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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NEUTRAL IMPACT
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