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CenterPoint Energy (CNP) Beats on Q4 Earnings; Lags Revenues

Zacks Equity Research

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 fourth quarter Zacks Consensus Estimate for earnings of 24 cents per share has decreased by 1 cent over the last 7 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 6.25%.
 
Zacks Rank:
Currently, CenterPoint Energy has a Zacks Rank #3 (Hold) but that could change following its fourth quarter 2015 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 8.3%. Our consensus called for fourth quarter EPS of 24 cents, and the company reported adjusted earnings of 26 cents per share.
 
Revenues:
Revenues of $1,791 million missed the Zacks Consensus Estimate of $3,617 million.
 
Check back later for our full write up on this CenterPoint earnings report later!
 
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CENTERPOINT EGY (CNP): Free Stock Analysis Report
 
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