For its third fiscal quarter (ending September 30), CenterPoint Energy Inc. (NYSE: CNP) has reported a -27% decline in E.P.S. from $0.41 a year ago to $0.30 in the current quarter. E.P.S. were $1.50 for the latest four quarters through September 30 versus $1.26 for the same period a year ago — an increase of 19%.
Recent Price Action
On 10/28/24, CenterPoint Energy Inc. (NYSE: CNP) stock increased 1.5%, closing at $29.75. However, below average trading volume at 75% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has declined -1.2% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, CNP is expected to continue to be an important Value Builder.
CenterPoint Energy has a current Value Trend Rating of C (Neutral). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. CenterPoint Energy has a neutral Appreciation Score of 45 and a slightly positive Power Rating of 62, leading to the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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