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 third quarter Zacks Consensus Estimate for earnings of 41 cents per share has remained stable over the last 60 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 10.34%.
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 missed earnings estimate. Our consensus called for third quarter EPS of 41 cents, and the company reported earnings of 39 cents per share.
Revenues: Revenues of $2,098 million surpassed the Zacks Consensus Estimate of $2,015.4 million.
CenterPoint Energy, Inc. Price and EPS Surprise
CenterPoint Energy, Inc. Price and EPS Surprise | CenterPoint Energy, Inc. Quote
Key Developments to Note
CenterPoint Energy currently expects to generate EPS in 2017, at or near the high end of its prior guidance range of $1.25 – $1.33.
Check back later for our full write up on this CenterPoint earnings report later!
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