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 30 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 two of the last four quarters, resulting in a positive average surprise of 6.42%.
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 surpassed earnings estimate. Our consensus called for fourth-quarter EPS of 30 cents, and the company reported adjusted earnings of 33 cents per share.
Revenues: Revenues of $2,638 million also comfortably surpassed the Zacks Consensus Estimate of $2,150.6 million.
Key Developments to Note
CenterPoint Energy issued its 2018 outlook. The company currently expects to generate EPS in the range of $1.50 – $1.60.
Check back later for our full write up on this CenterPoint earnings report later!
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