CenterPoint Energy, Inc. (NYSE:CNP ) Q3 2024 Earnings Conference Call October 28, 2024 8:00 AM ET Company Participants Jackie Richert - SVP, Corporate Planning, IR and Treasurer Jason Wells - CEO Chris Foster - CFO Conference Call Participants Shar Pourreza - Guggenheim Steve Fleishman - Wolfe Research Durgesh Chopra - Evercore Jeremy Tonet - JPMorgan Securities David Arcaro - Morgan Stanley Julien Dumoulin-Smith - Jefferies Operator Good morning, and welcome to CenterPoint Energy Third Quarter 2024 Earnings Conference Call with Senior Management. [Operator Instructions] I will now turn the call over to Jackie Richert, Senior Vice President of Corporate Planning, Investor Relations and Treasurer.
The headline numbers for CenterPoint (CNP) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
CNP generated revenues of $1.86 billion, which missed the Zacks Consensus Estimate by 1.2%. The top line also plunged 0.2% year over year.
CenterPoint Energy (CNP) came out with quarterly earnings of $0.31 per share, missing the Zacks Consensus Estimate of $0.36 per share. This compares to earnings of $0.40 per share a year ago.
Evaluate the expected performance of CenterPoint (CNP) for the quarter ended September 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
CNP's Q3 results are likely to reflect the benefits of a warmer-than-normal weather pattern. However, higher interest rate expenses may have hurt earnings.
CenterPoint (CNP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
CNP's deal with Neara should help reduce customer outages. This move is in sync with the company's objective to become the most resilient coastal electric grid in the country.
Investors interested in Utility - Electric Power stocks are likely familiar with FirstEnergy (FE) and CenterPoint Energy (CNP). But which of these two companies is the best option for those looking for undervalued stocks?
NEW YORK, NY / ACCESSWIRE / August 19, 2024 / Pomerantz LLP is investigating claims on behalf of investors of CenterPoint Energy, Inc. ("CenterPoint" or the "Company") (NYSE:CNP). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext.
LOS ANGELES, CA / ACCESSWIRE / August 19, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of CenterPoint Energy, Inc. ("CenterPoint" or "the Company") (NYSE:CNP) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
LOS ANGELES, CA / ACCESSWIRE / August 18, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of CenterPoint Energy, Inc. ("CenterPoint" or "the Company") (NYSE:CNP) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.