CenterPoint Energy, Inc. Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component CenterPoint Energy, Inc. (NYSE:CNP) will unveil its latest earnings on Thursday, August 4, 2011. A public utility holding company, CenterPoint Energy, Inc operates electric transmission and distribution facilities, interstate pipelines and natural gas (NYSE:UNG) gathering, processing and treating facilities.

CenterPoint Energy, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 23 cents per share, a rise of 15% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 21 cents. Between one and three months ago, the average estimate was unchanged, but has risen during the last month. For the year, analysts are projecting net income of $1.10 per share, no change from last year.

Past Earnings Performance: The company met estimates last quarter after beating the forecasts in the prior two. In the first quarter, the company reported profit of 34 cents per share versus a mean estimate of net income of 34 cents per share. In the fourth quarter of the last fiscal year, the company beat estimates by 0 cents.

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Wall St. Revenue Expectations: On average, analysts predict $1.98 billion in revenue this quarter, a rise of 12.5% from the year ago quarter. Analysts are forecasting total revenue of $9.16 billion for the year, a rise of 4.3% from last year’s revenue of $8.78 billion.

Analyst Ratings: Analysts are bullish on this stock with nine analysts rating it as a buy, none rating it as a sell and six rating it as a hold.

Key Stats:

The company has now seen net income rise in three straight quarters. In the first quarter, net income rose 29.8% while it rose 18.1% in the fourth quarter of the last fiscal year and 7.9% in the third quarter of the last fiscal year.

Revenue has fallen in the past two quarters. In first quarter, revenue declined 14.4% to $2.59 billion from the year earlier quarter. In the fourth quarter of the last fiscal year, the figure fell 8.7%.

Competitors to Watch: Integrys Energy Group, Inc. (NYSE:TEG), SCANA Corporation (NYSE:SCG), Atmos Energy Corporation (NYSE:ATO), OGE Energy Corp. (NYSE:OGE), Dominion Resources, Inc. (NYSE:D), Calpine Corporation (NYSE:CPN), Ameren Corporation (NYSE:AEE), The Empire District Electric Co. (NYSE:EDE), NiSource Inc. (NYSE:NI), and NorthWestern Corporation (NYSE:NWE).

Stock Price Performance: During May 4, 2011 to July 29, 2011, the stock price had risen $1.28 (7%) from $18.30 to $19.58. 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, rising 5.5% (+$1.03) over that span. It saw one of its worst periods between February 15, 2011 and February 24, 2011 when shares fell for seven-straight days, falling 3% (-48 cents) over that span. Shares are up $4.21 (+27.4%) year to date.

(Source: Xignite Financials)

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