| Will CenterPoint Energy (CNP) Q2 Earnings Lag Estimates? - Analyst Blog | |
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CenterPoint Energy, Inc. CNP will release its second-quarter 2015 financial results before the market opens on Aug 10, 2015. In the prior quarter, this utility reported a positive earnings surprise of 9.09%. Let’s see how things are shaping up at CenterPoint Energy prior to this announcement.
Factors to Consider
Ongoing economic developments in CenterPoint Energy’s operating territories have resulted in new construction across all its customer segments. This might be an indication of enhanced demand.
A significant portion of CenterPoint Energy’s revenue is derived from natural gas sales. Hence, the company’s revenue stream and results of operation are subject to fluctuating weather patterns and changes in natural gas usage.
Earnings Whispers
Our proven model does not conclusively show that CenterPoint Energy is likely to beat earnings estimates this quarter. That is because a stock needs to have both a positive Zacks Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. This is not the case here.
Zacks ESP: CenterPoint Energy has an Earnings ESP of -5.00%. This is because the Most Accurate estimate stands at 19 cents while the Zacks Consensus Estimate is at 20 cents.
Zacks Rank: Though the company’s Zacks Rank #3 increases the predictive power, this combined with -5.00% ESP makes an earnings beat unlikely this quarter.
We caution against stocks with a Zacks Rank #4 and #5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Other Releases
DTE Energy Company DTE reported second-quarter 2015 operating earnings per share of 76 cents, lagging the Zacks Consensus Estimate of 84 cents by 9.5%.
Duke Energy Corporation DUK reported second-quarter 2015 adjusted earnings of 95 cents per share that fell short of the Zacks Consensus Estimate of $1.02 by 6.9%.
Dominion Resources Inc. D reported second-quarter 2015 operating earnings of 73 cents per share, surpassing the Zacks Consensus Estimate by a penny.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CENTERPOINT EGY (CNP): Free Stock Analysis Report DUKE ENERGY CP (DUK): Free Stock Analysis Report DTE ENERGY CO (DTE): Free Stock Analysis Report DOMINION RES VA (D): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
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Duke Energy
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CODE : DUK |
ISIN : US26441C2044 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Duke Energy is a and oil producing company based in United states of america. Duke Energy is listed in United States of America. Its market capitalisation is US$ 80.6 billions as of today (€ 72.5 billions). Its stock quote reached its lowest recent point on May 02, 2003 at US$ 10.00, and its highest recent level on September 19, 2024 at US$ 115.14. Duke Energy has 700 299 523 shares outstanding. |