Investing.com - CenterPoint Energy (NYSE:CNP) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
CenterPoint Energy announced earnings per share of $0.65 on revenue of $2.17B. Analysts polled by Investing.com anticipated EPS of $0.44 on revenue of $3.81B. That with comparison to EPS of $0.46 on revenue of $3.53B in the same period a year before.CenterPoint Energy had reported EPS of $0.45 on revenue of $3.23B in the previous quarter.Analysts are expecting EPS of $0.26 and revenue of $2.75B in the upcoming quarter.
CenterPoint Energy shares are down 41% from the beginning of the year and are trading at $15.98 , down-from-52-week-high.They are under-performing the S&P 500 which is down 12.21% year to date.
CenterPoint Energy follows other major Utilities sector earnings this month
CenterPoint Energy's report follows an earnings beat by NextEra Energy on Wednesday, April 22, 2020, who reported EPS of $2.38 on revenue of $4.61B, compared to forecasts EPS of $2.37 on revenue of $4.64B.
Dominion Energy had missed expectations on Tuesday with first quarter EPS of $1.09 on revenue of $4.5B, compared to forecast for EPS of $1.1 on revenue of $4.72B.
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