Recap: CenterPoint Energy Q2 Earnings

CenterPoint Energy CNP reported its Q2 earnings results on Tuesday, August 2, 2022 at 06:00 AM.

Here's what investors need to know about the announcement.

CenterPoint Energy beat estimated earnings by 19.23%, reporting an EPS of $0.31 versus an estimate of $0.26.

Revenue was up $202.00 million from the same period last year.

Last quarter the company missed on EPS by $0.01 which was followed by a 2.62% increase in the share price the next day.

Here's a look at CenterPoint Energy's past performance:

Quarter	Q1 2022	Q4 2021	Q3 2021	Q2 2021
EPS Estimate	0.48	0.30	0.28	0.24
EPS Actual	0.47	0.36	0.33	0.36
Revenue Estimate	2.57B	2.06B	1.66B	1.63B
Revenue Actual	2.76B	2.31B	1.75B	1.74B

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

CenterPoint Energy management provided guidance for FY 2022, expecting earnings between $1.37 and $1.39 per share.

To track all earnings releases for CenterPoint Energy visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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