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NiSource (NI) Beats on Q2 Earnings,Misses Revenues
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NiSource Inc. (NI - Free Report) is an energy holding company. The Merrillville, IN-based firm is engaged in natural gas transmission, storage and distribution, and electric generation, transmission and distribution business.
NiSource’s stable cash generating capacity, steady focus on regulated utility operations and systematic investments in infrastructure modernization and expansion projects will likely boost its future performance. In addition, the company’s practice of paying dividend is commendable.
NiSource continues to lower greenhouse gas emissions to achieve regulatory standards. Through planned investment, the company aims to further lower methane emissions by more than 300 million cubic feet in 2016, a reduction of 10% year over year.
Estimate Trend & Surprise History
Investors should note that the second quarter earnings estimate of 7 cents has decreased by 12.5% over the past 90 days.
Coming to the earnings surprise, NiSource has surpassed the Zacks Consensus Estimate in three of the last four quarters making for an average positive surprise of 46.71%.
Zacks Rank: Currently, NiSource has a Zacks Rank #3 (Hold). However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. We have mentioned below some of the vital information from this just-revealed announcement:
Earnings: NiSource topped second quarter 2016 earnings estimates. Our consensus called for second-quarter EPS of 7 cents, and the company reported EPS of 8 cents.
Revenue: NiSource missed the revenue estimates. The company posted revenues of $893 million, compared to our second-quarter consensus estimate of $928 million.
Key Stats to Note: In the quarter, NiSource’s Gas Distribution revenue decreased 1.8% year over year to $505.5 million. However, the company’s revenue from Electric Operations increased 2.8% to $387.3 million.
Stock Price: It would be interesting to see how the market reacts to the earnings release during the trading session today.
Check back later for our full write up on this NI earnings report later!
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NiSource (NI) Beats on Q2 Earnings,Misses Revenues
NiSource Inc. (NI - Free Report) is an energy holding company. The Merrillville, IN-based firm is engaged in natural gas transmission, storage and distribution, and electric generation, transmission and distribution business.
NiSource’s stable cash generating capacity, steady focus on regulated utility operations and systematic investments in infrastructure modernization and expansion projects will likely boost its future performance. In addition, the company’s practice of paying dividend is commendable.
NiSource continues to lower greenhouse gas emissions to achieve regulatory standards. Through planned investment, the company aims to further lower methane emissions by more than 300 million cubic feet in 2016, a reduction of 10% year over year.
Estimate Trend & Surprise History
Investors should note that the second quarter earnings estimate of 7 cents has decreased by 12.5% over the past 90 days.
Coming to the earnings surprise, NiSource has surpassed the Zacks Consensus Estimate in three of the last four quarters making for an average positive surprise of 46.71%.
Zacks Rank: Currently, NiSource has a Zacks Rank #3 (Hold). However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. We have mentioned below some of the vital information from this just-revealed announcement:
Earnings: NiSource topped second quarter 2016 earnings estimates. Our consensus called for second-quarter EPS of 7 cents, and the company reported EPS of 8 cents.
NISOURCE INC Price and EPS Surprise
NISOURCE INC Price and EPS Surprise | NISOURCE INC Quote
Revenue: NiSource missed the revenue estimates. The company posted revenues of $893 million, compared to our second-quarter consensus estimate of $928 million.
Key Stats to Note: In the quarter, NiSource’s Gas Distribution revenue decreased 1.8% year over year to $505.5 million. However, the company’s revenue from Electric Operations increased 2.8% to $387.3 million.
Stock Price: It would be interesting to see how the market reacts to the earnings release during the trading session today.
Check back later for our full write up on this NI earnings report later!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>