CenterPoint Energy Q3: Misses On Earnings, But Keeps 2024-2025 Growth Target Strong
Portfolio Pulse from Lekha Gupta
CenterPoint Energy reported Q3 sales and EPS that missed expectations, but reaffirmed strong growth targets for 2024-2025. Despite increased expenses, the company maintains a positive outlook with plans for infrastructure improvements. CNP shares closed slightly lower.
October 28, 2024 | 12:18 pm
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NEUTRAL IMPACT
CenterPoint Energy missed Q3 earnings expectations but reaffirmed its growth targets for 2024-2025. The company is focusing on infrastructure improvements despite increased expenses.
CNP's Q3 earnings miss was due to increased expenses, but the reaffirmation of growth targets and focus on infrastructure improvements provide a balanced outlook. The stock closed slightly lower, indicating a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
First Trust Utilities AlphaDEX Fund includes CenterPoint Energy, which reported a Q3 earnings miss but reaffirmed growth targets.
FXU holds CNP, which had a mixed earnings report. The ETF's performance may be neutral in the short term as CNP's growth targets offset the earnings miss.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Virtus Reaves Utilities ETF provides exposure to CenterPoint Energy, which missed Q3 earnings but maintains strong growth targets.
UTES holds CNP, which had a mixed earnings report. The ETF's performance may be neutral in the short term as CNP's growth targets offset the earnings miss.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50