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Brookfield Infrastructure (BIP) Q2 Earnings: What's in Store?

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Brookfield Infrastructure Partners L.P. (BIP - Free Report) is set to report second-quarter 2018 results on Aug 2, before market opens. In the last reported quarter, the company reported a negative earnings surprise of 1.16%.

Let’s see how things are holding up prior to the announcement.

Factors to Consider

The Zacks Consensus Estimate for second-quarter 2018 earnings per unit is pegged at 76 cents. The projected figure reflects a sequential increase of 81%. The estimate reflects an improvement from the year-ago-quarter’s loss of 6 cents

 The company’s Transport operations in South America continued to benefit from improving macroeconomic conditions. We expected the improvement to continue and get reflected in the upcoming quarterly results. The company is poised to benefit from rising traffic levels on completed road projects.

Brookfield Infrastructure Partners LP Price and EPS Surprise

Earnings Whispers

Our proven model does not show that Brookfield Infrastructure is likely to beat estimates in the upcoming quarterly results. That is because a stock needs to have a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Earnings ESP: Earnings ESP, which represents the difference between the Most Accurate Estimate and the Zacks Consensus Estimate, is 0.00%.

Zacks Rank: Brookfield Infrastructure has a Zacks Rank #2, which when combined with 0.00% ESP makes earnings beat uncertain.

We caution against stocks with a Zacks Rank #4 and 5 (Sell rated) going into the earnings announcement, especially when the company is seeing negative estimate revisions.

Stocks to Consider

Here are some companies from the industry that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this quarter.

Alliant Energy Corp. (LNT - Free Report) is expected to release second-quarter results on Aug 2. It has an Earnings ESP of +1.10% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.

CenterPoint Energy, Inc. (CNP - Free Report) is anticipated to release second-quarter results on Aug 3. It has an Earnings ESP of +0.93% and carries a Zacks Rank #2.

Dominion Energy Inc. (D - Free Report) is expected to release second-quarter results on Aug 1. It has an Earnings ESP of +0.84% and a Zacks Rank #2.

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