CenterPoint Energy (NYSE: CNP ) reported earnings on May 2. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), CenterPoint Energy beat slightly on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew. Non-GAAP earnings per share contracted. GAAP earnings per share didn't change.
Margins dropped across the board.
CenterPoint Energy recorded revenue of $2.39 billion. The five analysts polled by S&P Capital IQ wanted to see revenue of $2.35 billion on the same basis. GAAP reported sales were 15% higher than the prior-year quarter's $2.08 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.31. The 16 earnings estimates compiled by S&P Capital IQ predicted $0.37 per share. Non-GAAP EPS of $0.31 for Q1 were 6.1% lower than the prior-year quarter's $0.33 per share. GAAP EPS of $0.34 were the same as the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 28.5%, 320 basis points worse than the prior-year quarter. Operating margin was 13.9%, 230 basis points worse than the prior-year quarter. Net margin was 6.2%, 90 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $1.72 billion. On the bottom line, the average EPS estimate is $0.28.
Next year's average estimate for revenue is $7.87 billion. The average EPS estimate is $1.22.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 274 members out of 297 rating the stock outperform, and 23 members rating it underperform. Among 88 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 82 give CenterPoint Energy a green thumbs-up, and six give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on CenterPoint Energy is outperform, with an average price target of $24.57.
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