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NiSource (NI) Q1 Earnings In-line, Files for Rate Hike
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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 2018 Zacks Consensus Estimate of 77 cents has increased by a penny, over the last 60 days.
Coming to the earnings surprise, NiSource has surpassed the Zacks Consensus Estimate in one out of the last four quarters, resulting in an overall positive average surprise of 0.8%.
We have mentioned below some of the vital information from this just-revealed announcement:
Earnings: NiSource earnings of 77 cents for first quarter 2018 were in-line with the Zacks Consensus Estimate of 77 cents.
Key Stats to Note: NiSource is on track to invest $1.7 to $1.8 billion to strength its utility infrastructure in 2018. Rate hike application were filed in different Commissions to recoup investment and continue with its infrastructure strengthening activities.
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!
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.
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NiSource (NI) Q1 Earnings In-line, Files for Rate Hike
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 2018 Zacks Consensus Estimate of 77 cents has increased by a penny, over the last 60 days.
Coming to the earnings surprise, NiSource has surpassed the Zacks Consensus Estimate in one out of the last four quarters, resulting in an overall positive average surprise of 0.8%.
NiSource, Inc Price and EPS Surprise
NiSource, Inc Price and EPS Surprise | NiSource, Inc Quote
Zacks Rank: Currently, NiSource has a Zacks Rank #3 (Hold) but that could change following its first quarter 2018 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 of 77 cents for first quarter 2018 were in-line with the Zacks Consensus Estimate of 77 cents.
Key Stats to Note: NiSource is on track to invest $1.7 to $1.8 billion to strength its utility infrastructure in 2018. Rate hike application were filed in different Commissions to recoup investment and continue with its infrastructure strengthening activities.
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!
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>>