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Compared to Estimates, CenterPoint (CNP) Q1 Earnings: A Look at Key Metrics

Zacks Equity Research
·2-min read

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 determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

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.

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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: $1.05 billion versus the three-analyst average estimate of $1.03 billion. The reported number represents a year-over-year change of +10.2%.

  • Revenues- Natural Gas Distribution: $1.57 billion compared to the $1.79 billion average estimate based on three analysts. The reported number represents a change of -11.6% year over year.

  • Revenues- Utility: $2.61 billion versus the two-analyst average estimate of $2.77 billion. The reported number represents a year-over-year change of -4.1%.

  • Operating Income / (loss)- Natural Gas Distribution: $394 million versus the three-analyst average estimate of $335.56 million.

  • Operating Income / (loss)- Electric Transmission and Distribution: $227 million versus $244.59 million estimated by three analysts on average.

View all Key Company Metrics for CenterPoint here>>>

Shares of CenterPoint have returned +2.8% over the past month versus the Zacks S&P 500 composite's -2.5% 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 Energy, Inc. (CNP) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research