Analysts on Wall Street project that CenterPoint Energy (CNP) will announce quarterly earnings of $0.55 per share in its forthcoming report, representing no change year over year. Revenues are projected to reach $2.66 billion, increasing 1.5% from the same quarter last year.

Over the last 30 days, there has been an upward revision of 4.7% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.

Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.

While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.

With that in mind, let's delve into the average projections of some CenterPoint metrics that are commonly tracked and projected by analysts on Wall Street.

The consensus estimate for 'Revenues- Electric Transmission and Distribution' stands at $1.09 billion. The estimate points to a change of +3.6% from the year-ago quarter.

According to the collective judgment of analysts, 'Revenues- Natural Gas Distribution' should come in at $1.59 billion. The estimate indicates a year-over-year change of +1.2%.

The collective assessment of analysts points to an estimated 'Revenues- Utility' of $2.63 billion. The estimate indicates a year-over-year change of +1%.

The consensus among analysts is that 'Operating Income / (loss)- Natural Gas Distribution' will reach $410.92 million. Compared to the current estimate, the company reported $394 million in the same quarter of the previous year.

Analysts predict that the 'Operating Income / (loss)- Electric Transmission and Distribution' will reach $252.83 million. Compared to the current estimate, the company reported $227 million in the same quarter of the previous year.

View all Key Company Metrics for CenterPoint here>>>

Shares of CenterPoint have experienced a change of +3.9% in the past month compared to the -5.6% move of the Zacks S&P 500 composite. With a Zacks Rank #2 (Buy), CNP is expected to outperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

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