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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 first-quarter 2020 earnings on May 6, before market open.
Notably, the company delivered a positive earnings surprise of 7.14% in the last reported quarter.
Let’s discuss the factors that are likely to get reflected in the upcoming quarterly results.
Factors to Consider
First-quarter results are likely to reflect the positive impacts of new electric and gas rates, effective from December 2019 and January 2020.
Decline in sales volume in commercial and industrial businesses due to the outbreak of COVID-19 is likely have impacted the company’s first-quarter performance. However, higher expected contribution in the first quarter from the residential customers due to the stay-at-home trend might have offset lower sales in other customer classes.
The Zacks Consensus Estimate for first-quarter 2020 sales is pegged at $1.95 billion, which indicates an increase of 5.05% from the year-ago quarter’s figure. The Zacks Consensus Estimate for first-quarter earnings per share is pegged at 80 cents per share, which indicates a decline of 2.44% from the year-ago quarter’s reported figure.
What Our Quantitative Model Predicts
Our proven model doesn’t conclusively predict an 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
Here are some companies worth considering from the same sector that have the right combination of elements to beat on earnings in the upcoming releases.
Spire Inc. (SR - Free Report) is set to release first-quarter 2020 numbers on May 8. It has an Earnings ESP of +0.17% and carries a Zacks Rank #3.
Algonquin Power & Utilities Corp. (AQN - Free Report) is scheduled to release first-quarter results on May 7. It has an Earnings ESP of +1.59% and a Zacks Rank #2.
Consolidated Edison Inc (ED - Free Report) is scheduled to release first-quarter results on May 7. It has an Earnings ESP of +0.52% and a Zacks Rank #3
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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.
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What's in the Cards for NiSource (NI) This Earnings Season?
NiSource, Inc (NI - Free Report) is scheduled to release first-quarter 2020 earnings on May 6, before market open.
Notably, the company delivered a positive earnings surprise of 7.14% in the last reported quarter.
Let’s discuss the factors that are likely to get reflected in the upcoming quarterly results.
Factors to Consider
First-quarter results are likely to reflect the positive impacts of new electric and gas rates, effective from December 2019 and January 2020.
Decline in sales volume in commercial and industrial businesses due to the outbreak of COVID-19 is likely have impacted the company’s first-quarter performance. However, higher expected contribution in the first quarter from the residential customers due to the stay-at-home trend might have offset lower sales in other customer classes.
NiSource, Inc Price and EPS Surprise
NiSource, Inc price-eps-surprise | NiSource, Inc Quote
Q1 Expectations
The Zacks Consensus Estimate for first-quarter 2020 sales is pegged at $1.95 billion, which indicates an increase of 5.05% from the year-ago quarter’s figure. The Zacks Consensus Estimate for first-quarter earnings per share is pegged at 80 cents per share, which indicates a decline of 2.44% from the year-ago quarter’s reported figure.
What Our Quantitative Model Predicts
Our proven model doesn’t conclusively predict an 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
Here are some companies worth considering from the same sector that have the right combination of elements to beat on earnings in the upcoming releases.
Spire Inc. (SR - Free Report) is set to release first-quarter 2020 numbers on May 8. It has an Earnings ESP of +0.17% and carries a Zacks Rank #3.
Algonquin Power & Utilities Corp. (AQN - Free Report) is scheduled to release first-quarter results on May 7. It has an Earnings ESP of +1.59% and a Zacks Rank #2.
Consolidated Edison Inc (ED - Free Report) is scheduled to release first-quarter results on May 7. It has an Earnings ESP of +0.52% and a Zacks Rank #3
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>>