In the company's first quarter reported on April 30th, CenterPoint earned $0.55 in adjusted EPS, beating consensus by $0.02. This came despite a 5% decline in revenue to $2.62 billion. Earnings rose 10% from last year, with $0.08 of higher rates and a $0.02 weather benefit offsetting a $0.04 interest expense headwind. While weather was better than last year, it has still been a milder than average winter. Given climate change, that may be a persistent trend. In the first quarter, revenue fell by $159 millio ...

Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The proven Zacks Rank emphasizes companies with positive estimate revision trends, and our Style Scores highlight stocks with specific traits. The Value category of the Style Scores system identifies undervalued companies by looking at a number of key metrics. These include the long-favored P/E ratio, P/S ratio, ea ...

4.08 76 3.98 71 3.89 ୧୧ 3.80 61 3.71 56 3.62 51 3.53 42 3.44 23 19 Price Daily - Consens(2023) current dividend yield is 2.6%. The Zacks Consensus Estimate for CenterPoint Energy's 2024 earnings per On the basis of EV/EBITDA (Enterprise Value/ Earnings before Interest Tax Depreciation and Amortization) TTM, which is a commonly used multiple for valuing Utility Electric Power companies, the industry is trading at 13.84X compared with the S&P 500's 14.03X and the Utility sector's 14.96X. Over the past five ye ...

CenterPoint Energy, Inc. (CNP) , with its rising earnings estimates and strong ROE, makes a good pick in the utility space. It is registering growth in customer volumes and investing substantially to expand operations to meet increasing demand. Let's focus on the factors that make this Zacks Rank #2 (Buy) stock a strong investment pick at the moment. Growth Projections The Zacks Consensus Estimate for 2024 and 2025 earnings per share is pegged at $1.62 and $1.75, indicating growth of 8% and 7.6%, respective ...

Investors interested in stocks from the Utility - Electric Power sector have probably already heard of CenterPoint Energy (CNP) and Southern Co. (SO) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look. There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The proven Zacks Rank empha ...

It has been about a month since the last earnings report for CenterPoint Energy (CNP) . Shares have added about 0.2% in that time frame, underperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is CenterPoint due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. CenterPoint Energy's Q1 Earnings Top ...

4 ~$2.2B to $2.7B Capital Investment Plan Range (2025-2027)(1) Electric System Hardening and Modernization (~$1.7B - $2.1B) • Replace and upgrade assets most susceptible to severe weather or other disruptions • Includes transmission system hardening, distribution circuit rebuilds, and strategic undergrounding Physical Security (~$35MM) • Enhance security at critical substations • Includes asset protection and security monitoring system upgrades Wildfire Mitigation (~$140MM) • Expand wildfire risk modeling a ...

CenterPoint Energy, Inc. (NYSE:CNP) Q1 2024 Earnings Conference Call April 29, 2024 8:00 AM ET Company Participants Jackie Richert - Senior Vice President, Corporate Planning, Investor Relations and Trustees Jason Wells - Chief Executive Officer Chris Foster - Chief Financial Officer Conference Call Participants Constantine Lednev - Guggenheim Partners James Thalacker - BMO Capital Markets Steve Fleishman - Wolfe Research Nick Campanella - Barclays Jeremy Tonet - JPMorgan Securities Durgesh Chopra - Evercor ...

CenterPoint Energy, Inc. (CNP) reported first-quarter 2024 adjusted earnings of 55 cents per share, which surpassed the Zacks Consensus Estimate of 51 cents by 7.8%. The bottom line improved 10% from the year-ago quarter’s figure of 50 cents per share.The year-over-year improvement can be attributed to regulatory recovery and favorable weather impacts.The company registered GAAP earnings of 55 cents per share, which increased 12.2% from the prior-year quarter’s figure of 49 cents per share.Q1 RevenuesCNP ge ...

CenterPoint Energy (CNP) reported $2.62 billion in revenue for the quarter ended March 2024, representing a year-over-year decline of 5.7%. EPS of $0.55 for the same period compares to $0.50 a year ago.The reported revenue represents a surprise of -6.98% over the Zacks Consensus Estimate of $2.82 billion. With the consensus EPS estimate being $0.51, the EPS surprise was +7.84%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determi ...