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What's in the Cards for NiSource (NI) This Earnings Season?

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NiSource, Inc (NI - Free Report) is scheduled to release third-quarter 2019 earnings on Oct 30, before market open.

Notably, the company delivered an average positive earnings surprise of 18.97% in the last four quarters.

Factors to Consider

At the end of the second quarter as well as the third quarter, NiSource’s new electric and gas rates were put into effect in different service territories. Hence, the rates are likely to have made an impact on the company’s third-quarter performance.

However, increased expenses related to safety enhancement programs may have had an adverse effect during the to-be-reported quarter.

Q3 Expectations

The Zacks Consensus Estimate for third-quarter 2019 sales is pegged at $939.83 million, which indicates a rise of 5.01% from the year-ago quarter’s figure. The Zacks Consensus Estimate for third-quarter earnings per share is pegged at 4 cents per share, which calls for year-over-year fall of 60%.

NiSource, Inc Price and EPS Surprise

 

NiSource, Inc Price and EPS Surprise

NiSource, Inc price-eps-surprise | NiSource, Inc Quote

 

What Our Quantitative Model Predicts

Our proven model doesn’t conclusively predict earnings beat for NiSource this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. That is not the case here as you will see below. You can see the complete list of today’s Zacks #1 Rank stocks here.

Earnings ESP: The company’s Earnings ESP is 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Zacks Rank: Currently, NiSource carries a Zacks Rank #3.

Stocks to Consider

Investors can consider the following players from the same industry that have the right combination of elements to post an earnings beat in the to-be-reported quarter.

Pinnacle West Capital Corporation (PNW - Free Report) is slated to release third-quarter 2019 results on Nov 7. It has an Earnings ESP of +2.02% and a Zacks Rank #3.

Entergy Corporation (ETR - Free Report) is set to release third-quarter 2019 numbers on Oct 30. It has an Earnings ESP of +2.04% and carries a Zacks Rank #3.

Vistra Energy Corporation (VST - Free Report) is scheduled to release third-quarter 2019 results on Nov 5. It has an Earnings ESP of +6.55% and a Zacks Rank #2.

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