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NiSource's (NI) Earnings and Revenues Miss Estimates in Q1
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NiSource Inc (NI - Free Report) delivered operating earnings of 76 cents per share in first-quarter 2020, which missed the Zacks Consensus Estimate of 80 cents by 5%. Earnings fell 7.3% from the year-ago quarter’s tally.
On a GAAP basis, the company reported earnings of 16 cents compared with 55 cents in the year-ago quarter.
Total Revenues
NiSource generated total net revenues of $1,631.8 million in the first quarter, which missed the Zacks Consensus Estimate of $1,953 million by 16.4%. Revenues declined 12.2% from $1,858.9 million reported in the year-ago quarter.
Highlights of the Release
Total operating expenses in the quarter under review fell 14.1% year over year to $1,169.1 million.
Total interest expenses in the reported quarter declined 2.8% from the prior-year quarter’s figure to $92.9 million.
The first quarter financial results of the company were minimally affected by COVID-19. However, it has lowered 2020 CapEx by $100 million.
NiSource's cash and cash equivalents as of Mar 31, 2020 were $203.8 million, up from $139.3 million as of Dec 31, 2019.
Long-term debts (excluding amounts due within a year) as of Mar 31 were $7,817.9 million compared with $ 7,856.2 million as of Dec 31, 2019.
Net cash provided from operating activities in the first quarter of 2020 was $369.9 million compared with $399.1 million activities in the first quarter of 2019.
Zacks Rank
NiSource currently carries a Zacks Rank #3 (Hold).
FirstEnergy Corporation (FE - Free Report) delivered first-quarter 2020 operating earnings of 66 cents per share, which beat the Zacks Consensus Estimate of 64 cents by 3.13%.
NextEra Energy (NEE - Free Report) reported first-quarter 2020 adjusted earnings of $2.38 per share, which surpassed the Zacks Consensus Estimate of $2.21 by 7.7%.
CMS Energy Corporation (CMS - Free Report) reported first-quarter 2020 adjusted earnings per share of 86 cents, which surpassed the Zacks Consensus Estimate of 77 cents by 11.7%.
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NiSource's (NI) Earnings and Revenues Miss Estimates in Q1
NiSource Inc (NI - Free Report) delivered operating earnings of 76 cents per share in first-quarter 2020, which missed the Zacks Consensus Estimate of 80 cents by 5%. Earnings fell 7.3% from the year-ago quarter’s tally.
On a GAAP basis, the company reported earnings of 16 cents compared with 55 cents in the year-ago quarter.
Total Revenues
NiSource generated total net revenues of $1,631.8 million in the first quarter, which missed the Zacks Consensus Estimate of $1,953 million by 16.4%. Revenues declined 12.2% from $1,858.9 million reported in the year-ago quarter.
Highlights of the Release
Total operating expenses in the quarter under review fell 14.1% year over year to $1,169.1 million.
Total interest expenses in the reported quarter declined 2.8% from the prior-year quarter’s figure to $92.9 million.
The first quarter financial results of the company were minimally affected by COVID-19. However, it has lowered 2020 CapEx by $100 million.
NiSource, Inc Price, Consensus and EPS Surprise
NiSource, Inc price-consensus-eps-surprise-chart | NiSource, Inc Quote
Financial Update
NiSource's cash and cash equivalents as of Mar 31, 2020 were $203.8 million, up from $139.3 million as of Dec 31, 2019.
Long-term debts (excluding amounts due within a year) as of Mar 31 were $7,817.9 million compared with $ 7,856.2 million as of Dec 31, 2019.
Net cash provided from operating activities in the first quarter of 2020 was $369.9 million compared with $399.1 million activities in the first quarter of 2019.
Zacks Rank
NiSource currently carries a Zacks Rank #3 (Hold).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Other Utility Releases
FirstEnergy Corporation (FE - Free Report) delivered first-quarter 2020 operating earnings of 66 cents per share, which beat the Zacks Consensus Estimate of 64 cents by 3.13%.
NextEra Energy (NEE - Free Report) reported first-quarter 2020 adjusted earnings of $2.38 per share, which surpassed the Zacks Consensus Estimate of $2.21 by 7.7%.
CMS Energy Corporation (CMS - Free Report) reported first-quarter 2020 adjusted earnings per share of 86 cents, which surpassed the Zacks Consensus Estimate of 77 cents by 11.7%.
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Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2019, while the S&P 500 gained and impressive +53.6%, five of our strategies returned +65.8%, +97.1%, +118.0%, +175.7% and even +186.7%.
This outperformance has not just been a recent phenomenon. From 2000 – 2019, while the S&P averaged +6.0% per year, our top strategies averaged up to +54.7% per year.
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