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Will Brookfield Infrastructure (BIP) Q2 Earnings Disappoint?
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Brookfield Infrastructure Partners L.P. (BIP - Free Report) is scheduled to report second-quarter 2016 results before the opening bell on Aug 3. Brookfield Infrastructure’s earnings last quarter were 4.08% higher than expected. Let’s see how things are holding up for the second quarter.
Factors to Consider
Brookfield Infrastructure aims to create a globally diversified asset portfolio that will assure sustainable returns for its unit holders. At present, Brookfield Infrastructure Partners has three advanced transactions with the partnership having the potential to deploy almost $500 million in capital. All these three transactions will be funded from its existing liquidity.
The partnership will bring online some of its organic initiatives which are expected to boost performance in the second half of 2016. So, the first half results of Brookfield Infrastructure are expected to be lower than the second half.
Earnings Whispers?
Our proven model does not conclusively show that Brookfield Infrastructure Partners is likely to beat estimates this quarter. That is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), #2 (Buy) or #3 (Hold) for this to happen. But that is not the case here, as you will see below.
Zacks ESP: Earnings ESP, which represents the difference between the Most Accurate estimate – here it’s $1.03 – and the Zacks Consensus Estimate – here it’s $1.03 - is 0.00%.
Zacks Rank: Brookfield Infrastructure’s Zacks Rank #3 increases the possibility of a beat, but the 0.00% ESP makes it unlikely that this will see fruition this season.
As it is, we caution against stocks with a Zacks Rank #4 and #5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Instead, here are a few players in the electric power industry that have the right combination of elements to post an earnings beat this quarter.
Dominion Resources Inc. (D - Free Report) has an earnings ESP of +1.43% and a Zacks Rank #3. It is expected to report second-quarter earnings on Aug 3.
Duke Energy Corporation (DUK - Free Report) has an earnings ESP of +2.00% and a Zacks Rank #3. It is expected to report second-quarter earnings on Aug 4.
Exelon Corporation (EXC - Free Report) has an earnings ESP of +1.79% and a Zacks Rank #3. It is expected to report second-quarter earnings on Aug 3.
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Will Brookfield Infrastructure (BIP) Q2 Earnings Disappoint?
Brookfield Infrastructure Partners L.P. (BIP - Free Report) is scheduled to report second-quarter 2016 results before the opening bell on Aug 3. Brookfield Infrastructure’s earnings last quarter were 4.08% higher than expected. Let’s see how things are holding up for the second quarter.
Factors to Consider
Brookfield Infrastructure aims to create a globally diversified asset portfolio that will assure sustainable returns for its unit holders. At present, Brookfield Infrastructure Partners has three advanced transactions with the partnership having the potential to deploy almost $500 million in capital. All these three transactions will be funded from its existing liquidity.
The partnership will bring online some of its organic initiatives which are expected to boost performance in the second half of 2016. So, the first half results of Brookfield Infrastructure are expected to be lower than the second half.
Earnings Whispers?
Our proven model does not conclusively show that Brookfield Infrastructure Partners is likely to beat estimates this quarter. That is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), #2 (Buy) or #3 (Hold) for this to happen. But that is not the case here, as you will see below.
Zacks ESP: Earnings ESP, which represents the difference between the Most Accurate estimate – here it’s $1.03 – and the Zacks Consensus Estimate – here it’s $1.03 - is 0.00%.
Zacks Rank: Brookfield Infrastructure’s Zacks Rank #3 increases the possibility of a beat, but the 0.00% ESP makes it unlikely that this will see fruition this season.
As it is, we caution against stocks with a Zacks Rank #4 and #5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
BROOKFIELD INFR Price and EPS Surprise
BROOKFIELD INFR Price and EPS Surprise | BROOKFIELD INFR Quote
Stocks to Consider
Instead, here are a few players in the electric power industry that have the right combination of elements to post an earnings beat this quarter.
Dominion Resources Inc. (D - Free Report) has an earnings ESP of +1.43% and a Zacks Rank #3. It is expected to report second-quarter earnings on Aug 3.
Duke Energy Corporation (DUK - Free Report) has an earnings ESP of +2.00% and a Zacks Rank #3. It is expected to report second-quarter earnings on Aug 4.
Exelon Corporation (EXC - Free Report) has an earnings ESP of +1.79% and a Zacks Rank #3. It is expected to report second-quarter earnings on Aug 3.
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 >>