|Bid||18.43 x 1000|
|Ask||18.75 x 2200|
|Day's range||18.33 - 18.68|
|52-week range||11.58 - 30.71|
|Beta (5Y monthly)||0.54|
|PE ratio (TTM)||14.64|
|Earnings date||05 Aug 2020 - 10 Aug 2020|
|Forward dividend & yield||0.60 (3.25%)|
|Ex-dividend date||20 May 2020|
|1y target est||19.70|
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Morgan Stanley (NYSE:MS) analyst Stephen Byrd maintained a Hold rating on Centerpoint Energy (NYSE:CNP) Inc on Friday, setting a price target of $19, which is approximately 12.43% above the present share price of $16.9.
It was far from a boring earnings day for this utility, which posted ugly results but is seemingly setting itself up for better days ahead.
CenterPoint Energy's (CNP) Q1 bottom line (on a GAAP basis) declines year over year due to after-tax non-cash impairment charges and losses on assets held for sale.
CenterPoint (CNP) delivered earnings and revenue surprises of 11.11% and -7.09%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
HOUSTON (AP) _ CenterPoint Energy Inc. (CNP) on Thursday reported a first-quarter loss of $1.2 billion, after reporting a profit in the same period a year earlier. The Houston-based company said it had a loss of $2.44 per share. Earnings, adjusted for non-recurring costs and to account for discontinued operations, were 50 cents per share.
CenterPoint Energy, Inc. (NYSE: CNP) today reported a loss available to common shareholders of $1,228 million, or loss of $2.44 per diluted share, for the first quarter of 2020, compared to income available to common shareholders of $140 million, or $0.28 per diluted share, for the first quarter of 2019. The company recognized $1,568 million of after-tax non-cash impairment charges and losses on assets held for sale in the first quarter of 2020, which are discussed in detail below.
CenterPoint Energy's (CNP) service territories experienced above-normal winter temperatures throughout the first quarter of 2020, which is likely to have marred its quarterly revenues.
Houston, TX, April 01, 2020 -- Date: May 7, 2020 Time: 10:00 a.m. Central time or 11:00 a.m. Eastern time Listen via internet: http://investors.centerpointenergy.com/.
Duke Energy (DUK) has been taking initiatives to control its traditional operation and maintenance costs lately, which may have positively impacted the bottom line in the fourth quarter.
PPL Corp's (PPL) fourth-quarter earnings are likely to have benefited from its ability to recover a major portion of capex in a short time span.
Just Energy's (JE) fiscal third-quarter 2020 earnings are likely to have benefited from focus on high-margin North American operations and cost-saving initiatives.
Atmos Energy's (ATO) first-quarter fiscal 2020 earnings are expected to have benefited from new rates and ongoing customer additions in its service territories.
DTE Energy's (DTE) fourth-quarter top line is likely to have witnessed solid growth owing to heavy precipitation in most of its service territories.
CenterPoint (CNP) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.