NiSource Inc. (NI - Free Report) is scheduled to release third-quarter 2023 earnings on Nov 1, before the market opens. In the last reported quarter, the company reported a negative earnings surprise of 15.4%.
Factors to Note
NiSource’s third-quarter earnings are likely to have benefited from the new electric and gas rates and the capital investment programs. The company’s cost-saving initiatives and lower operation and maintenance (O&M) expenses are expected to have boosted the company’s margins.
NiSource’s third-quarter earnings are likely to have been affected by high interest rates and fluctuations in the price of energy commodities.
Expectations
The Zacks Consensus Estimate for third-quarter earnings is pegged at 14 cents per share, indicating an increase of 40% from the year-ago reported figure. The consensus mark for revenues is pegged at $1.06 billion, indicating a year-over-year decrease of 3%.
The Zacks Consensus Estimate for revenues from electric operations is pegged at $443.44 million, down 14.1% from the year-ago quarter figure. The Zacks Consensus Estimate for revenues from gas distribution operations stands at $614.88 million, up 6.8% from the previous-year quarter figure.
What Our Quantitative Model Predicts
Our proven model does predict an earnings beat for NiSource this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. That is the case here, as you will see below. You can see the complete list of today's Zacks #1 Rank stocks here.
4 Oil Stocks with Massive Upsides
Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
Zacks Investment Research has just released an urgent special report to help you bank on this trend.
In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations.
Download your free report now to see them.
NiSource Inc. (NI - Free Report) is scheduled to release third-quarter 2023 earnings on Nov 1, before the market opens. In the last reported quarter, the company reported a negative earnings surprise of 15.4%.
Factors to Note
NiSource’s third-quarter earnings are likely to have benefited from the new electric and gas rates and the capital investment programs. The company’s cost-saving initiatives and lower operation and maintenance (O&M) expenses are expected to have boosted the company’s margins.
NiSource’s third-quarter earnings are likely to have been affected by high interest rates and fluctuations in the price of energy commodities.
Expectations
The Zacks Consensus Estimate for third-quarter earnings is pegged at 14 cents per share, indicating an increase of 40% from the year-ago reported figure. The consensus mark for revenues is pegged at $1.06 billion, indicating a year-over-year decrease of 3%.
The Zacks Consensus Estimate for revenues from electric operations is pegged at $443.44 million, down 14.1% from the year-ago quarter figure. The Zacks Consensus Estimate for revenues from gas distribution operations stands at $614.88 million, up 6.8% from the previous-year quarter figure.
What Our Quantitative Model Predicts
Our proven model does predict an earnings beat for NiSource this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. That is the case here, as you will see below. You can see the complete list of today's Zacks #1 Rank stocks here.
4 Oil Stocks with Massive Upsides
Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
Zacks Investment Research has just released an urgent special report to help you bank on this trend.
In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations.
Download your free report now to see them.
Get the latest research report on NI - FREE
Get the latest research report on ETR - FREE
Get the latest research report on ED - FREE
Get the latest research report on TAC - FREE