Inside CenterPoint Energy Inc.’s Upcoming Third Quarter Earnings Release

S&P 500 (NYSE:SPY) component CenterPoint Energy, Inc. (NYSE:CNP) will unveil its latest earnings on Wednesday, November 2, 2011. 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 profit of 29 cents per share, no change 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 28 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 29 cents during the last month. For the year, analysts are projecting net income of $1.11 per share, a rise of 0.9% from last year.

Past Earnings Performance: Last quarter, the company topped estimates by 0 cents, coming in at profit of 24 cents per share against a mean estimate of net income of 23 cents. The company fell in line with estimates in the first quarter.

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Wall St. Revenue Expectations: On average, analysts predict $2.17 billion in revenue this quarter, a rise of 13.6% from the year ago quarter. Analysts are forecasting total revenue of $9.18 billion for the year, a rise of 4.6% from last year’s revenue of $8.78 billion.

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

A Look Back: In the second quarter, profit rose 46.9% to $119 million (28 cents a share) from $81 million (20 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 4.6% to $1.84 billion from $1.76 billion.

Key Stats:

The company has seen net income rise in three straight quarters. Net income rose 29.8% in the first quarter and 18.1% in the fourth quarter of the last fiscal year.

A year-over-year revenue increase in the second quarter snapped a streak of two consecutive quarters of revenue declines. Revenue fell 14.4% in the first quarter and 8.7% in the fourth quarter of the last fiscal year.

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 August 3, 2011 to October 27, 2011, the stock price had risen $2.13 (11.1%) from $19.12 to $21.25. 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% (+$1.02) 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 3.1% (-48 cents) over that span. Shares are up $6.04 (+39.7%) year to date.

(Source: Xignite Financials)

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