Cleco Corporation (CNL)
Cleco Corporation Beneish M-Score: -2.715
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CNL Beneish M-Score Rankings
| Overall | 59th percentile | 1530 of 3761 |
| Sector | 57th percentile | 45 of 105 in Utilities |
| Industry | 55th percentile | 23 of 52 in Electric Utilities |
CNL Beneish M-Score Range, Past 5 Years
| Minimum | -2.715 | Dec 2011 |
| Maximum | -2.135 | Dec 2010 |
| Average | -2.434 |
About Beneish M Score
The Beneish M Score helps to uncover companies who are likely to be manipulating their reported earnings. Companies with a higher score are more likely to be manipulators. This is a probabilistic model, so it will not detect manipulators with 100% accuracy.
The best cut-off point depends on the costs mistakenly classifying in one of two ways:
1) Classifying firm that is manipulating earnings as a non-manipulator (Type I error), and
2) Classifying a firm as a manipulator when it actually was not manipulating (Type II Error).
Here are optimal cut-offs according to Beneish, presented as the score followed by the cost of Type I error relative to cost of Type II error):
M Score HTML Table:
| Score | Relative Error Costs (Type I:Type II) |
|---|---|
| M Score > -1.49 | (10:1) | M Score > -1.78 | (20:1) | M Score > -1.89 | (40+:1) |
Beneish excluded financial institutions from his sample when calculating the M-Score, so extreme care should be taken when looking at M-Scores of financial firms - their business models are different from the manufacturing and other service firms that Beneish used in his study.
If you want more details, here is the original Beneish M Score Paper, or you can learn about our calculation by clicking "Learn More" below.
Learn More
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CNL News
Market Wrap Video + Additions to Watch List http://stks.co/3zGy including: $HAIN $VVUS $STRI $MNST $NYT $DDD $CNL $PEP
about 3 days ago by StockTiger
about 3 days ago by StockTiger
Market Wrap Video + Additions to Watch List http://stks.co/3yxd including: $HAIN $VVUS $STRI $MNST $NYT $DDD $CNL $PEP
about 4 days ago by StockTiger
about 4 days ago by StockTiger
Listen to $CNL Q1 2012 earnings call - live at 10:00 AM, ondemand after - http://stks.co/3eGH
about 25 days ago by earningscast
about 25 days ago by earningscast
Cleco Corporation posts 2012 first-quarter operational earnings of $0.42 per diluted share; Company reaffirms 2012 earnings guidance
May 02, 4:43PM Thomson Reuters ONE
May 02, 4:43PM Thomson Reuters ONE
Cleco Corporation announces webcast of 2012 first-quarter earnings
Apr 25, 2:44PM Thomson Reuters ONE
Apr 25, 2:44PM Thomson Reuters ONE
Market Wrap Video + Additions to Watch List http://stks.co/39V0 including: $RENN $STRI $CHRS $FAF $RGP $RT $CNL $JBHT
about 59 days ago by StockTiger
about 59 days ago by StockTiger
Market Wrap Video + Additions to Watch List http://stks.co/393E including: $RENN $STRI $CHRS $FAF $RGP $RT $CNL $JBHT
about 60 days ago by StockTiger
about 60 days ago by StockTiger
$CNL filed latest Proxy Statement with the SEC (Form DEF 14A) http://stks.co/2tY4
about 73 days ago by MarketBrief
about 73 days ago by MarketBrief
KeyBanc Maintains a 'Buy' on Cleco (CNL); Feeling Even More Positive After Meeting With Management
Mar 12, 7:26AM Street Insider
Mar 12, 7:26AM Street Insider
Listen to $CNL Q4 2011 earnings call - live at 11:00 AM, ondemand after - http://stks.co/2Wyd
about 95 days ago by earningscast
about 95 days ago by earningscast
Cleco Corporation reports full-year 2011 operational earnings of $2.53 per diluted share
Feb 22, 4:38PM Thomson Reuters ONE
Feb 22, 4:38PM Thomson Reuters ONE
Cleco Corporation announces schedule for fourth-quarter and year-end 2011 financial results
Feb 10, 11:03AM Thomson Reuters ONE
Feb 10, 11:03AM Thomson Reuters ONE
Ladenburg Thalmann Downgrades Cleco from Buy to Neutral, Raises PT from $40 to $41
Feb 08, 9:03AM Benzinga
Feb 08, 9:03AM Benzinga
Cleco to begin serving Dixie Electric Membership Corporation in 2014
Jan 31, 8:46AM Thomson Reuters ONE
Jan 31, 8:46AM Thomson Reuters ONE
$CNL raises FY11 EPS guidance from $2.25-$2.35 to $2.42-$2.48, vs. cons. $2.42, sees FY12 EPS $2.34-$2.44, vs. cons. $2.44
about 174 days ago by Street_Insider
about 174 days ago by Street_Insider
$CNL declares a quarterly dividend of $0.3125 per share on its common stock for the third quarter of 2011--an 11.6% increase
about 213 days ago by lewisgreen
about 213 days ago by lewisgreen
$CNL http://chart.ly/2gp53vp Comrar si rope resistencia ~35.70
about 284 days ago by ComprarAcciones
about 284 days ago by ComprarAcciones
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| CNL | 40.93 | +0.25 | +0.61% | 2.489B |
| CNIT | 1.08 | -0.03 | -2.70% | 29.80M |
| CNI | 81.06 | -0.91 | -1.11% | 35.69B |
| CNH | 39.76 | -0.77 | -1.90% | 9.531B |
| CNGL | 0.3801 | +0.00 | +0.00% | 14.03M |
| CLS | 7.57 | +0.01 | +0.13% | 1.496B |
| CLRO | 3.75 | +0.00 | +0.00% | 34.09M |
| CLR | 75.95 | +1.53 | +2.06% | 13.74B |
| CLNY | 16.79 | +0.09 | +0.54% | 555.92M |
| CLNT | 3.13 | +0.01 | +0.32% | 6.573M |
