Unveiling CenterPoint (CNP) Q2 Outlook: Wall Street Estimates for Key Metrics

Wall Street analysts expect CenterPoint Energy (CNP) to post quarterly earnings of $0.38 per share in its upcoming report, which indicates a year-over-year increase of 5.6%. Revenues are expected to be $1.94 billion, up 1.8% from the year-ago quarter.The consensus EPS estimate for the quarter has undergone an upward revision of 2.9% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.Bearing this in mind, let's now explore the average estimates of specific CenterPoint metrics that are commonly monitored and projected by Wall Street analysts.Analysts forecast 'Revenues- Electric Transmission and Distribution' to reach $1.22 billion. The estimate suggests a change of +1.4% year over year.The consensus estimate for 'Revenues- Natural Gas Distribution' stands at $726.86 million. The estimate suggests a change of +4.6% year over year.The collective assessment of analysts points to an estimated 'Revenues- Utility' of $1.98 billion. The estimate indicates a change of +4.4% from the prior-year quarter.Analysts predict that the 'Operating Income / (loss)- Natural Gas Distribution' will reach $147.12 million. Compared to the current estimate, the company reported $120.00 million in the same quarter of the previous year.The combined assessment of analysts suggests that 'Operating Income / (loss)- Electric Transmission and Distribution' will likely reach $370.85 million. The estimate is in contrast to the year-ago figure of $346.00 million. View all Key Company Metrics for CenterPoint here>>> Shares of CenterPoint have demonstrated returns of +4.2% over the past month compared to the Zacks S&P 500 composite's +5.4% change. With a Zacks Rank #2 (Buy), CNP is expected to beat the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .One Big Gain, Every Trading DayTo help you take full advantage of this market, you’re invited to access every stock recommendation in all our private portfolios - for just $1.Zacks private portfolio services that closed 256 double and triple-digit winners in 2024 alone. That’s about one big gain every day the market was open. Of course, not all our picks are winners, but members have seen recent gains as high as +627% +1,340%, and +1,708%.Imagine how much you could profit with a steady stream of real-time picks from all our services that cover a number of strategies to suit a variety of investing and trading styles.See Stocks Now >>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 Energy, Inc. (CNP): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks