Back to top

NiSource's (NI) Q2 Earnings Miss Estimates, Decline Y/Y

Read MoreHide Full Article

NiSource Inc (NI - Free Report) reported second-quarter 2018 operating earnings of 7 cents per share, missing the Zacks Consensus Estimate of 9 cents by 22.2%. Earnings declined 30% from the year-ago quarter’s tally.

Highlights of the Release

NiSource is on track to invest $1.7-$1.8 billion in its utility infrastructure capital programs in 2018.

On Apr 25, 2018, the Public Utilities Commission of Ohio (PUCO) approved Columbia Gas of Ohio's (COH) annual Infrastructure Replacement Program tracker adjustment. Cost recovery of nearly $207 million of infrastructure investments made in 2017 began from the May billing cycle.

NIPSCO's two major electric transmission projects — Greentown-Reynolds and Reynolds-Topeka — were completed and placed into service in June 2018.

NiSource, Inc Price, Consensus and EPS Surprise

Zacks Rank

NiSource carries a Zacks Rank #3 (Hold).

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Utility Releases

DTE Energy (DTE - Free Report) reported second-quarter 2018 operating earnings per share of $1.36, which outpaced the Zacks Consensus Estimate of $1.11 by 22.5%.

American Electric Power (AEP - Free Report) reported second-quarter 2018 adjusted earnings per share (EPS) of $1.01, beating the Zacks Consensus Estimate of 88 cents by 14.8%.

NextEra Energy (NEE - Free Report) reported second-quarter 2018 adjusted earnings of $2.11 per share, beating the Zacks Consensus Estimate of $2.07 by 1.93%

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>>



More from Zacks Analyst Blog

You May Like