For its first fiscal quarter (ending March 31), CenterPoint Energy Inc. (NYSE: CNP) has reported a 10% increase in E.P.S. from $0.50 a year ago to $0.55 in the current quarter. However, this performance was $-0.01 short of the consensus estimate of $0.56. E.P.S. were $1.43 for the latest four quarters through March 31 versus $1.27 for the same period a year ago — an increase of 13%.
Recent Price Action
On 4/30/24, CenterPoint Energy Inc. (NYSE: CNP) stock declined slightly by -0.3%, closing at $29.14. Moreover, unusually high trading volume at 166% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and has risen 1.3% during the last week.
Current PriceTarget Research Rating
CNP’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
CenterPoint Energy has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. CenterPoint Energy has a neutral Power Rating of 45 and a neutral Appreciation Score of 40, triggering the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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