We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
NiSource (NI) to Report Q2 Earnings: What's in the Cards?
Read MoreHide Full Article
NiSource Inc. (NI - Free Report) is scheduled to release second-quarter 2023 earnings on Aug 2, before market open. In the last reported quarter, the company’s earnings were on par with expectations.
Factors to Note
NiSource’s second-quarter earnings are likely to have benefited from the new electric and gas rates that came into effect in the first half of this year.
The company’s regulated assets, efficient capital investment recovery mechanism and strong balance sheet are expected to have boosted the company’s margins.
NiSource’s second-quarter earnings are likely to have been affected by high interest rates and fluctuations in weather conditions.
Expectations
The Zacks Consensus Estimate for second-quarter earnings is pegged at 13 cents per share, indicating an increase of 8.3% from the year-ago reported figure. The consensus mark for revenues is pegged at $1.16 billion, indicating a year-over-year decrease of 2.2%.
The Zacks Consensus Estimate for revenues from electric operations is pegged at $414.72 million, down 10.7% from the previous quarter’s figure. The Zacks Consensus Estimate for revenues from gas distribution operations stands at $751.76 million, down 50% from the previous quarter’s figure.
What Our Quantitative Model Predicts
Our proven model does not conclusively 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 not the case here, as you will see below. You can see the complete list of today's Zacks #1 Rank stocks here.
Earnings ESP: The company’s Earnings ESP is 0.00%.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Currently, NiSource carries a Zacks Rank #2.
Stocks to Consider
Investors can consider the following players from the same industry that have the right combination of elements to post an earnings beat for the to-be-reported quarter.
ALLETE Inc. (ALE - Free Report) is set to report second-quarter 2023 results on Aug 8 before the market opens. It has an Earnings ESP of +2.56% and a Zacks Rank of 3, at present.
Public Service Enterprise Group Inc. (PEG - Free Report) is set to report second-quarter 2023 results on Aug 1, before the market opens. It has an Earnings ESP of +0.66% and a Zacks Rank of 2.
Eversource Energy (ES - Free Report) is set to report second-quarter 2023 results on Jul 31 after the market closes. It has an Earnings ESP of +0.91% and a Zacks Rank of 3, at present.
Image: Bigstock
NiSource (NI) to Report Q2 Earnings: What's in the Cards?
NiSource Inc. (NI - Free Report) is scheduled to release second-quarter 2023 earnings on Aug 2, before market open. In the last reported quarter, the company’s earnings were on par with expectations.
Factors to Note
NiSource’s second-quarter earnings are likely to have benefited from the new electric and gas rates that came into effect in the first half of this year.
The company’s regulated assets, efficient capital investment recovery mechanism and strong balance sheet are expected to have boosted the company’s margins.
NiSource’s second-quarter earnings are likely to have been affected by high interest rates and fluctuations in weather conditions.
Expectations
The Zacks Consensus Estimate for second-quarter earnings is pegged at 13 cents per share, indicating an increase of 8.3% from the year-ago reported figure. The consensus mark for revenues is pegged at $1.16 billion, indicating a year-over-year decrease of 2.2%.
The Zacks Consensus Estimate for revenues from electric operations is pegged at $414.72 million, down 10.7% from the previous quarter’s figure. The Zacks Consensus Estimate for revenues from gas distribution operations stands at $751.76 million, down 50% from the previous quarter’s figure.
What Our Quantitative Model Predicts
Our proven model does not conclusively 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 not the case here, as you will see below. You can see the complete list of today's Zacks #1 Rank stocks here.
NiSource, Inc Price and EPS Surprise
NiSource, Inc price-eps-surprise | NiSource, Inc Quote
Earnings ESP: The company’s Earnings ESP is 0.00%.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Currently, NiSource carries a Zacks Rank #2.
Stocks to Consider
Investors can consider the following players from the same industry that have the right combination of elements to post an earnings beat for the to-be-reported quarter.
ALLETE Inc. (ALE - Free Report) is set to report second-quarter 2023 results on Aug 8 before the market opens. It has an Earnings ESP of +2.56% and a Zacks Rank of 3, at present.
Public Service Enterprise Group Inc. (PEG - Free Report) is set to report second-quarter 2023 results on Aug 1, before the market opens. It has an Earnings ESP of +0.66% and a Zacks Rank of 2.
Eversource Energy (ES - Free Report) is set to report second-quarter 2023 results on Jul 31 after the market closes. It has an Earnings ESP of +0.91% and a Zacks Rank of 3, at present.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.