CenterPoint Energy, Inc. (NYSE:CNP) is set to announce third quarter earning results on Thursday 5th November 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, CNP to report 3Q20 income of $ 0.30 per share.
For the full year, analysts anticipate top line of $ 8034.02 million, while looking forward to income of $ 1.30 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 1.75 ~ $ 1.90 per share
Click Here For More Historical Outlooks Of CenterPoint Energy, Inc.
Previous Quarter Performance
CenterPoint Energy, Inc. announced income for the second quarter of $ 0.21 per share, from the revenue of $ 1,575.00 million. The quarterly earnings shrunk 40.00 percent while revenues contracted 43.71 percent compared with the same quarter last year. The top line results fell short of analysts by $ 599.19 million or 27.56 percent.
Stock Performance
Shares of CenterPoint Energy, Inc. traded low $ -0.23 or -1.06 percent on Wednesday, reaching $ 21.56 with volume of 3.98 million shares. CenterPoint Energy, Inc. has traded high as $ 22.20 and has cracked $ 21.49 on the downward trend
The closing price of $ 21.56, representing a 88.17 % increase from the 52 week low of $ 11.58 and a 25.17 % decrease over the 52 week high of $ 29.12.
The company has a market capital of $ 11.75 billion and is part of the Utilities sector and Utilities – Regulated Gas industry.
Recent Analyst recommendations
- On 19th October 2020, maintained by KeyBanc at Underweight rating, with $ 16.00 target price.
- On 5th October 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 20.00 target price.
- On 18th September 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 19.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.15 per share on July 29, 2020. The dividend were payable on September 10, 2020 to holders of record as of the close of business on August 20, 2020 and ex-dividend date on August 19, 2020.
Conference Call
CenterPoint Energy, Inc. will be hosting a conference call at 8:00 AM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.centerpointenergy.com
CenterPoint Energy, Inc. operates as a public utility holding company in the United States. The companys Electric Transmission & Distribution segment offers electric transmission and distribution services to retail electric providers, municipalities, electric cooperatives, and other distribution companies.
