CenterPoint Energy Third Quarter 2022 Earnings: Revenues Beat Expectations, EPS Lags

CenterPoint Energy (NYSE:CNP) Third Quarter 2022 Results

Key Financial Results

• Revenue: US$1.90b (up 8.8% from 3Q 2021).
• Net income: US$189.0m (up 49% from 3Q 2021).
• Profit margin: 9.9% (up from 7.3% in 3Q 2021).
• EPS: US$0.30 (up from US$0.21 in 3Q 2021).

All figures shown in the chart above are for the trailing 12 month (TTM) period

CenterPoint Energy Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 6.7%. Earnings per share (EPS) missed analyst estimates by 2.7%.

Looking ahead, revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Integrated Utilities industry in the US.

Performance of the American Integrated Utilities industry.

The company's shares are up 1.8% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 4 warning signs for CenterPoint Energy (1 can't be ignored) you should be aware of.

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