Earnings Outlook For CenterPoint Energy

CenterPoint Energy (NYSE:CNP) is gearing up to announce its quarterly earnings on Monday, 2024-10-28. Here's a quick overview of what investors should know before the release.

Analysts are estimating that CenterPoint Energy will report an earnings per share (EPS) of $0.44.

Investors in CenterPoint Energy are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.

It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.

Performance in Previous Earnings

During the last quarter, the company reported an EPS beat by $0.03, leading to a 2.67% drop in the share price on the subsequent day.

Here's a look at CenterPoint Energy's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.33

0.53

0.32

0.35

EPS Actual

0.36

0.55

0.32

0.40

Price Change %

-3.0%

1.0%

2.0%

-3.0%

Market Performance of CenterPoint Energy's Stock

Shares of CenterPoint Energy were trading at $29.48 as of October 24. Over the last 52-week period, shares are up 10.17%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Analyst Observations about CenterPoint Energy

For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding CenterPoint Energy.

CenterPoint Energy has received a total of ...