Back to top

Image: Bigstock

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

Read MoreHide Full Article

Brookfield Infrastructure Partners L.P. (BIP - Free Report) is set to report fourth-quarter 2018 results on Feb 6, before market opens. In the last reported quarter, the company reported negative earnings surprise of 1.39%.

Let’s see how things are holding up prior to the announcement.

Factors to Consider

The Zacks Consensus Estimate for fourth-quarter 2018 earnings per unit is pegged at 81 cents. The projected figure reflects year-over-year increase of 125%.

The partnership's bottom line continued to benefit from solid organic growth, higher volumes delivered through its transport and energy networks as well as startup of new projects.

Rising customer base and the acquisition of controlling stake in Gas Natural Colombia is likely to have a positive impact on the partnership's earnings.

 

Earnings Whispers

Our proven model does not show that Brookfield Infrastructure is likely to beat estimates in the upcoming quarterly results. 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.

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

Zacks Rank: The partnership carries a Zacks Rank #3, which when combined with 0.00% ESP makes earnings beat uncertain. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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

Investors may consider the following companies from the same industry that have the right combination of elements to beat estimates in the quarter to be reported:

Ameren Corporation (AEE - Free Report) has an Earnings ESP of +1.68% and a Zacks Rank #1. The company is expected to release fourth-quarter 2018 earnings on Feb 14.

ALLETE Inc (ALE - Free Report) has an Earnings ESP of +5.26% and carries a Zacks Rank #2. The company is slated to report fourth-quarter 2018 results on Feb 14.

Portland General Electric Company (POR - Free Report) has an Earnings ESP of +4.19% and a Zacks Rank #1. The company is expected to release fourth-quarter 2018 numbers on Feb 15.

More Stock News: This Is Bigger than the iPhone!

It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.

Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.

Click here for the 6 trades >>

Published in