Zacks
0
All posts from Zacks
Zacks in Our Research. Your Success.,

CenterPoint Energy (CNP) Beats on Q1 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 first quarter Zacks Consensus Estimate for earnings of 31 cents per share has remained stable over the last 30 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 0.64%.
 
Zacks Rank: Currently, CenterPoint Energy has a Zacks Rank #2 (Buy) but that could change following its first quarter 2016 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 16.1%. Our consensus called for first quarter EPS of 31 cents, and the company reported earnings of 36 cents per share.
 
Revenues: Revenues of $1,984 million missed the Zacks Consensus Estimate of $2,524 million.
 
Check back later for our full write up on this CenterPoint earnings report later!
 
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.   Click to get this free report>>
 


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
CENTERPOINT EGY (CNP): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research