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NiSource (NI) Misses Q4 Earnings and Revenue Estimates
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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’s consistent investments will further strengthen its infrastructure. The company plans to invest nearly $1.5 billion in planned utility infrastructure investments in 2016 and 2017 each and has identified long-term infrastructure investments worth $30 billion.
Estimate Trend & Surprise History
Investors should note that the fourth quarter earnings estimate of 34 cents has been flat over the past 60 days.
We have mentioned below some of the vital information from this just-revealed announcement:
Earnings: NiSource missed fourth quarter 2016 earnings estimates. Our consensus called for fourth-quarter EPS of 34 cents, and the company reported EPS of 33 cents.
Revenue: NiSource missed the revenue estimates. The company posted revenues of $863.6 million, compared to our fourth-quarter consensus estimate of $1,138 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) Misses Q4 Earnings and Revenue Estimates
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’s consistent investments will further strengthen its infrastructure. The company plans to invest nearly $1.5 billion in planned utility infrastructure investments in 2016 and 2017 each and has identified long-term infrastructure investments worth $30 billion.
Estimate Trend & Surprise History
Investors should note that the fourth quarter earnings estimate of 34 cents has been flat over the past 60 days.
Zacks Rank: Currently, NiSource has a Zacks Rank #4 (Sell) but that could change following its fourth quarter 2016 earnings report which has just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have mentioned below some of the vital information from this just-revealed announcement:
Earnings: NiSource missed fourth quarter 2016 earnings estimates. Our consensus called for fourth-quarter EPS of 34 cents, and the company reported EPS of 33 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 $863.6 million, compared to our fourth-quarter consensus estimate of $1,138 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!
Zacks’ Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Click here for Zacks' private trades >>