015.
Check back later for our full write up on this CenterPoint earnings report later!
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