CenterPoint Energy Raised Its FY23 Adj. EPS From $1.48-$1.50 To $1.49-$1.51 Vs. Consensus Of $1.49; Increased 10-Year Capital Plan To $43.9B
Portfolio Pulse from Benzinga Newsdesk
CenterPoint Energy has raised its FY23 adjusted EPS from $1.48-$1.50 to $1.49-$1.51, slightly above the consensus of $1.49. The company also increased its 10-year capital plan to $43.9 billion, a $500 million increase through 2030. Additionally, it initiated a 2024 non-GAAP EPS guidance range of $1.61-$1.63, representing an 8% growth over the increased 2023 midpoint.
October 26, 2023 | 10:38 am
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POSITIVE IMPACT
CenterPoint Energy's raised EPS for FY23 and increased 10-year capital plan could potentially lead to a positive market reaction. The company's 2024 EPS guidance also indicates continued growth.
The company's raised EPS for FY23 and increased 10-year capital plan indicates strong financial planning and potential for growth. This could make the stock more attractive to investors, potentially leading to a rise in the stock price in the short term. The 2024 EPS guidance also indicates a positive growth trajectory, which could further boost investor confidence.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100