Yahoo Finance CenterPoint Energy First Quarter 2023 Earnings: Beats Expectations
CenterPoint Energy (NYSE:CNP) First Quarter 2023 Results
Key Financial Results
Revenue: US$2.78b (flat on 1Q 2022).
Net income: US$313.0m (down 40% from 1Q 2022).
Profit margin: 11% (down from 19% in 1Q 2022).
EPS: US$0.50 (down from US$0.82 in 1Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
CenterPoint Energy Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 6.0%.
Looking ahead, revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Integrated Utilities industry in the US.
Performance of the American Integrated Utilities industry.
The company's shares are down 2.5% from a week ago.
Risk Analysis
Before you take the next step you should know about the 2 warning signs for CenterPoint Energy (1 is a bit concerning!) that we have uncovered.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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