|Bid||18.00 x 900|
|Ask||18.01 x 800|
|Day's range||17.86 - 18.12|
|52-week range||11.58 - 30.71|
|Beta (5Y monthly)||0.97|
|PE ratio (TTM)||N/A|
|Earnings date||05 Aug 2020 - 10 Aug 2020|
|Forward dividend & yield||0.60 (3.43%)|
|Ex-dividend date||20 May 2020|
|1y target est||19.57|
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.
Utility earnings in the first quarter are expected to have benefited from higher residential demand, while milder winter weather conditions could have offset some of the positives.
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.
Teaser: CMS Energy's (CMS) Q1 result is expected to reflect increased adoption of electrical vehicles along with cost-reduction initiative, largely driven by CE Way.
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.
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/.
CenterPoint Energy (CNP) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
CenterPoint Energy's (CNP) operational territories experience below-normal temperatures during most part of the December-end quarter, which, in, turn are likely to have boosted its revenue performance.
CenterPoint (CNP) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Entergy's (ETR) Q4 results are expected to reflect outage related expenses as a result of the Tropical Storm Olga that hit Louisiana in October 2019.
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.