Stocks in this group have lost about 3.6% so far this year, so CNP is performing better this group in terms of year-to-date returns. Looking more specifically, CenterPoint Energy belongs to the Utility - Electric Power industry, which includes 61 individual stocks and currently sits at #95 in the Zacks Industry Rank. The stock currently has a Zacks Rank #2 (Buy). Over the past three months, TransAlta's consensus EPS estimate for the current year has increased 64.7%. The stock has returned 4.8% year-to-date. This means that CenterPoint Energy is outperforming the sector as a whole this year.Īnother Utilities stock, which has outperformed the sector so far this year, is TransAlta ( TAC Quick Quote TAC - Free Report). At the same time, Utilities stocks have lost an average of 3.3%. This is a sign of improving analyst sentiment and a positive earnings outlook trend.Īccording to our latest data, CNP has moved about 5.9% on a year-to-date basis. Within the past quarter, the Zacks Consensus Estimate for CNP's full-year earnings has moved 0.2% higher. CenterPoint Energy is currently sporting a Zacks Rank of #2 (Buy). This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. The Utilities group currently sits at #7 within the Zacks Sector Rank. Is CenterPoint Energy ( CNP Quick Quote CNP - Free Report) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Utilities sector should help us answer this question.ĬenterPoint Energy is one of 108 companies in the Utilities group. The Utilities group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers.
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