CenterPoint Beats Q3 Estimates With $0.53 Adjusted EPS, Reaffirms Guidance
CNP is trading near its 52-week low of $36.37 (13% above the low).
Summary
CenterPoint posted Q3 adjusted EPS of $0.53 against an IBES estimate of $0.49, a four-cent beat. Net income came in at $331 million, up from $293 million a year earlier. Full-year adjusted EPS guidance of $1.90-$1.92 brackets the $1.91 consensus, so the beat did not come with a raise. The quarter follows the October 1 completion of the $2.62 billion Ohio gas business sale to National Fuel Gas and the September cybersecurity incident disclosure. The modest beat with in-line guidance points to steady utility execution rather than an inflection.
At the time of this announcement, CNP was trading at $41.20 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $27.1B. The 52-week trading range was $36.37 to $45.26. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.