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CenterPoint (CNP) Reports Q2 Earnings: What Key Metrics Have to Say
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For the quarter ended June 2024, CenterPoint Energy (CNP - Free Report) reported revenue of $1.91 billion, up 1.6% over the same period last year. EPS came in at $0.36, compared to $0.28 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.88 billion, representing a surprise of +1.07%. The company delivered an EPS surprise of +9.09%, with the consensus EPS estimate being $0.33.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how CenterPoint performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenues- Electric Transmission and Distribution: $1.21 billion compared to the $1.09 billion average estimate based on three analysts. The reported number represents a change of +16.4% year over year.
Revenues- Natural Gas Distribution: $695 million versus the three-analyst average estimate of $780.57 million. The reported number represents a year-over-year change of -9%.
Revenues- Utility: $1.89 billion compared to the $1.85 billion average estimate based on two analysts. The reported number represents a change of +5.8% year over year.
Operating Income / (loss)- Natural Gas Distribution: $120 million versus $130.59 million estimated by three analysts on average.
Operating Income / (loss)- Electric Transmission and Distribution: $346 million compared to the $310.27 million average estimate based on three analysts.
Shares of CenterPoint have returned -4.5% over the past month versus the Zacks S&P 500 composite's +0.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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CenterPoint (CNP) Reports Q2 Earnings: What Key Metrics Have to Say
For the quarter ended June 2024, CenterPoint Energy (CNP - Free Report) reported revenue of $1.91 billion, up 1.6% over the same period last year. EPS came in at $0.36, compared to $0.28 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.88 billion, representing a surprise of +1.07%. The company delivered an EPS surprise of +9.09%, with the consensus EPS estimate being $0.33.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how CenterPoint performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenues- Electric Transmission and Distribution: $1.21 billion compared to the $1.09 billion average estimate based on three analysts. The reported number represents a change of +16.4% year over year.
- Revenues- Natural Gas Distribution: $695 million versus the three-analyst average estimate of $780.57 million. The reported number represents a year-over-year change of -9%.
- Revenues- Utility: $1.89 billion compared to the $1.85 billion average estimate based on two analysts. The reported number represents a change of +5.8% year over year.
- Operating Income / (loss)- Natural Gas Distribution: $120 million versus $130.59 million estimated by three analysts on average.
- Operating Income / (loss)- Electric Transmission and Distribution: $346 million compared to the $310.27 million average estimate based on three analysts.
View all Key Company Metrics for CenterPoint here>>>Shares of CenterPoint have returned -4.5% over the past month versus the Zacks S&P 500 composite's +0.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.