Centrica Increases 2017 Guidance; U.K. Home Accounts Now Stable Versus Sharp Decline in First Half
We are reaffirming our narrow moat and stable moat trend ratings and our GBX 250 per share fair value estimate after Centrica increased its 2016 earnings guidance and confirmed operating cash flow will be well above management's initial guidance exceeding GBP 2 billion. Centrica will report full-year actual results on Feb. 23, 2017.Centrica now expects 2016 adjusted EPS to be approximately GBX 16.5 versus our estimate of GBX 15.0 and the consensus estimate of GBX 15.4. Although the favorable ou...
Centrica is an energy and services company. Co.'s segment are: Energy Supply and Services, which supplies gas and electricity in the U.K. and North America; Connected Home, which supplies energy solutions and technologies to residential customers; Distributed Energy and Power, which supplies energy solutions, generation and technologies to commercial and industrial customers; Energy Marketing and Trading, which trades and optimizes energy; Exploration and Production, which produces and processes gas and oil and develops new fields; Central Power Generation, which generates power from combined cycle gas turbines, wind and nuclear assets; and Centrica Storage, gas storage in the U.K.
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