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What Awaits Brookfield Infrastructure (BIP) in Q1 Earnings?

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Brookfield Infrastructure Partners L.P. (BIP - Free Report) is set to release first-quarter 2020 results on May 8, before the opening bell. In the last reported quarter, the company delivered a positive earnings surprise of 2.4%.

Let’s discuss the factors that are likely to get reflected in the upcoming quarterly results.

Factors to Note

Brookfield Infrastructure has been consistently expanding its position through acquisition of high-growth businesses. In the last reported quarter, it completed the acquisition of a U.K.-based independent wireless infrastructure company. The benefits from this acquisition are expected to reflect on the firm’s first-quarter results.

Courtesy of systematic investments in capital projects, the company has been registering strong organic growth.

Q1 Expectations

The Zacks Consensus Estimate for first-quarter earnings is pegged at 82 cents per unit, which suggests a surge of 1,740% from the prior-year reported number.

Earnings Whispers

Our proven model doesn’t conclusively predict an earnings beat for Brookfield Infrastructure 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. But that’s not the case here.

Earnings ESP: The firm’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: Brookfield Infrastructure carries a Zacks Rank #3.

Stocks to Consider

Here some companies that you may consider from the same sector as these have the right combination of elements to post an earnings beat in the to-be-reported quarter.

Algonquin Power & Utilities Corp. (AQN - Free Report) is set to release first-quarter 2020 numbers on May 7, after market close. It has an Earnings ESP of +1.59% and carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.

New Jersey Resources (NJR - Free Report) is scheduled to release second-quarter fiscal 2020 results on May 8. It has an Earnings ESP of +3.86% and a Zacks Rank #3.

Spire Inc. (SR - Free Report) is scheduled to release second-quarter fiscal 2020 results on May 8. It has an Earnings ESP of +0.17% and a Zacks Rank #3.

5 Stocks Set to Double

Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.

Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.

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