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NiSource (NI) Reports Q4 Earnings: What Key Metrics Have to Say
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For the quarter ended December 2023, NiSource (NI - Free Report) reported revenue of $1.42 billion, down 16.6% over the same period last year. EPS came in at $0.53, compared to $0.50 in the year-ago quarter.
The reported revenue represents a surprise of -10.33% over the Zacks Consensus Estimate of $1.59 billion. With the consensus EPS estimate being $0.52, the EPS surprise was +1.92%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how NiSource performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenues- Electric operations [$M]: $424.10 million versus $496.28 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -5.3% change.
Revenues- Gas distribution operations [$M]: $1 billion compared to the $1.09 billion average estimate based on two analysts. The reported number represents a change of -20.6% year over year.
Operating Income- Electric Operations: $71.40 million versus the two-analyst average estimate of $134.99 million.
Operating Income- Gas Distribution: $287.40 million versus the two-analyst average estimate of $297.89 million.
Shares of NiSource have returned +1.3% over the past month versus the Zacks S&P 500 composite's +3% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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NiSource (NI) Reports Q4 Earnings: What Key Metrics Have to Say
For the quarter ended December 2023, NiSource (NI - Free Report) reported revenue of $1.42 billion, down 16.6% over the same period last year. EPS came in at $0.53, compared to $0.50 in the year-ago quarter.
The reported revenue represents a surprise of -10.33% over the Zacks Consensus Estimate of $1.59 billion. With the consensus EPS estimate being $0.52, the EPS surprise was +1.92%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how NiSource performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenues- Electric operations [$M]: $424.10 million versus $496.28 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -5.3% change.
- Revenues- Gas distribution operations [$M]: $1 billion compared to the $1.09 billion average estimate based on two analysts. The reported number represents a change of -20.6% year over year.
- Operating Income- Electric Operations: $71.40 million versus the two-analyst average estimate of $134.99 million.
- Operating Income- Gas Distribution: $287.40 million versus the two-analyst average estimate of $297.89 million.
View all Key Company Metrics for NiSource here>>>Shares of NiSource have returned +1.3% over the past month versus the Zacks S&P 500 composite's +3% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.