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NiSource (NI) Beats Q1 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.
Estimate Trend & Surprise History
Investors should note that the first quarter 2017 Zacks Consensus Estimate has increased from 61 cent to 65 cents, over the last 90 days.
We have mentioned below some of the vital information from this just-revealed announcement:
Earnings: NiSource earnings for first quarter 2017 beat estimates. Our consensus called for first-quarter EPS of 65 cents, and the company reported EPS of 71 cents.
Revenue: NiSource surpassed the revenue estimates. The company posted revenues of $1,598.6 million, compared to our first-quarter consensus estimate of $1,508 million.
Key Stats to Note: NiSource remains on track to complete $1.6 to $1.7 billion utility infrastructure investments in 2017.
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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Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge. With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
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NiSource (NI) Beats Q1 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.
Estimate Trend & Surprise History
Investors should note that the first quarter 2017 Zacks Consensus Estimate has increased from 61 cent to 65 cents, over the last 90 days.
Zacks Rank: Currently, NiSource has a Zacks Rank #2 (Buy) but that could change following its first quarter 2017 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 earnings for first quarter 2017 beat estimates. Our consensus called for first-quarter EPS of 65 cents, and the company reported EPS of 71 cents.
NiSource, Inc Price and EPS Surprise
NiSource, Inc Price and EPS Surprise | NiSource, Inc Quote
Revenue: NiSource surpassed the revenue estimates. The company posted revenues of $1,598.6 million, compared to our first-quarter consensus estimate of $1,508 million.
Key Stats to Note: NiSource remains on track to complete $1.6 to $1.7 billion utility infrastructure investments in 2017.
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!
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>