CenterPoint Energy Inc. First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component CenterPoint Energy, Inc. (NYSE:CNP) will unveil its latest earnings on Thursday, May 3, 2012. CenterPoint Energy is a public utility holding company that operates electric transmission and distribution facilities, interstate pipelines, and natural gas gathering, processing, and treating facilities.

CenterPoint Energy, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 33 cents per share, a decline of 2.9% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 35 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 34 cents during the last month. For the year, analysts are projecting profit of $1.15 per share, a decline of 4.2% from last year.

Past Earnings Performance: The company’s quarterly results have come in above estimates for the last three quarters. Last quarter, the company booked net income of 26 cents per share versus a mean estimate of profit of 19 cents per share.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 3.9% in revenue from the year-earlier quarter to $2.69 billion.

Analyst Ratings: Analysts seem relatively indifferent about CenterPoint Energy with 10 of 14 analysts surveyed maintaining a hold rating.

A Look Back: In the fourth quarter of the last fiscal year, profit fell 5.6% to $117 million (28 cents a share) from $124 million (29 cents a share) the year earlier, but exceeded analyst expectations. Revenue rose 2.2% to $2.15 billion from $2.1 billion.

Key Stats:

The company is looking to get back on track with this earnings announcement after a profit drop last quarter snapped a positive string of results. Net income rose 29.8% in the first quarter of the last fiscal year, 46.9% in the second quarter of the last fiscal year and more than sevenfold in the third quarter of the last fiscal year before declining in the fourth quarter of the last fiscal year.

Stock Price Performance: Between February 1, 2012 and April 27, 2012, the stock price rose $1.57 (8.5%), from $18.48 to $20.05. The stock price saw one of its best stretches over the last year between June 23, 2011 and July 1, 2011, when shares rose for seven straight days, increasing 5.5% (+$1) over that span. It saw one of its worst periods between April 2, 2012 and April 10, 2012 when shares fell for six straight days, dropping 4.1% (-81 cents) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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