NiSource Inc. (NI - Free Report) is an energy holding company. The Merrillville, IN-based firm is engaged in natural gas transmission, storage and distribution, and electric generation, transmission and distribution business.
NiSource’s stable cash generating capacity, steady focus on regulated utility operations and systematic investments in infrastructure modernization and expansion projects will likely boost its future performance. In addition, the company’s practice of paying dividend is commendable.
Estimate Trend & Surprise History
Investors should note that the second quarter 2017 Zacks Consensus Estimate has increased from 9 cent to 10 cents, over the last 30 days.
Zacks Rank: Currently, NiSource has a Zacks Rank #2 (Buy) but that could change following its second quarter 2017 earnings report which has just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have mentioned below some of the vital information from this just-revealed announcement:
Earnings: NiSource earnings of 10 cents for second quarter 2017 were in line with the Zacks Consensus estimates.
Key Stats to Note: NiSource remains on track to complete $1.6 to $1.7 billion utility infrastructure investments in 2017.
Stock Price: It would be interesting to see how the market reacts to the earnings release during the trading session today.
Check back later for our full write up on this NI earnings report later!
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