CenterPoint Energy Q2 Adjusted EPS $0.28 Beats $0.27 Estimate, Sales $1.88B Beat $1.85B Estimate
Portfolio Pulse from Benzinga Newsdesk
CenterPoint Energy (NYSE:CNP) reported Q2 earnings of $0.28 per share, beating the analyst consensus estimate of $0.27 by 3.7%. However, this is a 9.68% decrease from the same period last year. The company also reported quarterly sales of $1.88 billion, beating the estimate of $1.85 billion by 1.35%, but this is a 3.55% decrease from the same period last year.
July 27, 2023 | 10:27 am
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CenterPoint Energy's Q2 earnings and sales beat estimates but are down from the same period last year.
While CenterPoint Energy beat estimates for both earnings and sales, the year-over-year decrease in both metrics may cause some investor concern, potentially leading to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100