NEW YORK (TheStreet) -- Shares of CenterPoint Energy (CNP) - Get CenterPoint Energy, Inc. (CNP) Stock Price, News, Buy or Sell Rating Report were higher late Thursday afternoon ahead of the company's 2016 second-quarter earnings, due out before Friday's opening bell.
Wall Street is projecting that earnings and revenue will increase year-over-year.
Analysts are expecting the Houston-based utility holding company to post earnings of 20 cents per share on revenue of $1.67 billion.
During the same quarter last year, CenterPoint earned 18 cents per diluted share on revenue of $1.53 billion.
The company serves more than 5 million metered customers primarily in Arkansas, Louisiana, Minnesota, Mississippi, Oklahoma and Texas.
Separately, TheStreet Ratings Team has a "Buy" rating with a score of B- on the stock.
The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income and growth in earnings per share.
The team believes its strengths outweigh the fact that the company has had generally high debt management risk by most measures that were evaluated.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: CNP