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Brookfield Infrastructure (BIP) Q3 Earnings: What's in Store?
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Brookfield Infrastructure Partners L.P. (BIP - Free Report) is set to report third-quarter 2018 results on Nov 2, before market opens. In the last reported quarter, the company reported a negative earnings surprise of 1.32%.
Let’s see how things are holding up prior to the announcement.
Factors to Consider
In the second quarter, the company closed an acquisition of a controlling interest in Gas Natural Colombia, which is the second largest gas distribution network in the country. The partnership expects a positive impact of the acquisition on the Colombian businesses. In addition, favorable developments are also expected to boost Australian rail business.
The partnership projects annual maintenance expenditure for utility, transport, energy and data infrastructure segment in the range of $210-$240 million. It also anticipates growing cash flow based on these investments coupled with the strong backlog.
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 +0.70%.
Zacks Rank: Brookfield Infrastructure has a Zacks Rank #5 (Strong Sell), which when combined with +0.70% ESP makes earnings beat uncertain.
Brookfield Infrastructure Partners LP Price and EPS Surprise
We caution against stocks with a Zacks Rank #4 (Sell) or 5 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.
Dominion Energy Inc. (D - Free Report) is expected to release third-quarter 2018 results on Nov 1. It has an Earnings ESP of +2.22% and a Zacks Rank #2.
Alliant Energy Corp. (LNT - Free Report) is expected to release third-quarter 2018 results on Nov 6. It has an Earnings ESP of +1.19% and a Zacks Rank #3.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
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Brookfield Infrastructure (BIP) Q3 Earnings: What's in Store?
Brookfield Infrastructure Partners L.P. (BIP - Free Report) is set to report third-quarter 2018 results on Nov 2, before market opens. In the last reported quarter, the company reported a negative earnings surprise of 1.32%.
Let’s see how things are holding up prior to the announcement.
Factors to Consider
In the second quarter, the company closed an acquisition of a controlling interest in Gas Natural Colombia, which is the second largest gas distribution network in the country. The partnership expects a positive impact of the acquisition on the Colombian businesses. In addition, favorable developments are also expected to boost Australian rail business.
The partnership projects annual maintenance expenditure for utility, transport, energy and data infrastructure segment in the range of $210-$240 million. It also anticipates growing cash flow based on these investments coupled with the strong backlog.
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 +0.70%.
Zacks Rank: Brookfield Infrastructure has a Zacks Rank #5 (Strong Sell), which when combined with +0.70% ESP makes earnings beat uncertain.
Brookfield Infrastructure Partners LP Price and EPS Surprise
Brookfield Infrastructure Partners LP Price and EPS Surprise | Brookfield Infrastructure Partners LP Quote
We caution against stocks with a Zacks Rank #4 (Sell) or 5 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.
Ameren Corp. (AEE - Free Report) is expected to release third-quarter 2018 results on Oct 31. It has an Earnings ESP of +8.65% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Dominion Energy Inc. (D - Free Report) is expected to release third-quarter 2018 results on Nov 1. It has an Earnings ESP of +2.22% and a Zacks Rank #2.
Alliant Energy Corp. (LNT - Free Report) is expected to release third-quarter 2018 results on Nov 6. It has an Earnings ESP of +1.19% and a Zacks Rank #3.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>