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Brookfield Infrastructure (BIP) Q4 Earnings: What's in Store?

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Brookfield Infrastructure Partners L.P. (BIP - Free Report) is set to report fourth-quarter 2017 results on Feb 9, before the market opens. In the last quarter, the company reported a negative earnings surprise of 1.22%.

Let’s see how things are holding up for the fourth quarter.

Factors to Consider

One of the objectives of this partnership is to earn attractive return on its rate base. In 2017, Brookfield Infrastructure expanded its rate base through the acquisition of regulated gas transmission business in Brazil, new connection in the U.K. regulated distribution business and addition of 11 projects in Chilean transmission system. We expect the benefits from these developments to get reflected in the company’s upcoming quarterly results.

Moreover, improving economic conditions led to higher traffic volumes and tariff increases, which in turn are likely to drive the partnership’s performance in fourth-quarter 2017.

Earnings Whispers

Our proven model does not show that Brookfield Infrastructure is likely to beat estimates this quarter. That is because a stock needs to have a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter .

Zacks ESP: Earnings ESP, which represents the difference between the Most Accurate estimate and the Zacks Consensus Estimate, is 0.00%.

Zacks Rank: Brookfield Infrastructure has a Zacks Rank #3, which combined with 0.00% ESP makes earnings beat uncertain.

We caution against stocks with a Zacks Rank #4 and 5 (Sell rated) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
 

 

Stocks to Consider

Here are some companies from the industry that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this quarter.

Exelon (EXC - Free Report) is expected to release fourth-quarter 2017 results on Feb 7. The company has an Earnings ESP of +0.88% and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.

Ni Source (NI - Free Report) is expected to release fourth-quarter 2017 results on Feb 20. The company has an Earnings ESP of +1.45% and a Zacks Rank #3.

Dynegy is expected to release fourth-quarter 2017 results on Feb 22. The company has an Earnings ESP of +22.35% and a Zacks Rank #3.

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