Back to top

NiSource (NI) Misses Q2 Earnings Estimates, Plans On track

Read MoreHide Full Article

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 2018 Zacks Consensus Estimate of 9 cents per share which decreased  by 25% in the last 90 days.

Coming to the earnings surprise, NiSource has surpassed the Zacks Consensus Estimate in one out of the last four quarters, resulting in an overall positive average surprise of 0.78%.

NiSource, Inc Price and EPS Surprise

Zacks Rank: Currently, NiSource has a Zacks Rank #3 (Hold) but that could change following its second quarter 2018 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’s second-quarter 2018 operating earnings of 7 cents per share, missed the Zacks Consensus Estimate of 9 cents by 22.2%.

Key Stats to Note: NiSource is on track to invest $1.7 to $1.8 billion to strength its utility infrastructure in 2018.

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!

Looking for Stocks with Skyrocketing Upside?

Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.

Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.

See the pot trades we're targeting>>




In-Depth Zacks Research for the Tickers Above


Normally $25 each - click below to receive one report FREE:


NiSource, Inc (NI) - free report >>

More from Zacks Tale of the Tape

You May Like