CenterPoint EnergyNYSE: CNP

CenterPoint Energy, Inc. (NYSE:CNP) will hold its Q3 2024 Earnings Conference Call on October 28, 2024, at 8:00 AM ET. The call will feature company leaders, including Jackie Richert, Jason Wells, and Chris Foster, along with analysts from various financial firms. The operator will now hand over the call to Jackie Richert, who is the Senior Vice President of Corporate Planning, Investor Relations, and Treasurer.

The main figures for CenterPoint (CNP) provide an overview of the company's performance for the quarter that ended in September 2024. However, it could be useful to compare some important metrics with Wall Street predictions and the results from the same period last year.

CNP earned $1.86 billion in revenue, falling short of the Zacks Consensus Estimate by 1.2%. Additionally, this figure decreased by 0.2% compared to the same period last year.

CenterPoint Energy (CNP) reported quarterly earnings of $0.31 per share, which is lower than the Zacks Consensus Estimate of $0.36 per share. This is a decrease compared to earnings of $0.40 per share from the same period last year.

HOUSTON--(BUSINESS WIRE)--CenterPoint Energy, Inc. (NYSE: CNP), referred to as "CenterPoint," announced that its income for common shareholders was $193 million, or $0.30 per diluted share, for the third quarter of 2024. This is a decrease from $0.40 per diluted share in the same quarter of 2023. The non-GAAP earnings per share for the third quarter of 2024 were $0.31, which is $0.09 lower than the previous year.

An independent expert report has provided 77 suggestions to enhance storm response, and CenterPoint Energy has already finished or is working on two-thirds of these recommendations. The report, released on October 25, 2024, focuses on improving readiness, response, and communication during major storms and emergencies, following Hurricane Beryl. CenterPoint is also reviewing the remaining 26 recommendations to find more ways to help its customers.

CenterPoint Energy's lineworkers and apprentices recently participated in the 40th annual International Lineman's Rodeo in Bonner Springs, Kansas. Out of over 200 competing teams, CenterPoint secured 6th place among investor-owned utilities and 13th place overall. The event showcases top linemen from around the globe, competing in various traditional lineman tasks.

CNP's results for the third quarter are expected to show positive effects from warmer weather. On the other hand, increased interest rate costs might have negatively impacted their profits.

CenterPoint (CNP) lacks the right mix of the two important factors that could lead to a strong earnings report in the near future. Be ready for the main expectations.