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 ...

Group 1 - CenterPoint Energy (CNP) has a Zacks Rank of 2 (Buy), indicating a positive earnings outlook, while Southern Co. (SO) has a Zacks Rank of 3 (Hold) [3] - Value investors analyze various traditional metrics to assess whether a company is undervalued, including P/E ratio, P/S ratio, earnings yield, and cash flow per share [4] - CNP has a forward P/E ratio of 18.95 and a PEG ratio of 2.71, while SO has a forward P/E of 20.13 and a PEG ratio of 2.90, suggesting CNP may be more attractive [5] Group 2 - CNP's P/B ratio is 1.97, compared to SO's P/B of 2.47, indicating a better valuation relative to book value [6] - CNP has a Value grade of B, while SO has a Value grade of D, further supporting the notion that CNP is the better option for value investors [6]

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 ...

Financial Data and Key Metrics Changes - The company reported a non-GAAP EPS of $0.55 for Q1 2024, compared to $0.50 in Q1 2023, indicating a strong start to the year [143] - The growth in rate recovery contributed $0.09 to EPS, primarily driven by ongoing recovery from various interim mechanisms [144] - The company reaffirmed its non-GAAP EPS target of 8% growth for 2024 and mid-to-high end of 6% to 8% annually through 2030 [5][141] Business Line Data and Key Metrics Changes - The company has made good progress on its $250 million ATM equity program, completing approximately 75% of equity sales year-to-date [3] - The Texas Gas rate case settlement is expected to result in an annual revenue requirement increase of approximately $5 million, with a minimal impact on customer bills [123] Market Data and Key Metrics Changes - The Houston area has seen strong organic growth, with an average annual customer growth of 1% to 2% over the long term, supported by significant job creation [146] - The company anticipates closing the sale of its Louisiana and Mississippi Gas LDCs, expected to result in after-tax cash proceeds of approximately $1 billion [8] Company Strategy and Development Direction - The company is focused on enhancing grid resiliency through a $2.2 billion to $2.7 billion investment plan over three years, aimed at improving customer outcomes from severe system events [118][115] - The company plans to continue its emphasis on operational and maintenance discipline, which has been a differentiating factor for sustainable growth [6] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the trajectory of financial metrics as the impact of Winter Storm Uri rolls off, expecting improvements in credit metrics over the next few years [55][56] - The company highlighted the dynamic growth environment in Texas, particularly in electric sales, driven by residential and industrial load growth [58] Other Important Information - The company is pursuing various state and federal incentives to support its capital investment plans, including potential federal loan programs [25][63] - The company has filed for a rate case in Ohio Gas, expected to be filed in August 2024 [138] Q&A Session Summary Question: Can you discuss the $500 million upside in terms of accretion versus the 10% rate base growth? - Management indicated that the $500 million of additional capital will be included in the capital investment plan when it can be efficiently executed, financed, and recovered [15][119] Question: How are you thinking about options for refinancing needs? - Management is pleased with current credit metrics and is pursuing various financing alternatives, including DOE Loan Program dollars [26][27] Question: Can you provide an update on the Indiana Electric rate case? - Management mentioned that hearings have been slightly delayed to explore potential settlements, with a final decision expected in Q4 [132] Question: What is the timeline for the Resiliency Plan approval? - The approval timeline is expected to be around six months, with a final decision anticipated by the end of the calendar year [88] Question: What are the current earned or regulated ROEs? - Management noted that regulatory lag has been reduced, with historical averages around 150 basis points, and will provide a more normalized view post-rate case [89]

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 ...

CenterPoint Energy (CNP) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.51 per share. This compares to earnings of $0.50 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.84%. A quarter ago, it was expected that this energy delivery company would post earnings of $0.32 per share when it actually produced earnings of $0.32, delivering no surprise.Over the last four quarters, the ...

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