CenterPoint Slips After Q1 Results Reflect Cost Pressures, Offset By Favorable Weather
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 24 2025
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Source: Benzinga
Earnings Report: CenterPoint Energy reported an adjusted EPS of 53 cents, consistent with consensus estimates, but down year-over-year due to increased financing costs and higher operating expenses. The company plans to implement a "System Resiliency Plan" in late 2025 and has raised its 10-year capital plan to $48.5 billion.
Market Outlook: The demand for electric services in Houston is expected to grow nearly 50% by 2031, with the company reaffirming its non-GAAP EPS guidance for 2025. Despite positive weather impacts, shares dropped to $36.80 in premarket trading.
Analyst Views on UTES
Wall Street analysts forecast UTES stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for UTES is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
