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Will NiSource (NI) Gain From Debt Financings in Q1 Earnings?
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NiSource Inc. (NI - Free Report) is scheduled to release first-quarter 2018 earnings results on May 2, before the opening bell. In the last reported quarter, the company delivered a positive earnings surprise of 3.13%.
Let’s how things are shaping up for this utility prior to the earnings announcement.
Factors to Consider
NiSource has a 100% regulated utility business model. More than 75% of its capital investments begin earnings in less than 12 months and the company will gain from the investments made in first-quarter 2017.
For the to-be-reported quarter, the Zacks Consensus Estimate for NiSource’s revenues is pegged at $1,659 million, reflecting a year-over-year increase of 3.8%. Earnings estimates of 77 cents reflect a jump of 18.5% year-over-year.
The company refinanced $1 billion of long-term debts at more favorable rates, which will lower its capital costs. Also, expansion in gas customer base will have a positive impact on demand.
According to our proven model, a stock needs to have the right combination of two key ingredients — a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) — to beat estimates. However, NiSource does not have the correct combination for an earnings beat as elaborated below.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks ESP: The company’s Earnings ESP is -0.39%.
Zacks Rank: NiSource carries a Zacks Rank #3. The company’s favorable Zacks Rank when combined with the negative ESP makes an earnings beat unlikely this season.
Conversely, we caution against stocks with a Zacks Rank #4 or 5 (Sell rated) going into the earnings announcement, especially when the company is witnessing negative estimate revisions.
Stocks to Consider
NiSource does not have the right combination but there are few other companies in the industry that are likely to post a beat this earnings season.
WEC Energy Group, Inc. (WEC - Free Report) has an Earnings ESP of +0.58%. It carries Zacks Rank #2 and is anticipated to report first-quarter 2018 earnings on May 1.
Hawaiian Electric Industries Inc. (HE - Free Report) has an Earnings ESP of +0.91%. The company has a Zacks Rank #2 and is expected to report first-quarter 2018 earnings on May 4.
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Will NiSource (NI) Gain From Debt Financings in Q1 Earnings?
NiSource Inc. (NI - Free Report) is scheduled to release first-quarter 2018 earnings results on May 2, before the opening bell. In the last reported quarter, the company delivered a positive earnings surprise of 3.13%.
Let’s how things are shaping up for this utility prior to the earnings announcement.
Factors to Consider
NiSource has a 100% regulated utility business model. More than 75% of its capital investments begin earnings in less than 12 months and the company will gain from the investments made in first-quarter 2017.
For the to-be-reported quarter, the Zacks Consensus Estimate for NiSource’s revenues is pegged at $1,659 million, reflecting a year-over-year increase of 3.8%. Earnings estimates of 77 cents reflect a jump of 18.5% year-over-year.
The company refinanced $1 billion of long-term debts at more favorable rates, which will lower its capital costs. Also, expansion in gas customer base will have a positive impact on demand.
NiSource, Inc Price and EPS Surprise
NiSource, Inc Price and EPS Surprise | NiSource, Inc Quote
Earnings Whispers
According to our proven model, a stock needs to have the right combination of two key ingredients — a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) — to beat estimates. However, NiSource does not have the correct combination for an earnings beat as elaborated below.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks ESP: The company’s Earnings ESP is -0.39%.
Zacks Rank: NiSource carries a Zacks Rank #3. The company’s favorable Zacks Rank when combined with the negative ESP makes an earnings beat unlikely this season.
Conversely, we caution against stocks with a Zacks Rank #4 or 5 (Sell rated) going into the earnings announcement, especially when the company is witnessing negative estimate revisions.
Stocks to Consider
NiSource does not have the right combination but there are few other companies in the industry that are likely to post a beat this earnings season.
IDACORP Inc. (IDA - Free Report) has an Earnings ESP of +3.35%. It has a Zacks Rank #2 and is expected to report first-quarter 2018 earnings on May 3. You can see the complete list of today’s Zacks #1 Rank stocks here.
WEC Energy Group, Inc. (WEC - Free Report) has an Earnings ESP of +0.58%. It carries Zacks Rank #2 and is anticipated to report first-quarter 2018 earnings on May 1.
Hawaiian Electric Industries Inc. (HE - Free Report) has an Earnings ESP of +0.91%. The company has a Zacks Rank #2 and is expected to report first-quarter 2018 earnings on May 4.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>