NiSource Inc. (NI - Free Report) reported break-even earnings in third-quarter 2019. The Zacks Consensus Estimate for earnings was pegged at 4 cents per share. In the year-ago quarter, the company delivered earnings of 10 cents.
On a GAAP basis, NiSource reported a loss of 2 cents.
Guidance
For 2019, NiSource reaffirmed its 2019 earnings per share (EPS) in the range of $1.27-$1.33, whose midpoint of $1.30 is in line with the current Zacks Consensus Estimate. The company currently expects capital investment in the range of $1.7-$1.8 billion.
For 2020, the company expects to make capital investments in the range of $1.7-$1.8 billion and deliver earnings in the band of $1.36-$1.40. Also, the company expects non-GAAP EPS and dividend growth of 5-7% annually. It also expects to make capital investments of $1.7-$2.0 billion each year through 2022.
Zacks Rank
NiSource has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Other Utility Releases
NextEra Energy, Inc (NEE - Free Report) reported third-quarter 2019 adjusted earnings of $2.39 per share, which beat the Zacks Consensus Estimate of $2.27 by 5.3%.
Xcel Energy Inc (XEL - Free Report) posted third-quarter 2019 operating earnings of $1.01 per share, which lagged the Zacks Consensus Estimate of $1.05 by 3.8%.
American Electric Power Co., Inc (AEP - Free Report) reported third-quarter 2019 adjusted earnings of $1.46 per share, which surpassed the Zacks Consensus Estimate of $1.30 by 12.3%.
Today's Best Stocks from Zacks
Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2018, while the S&P 500 gained +15.8%, five of our screens returned +38.0%, +61.3%, +61.6%, +68.1%, and +98.3%.
This outperformance has not just been a recent phenomenon. From 2000 – 2018, while the S&P averaged +4.8% per year, our top strategies averaged up to +56.2% per year.
See their latest picks free >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
NiSource Inc. (NI - Free Report) reported break-even earnings in third-quarter 2019. The Zacks Consensus Estimate for earnings was pegged at 4 cents per share. In the year-ago quarter, the company delivered earnings of 10 cents.
On a GAAP basis, NiSource reported a loss of 2 cents.
Guidance
For 2019, NiSource reaffirmed its 2019 earnings per share (EPS) in the range of $1.27-$1.33, whose midpoint of $1.30 is in line with the current Zacks Consensus Estimate. The company currently expects capital investment in the range of $1.7-$1.8 billion.
For 2020, the company expects to make capital investments in the range of $1.7-$1.8 billion and deliver earnings in the band of $1.36-$1.40. Also, the company expects non-GAAP EPS and dividend growth of 5-7% annually. It also expects to make capital investments of $1.7-$2.0 billion each year through 2022.
Zacks Rank
NiSource has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Other Utility Releases
NextEra Energy, Inc (NEE - Free Report) reported third-quarter 2019 adjusted earnings of $2.39 per share, which beat the Zacks Consensus Estimate of $2.27 by 5.3%.
Xcel Energy Inc (XEL - Free Report) posted third-quarter 2019 operating earnings of $1.01 per share, which lagged the Zacks Consensus Estimate of $1.05 by 3.8%.
American Electric Power Co., Inc (AEP - Free Report) reported third-quarter 2019 adjusted earnings of $1.46 per share, which surpassed the Zacks Consensus Estimate of $1.30 by 12.3%.
Today's Best Stocks from Zacks
Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2018, while the S&P 500 gained +15.8%, five of our screens returned +38.0%, +61.3%, +61.6%, +68.1%, and +98.3%.
This outperformance has not just been a recent phenomenon. From 2000 – 2018, while the S&P averaged +4.8% per year, our top strategies averaged up to +56.2% per year.
See their latest picks free >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Get the latest research report on XEL - FREE
Get the latest research report on NEE - FREE
Get the latest research report on NI - FREE
Get the latest research report on AEP - FREE