Earnings Preview: CenterPoint Energy
Portfolio Pulse from Benzinga Insights
CenterPoint Energy (NYSE:CNP) is scheduled to release its quarterly earnings report on February 20, 2024, with analysts expecting an EPS of $0.32. The company's past earnings performance shows a mixed impact on its stock price, with the last quarter's beat resulting in a 3.3% drop. Shares have declined 3.56% over the last 52 weeks, indicating potential concern among long-term shareholders ahead of the earnings announcement.
February 19, 2024 | 4:01 pm
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CenterPoint Energy is expected to report an EPS of $0.32 for the upcoming quarter. Historical data shows its stock price reacts variably to earnings reports, with a recent drop despite beating estimates.
Given CenterPoint Energy's mixed historical earnings performance and the recent downward trend in its stock price, the short-term impact of the upcoming earnings report is uncertain. While beating the EPS estimate could positively influence the stock, the company's guidance and past reactions suggest a neutral outlook.
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