CenterPoint Energy Q1 2024 Adj EPS $0.55 Beats $0.53 Estimate, Sales $2.620 Miss $2.681B Estimate
Portfolio Pulse from Benzinga Newsdesk
CenterPoint Energy (CNP) reported Q1 2024 adjusted EPS of $0.55, surpassing the $0.53 estimate, marking a 10% increase from the previous year. However, their sales of $2.620 billion fell short of the $2.681 billion estimate, showing a significant decrease from last year's $2.779 billion.
April 30, 2024 | 10:32 am
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NEUTRAL IMPACT
CenterPoint Energy reported higher-than-expected Q1 2024 earnings but missed sales estimates, with a significant year-over-year decrease.
The positive earnings beat may provide short-term positive sentiment, offset by the negative impact of missing sales estimates and the significant decrease in sales compared to the previous year. The mixed results make the short-term price direction uncertain, hence a neutral score.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100