We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
NiSource (NI) to Post Q2 Earnings: What's in the Cards?
Read MoreHide Full Article
NiSource Inc. (NI - Free Report) is scheduled to release second-quarter 2019 results on Jul 31, before the opening bell. In the trailing four quarters, the company delivered an average positive earnings surprise of 13.41%.
Let’s see how things are shaping up prior to the upcoming results.
Here's What Could Drive Results
NiSource continues to invest in infrastructure improvement and aims to spend $1.6-$1.7 billion in 2019. Since the company recovers 75% of infrastructure investments in less than 12 months, it is expected that expenditures made in the past year will yield returns in the to-be-reported quarter.
The company continues to progress with its electric generation strategy in Indiana. It received approval for Columbia Gas of Ohio IRP Annual Rider Update and Columbia Gas of Massachusetts Gas System Enhancement Plan in the quarter to be reported. The new rates are effective from May 2019 and expected to make positive impact on second-quarter results.
However, expenses related to the Greater Lawrence restoration are likely to exert pressure on the upcoming quarterly results. OnSeptember 2018, excessive pressure on natural gas lines caused a series of explosions and fires that damaged nearly 40 homes in the Merrimack Valley towns of Lawrence, MA. Since the damage resulted from pipelines owned by one of NI Source's subsidiaries, the company had to take responsibility and incur expenditures for recovery.
Q2 Expectations
The Zacks Consensus Estimate for second-quarter 2019 sales is pegged at $1.06 billion, indicating a rise of 5.57% from the year-ago quarter’s reported figure. The Zacks Consensus Estimate for second-quarter earnings per share is pegged at 5 cents, which suggests a decline of 28.57% year over year.
Our proven model does not show that NiSource is likely to beat earnings estimates in the quarter to be reported. For this to happen, a stock needs to have a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). You can see the complete list of today’s Zacks #1 Rank stocks here.
Earnings ESP: The company has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: NiSource currently carries a Zacks Rank #3.
We caution against Sell-rated stocks (#4 or 5) going into the earnings announcement, especially when the company is witnessing negative estimate revisions.
Stocks to Consider
Investors can also consider stocks from the same industry, which have the right combination of elements to post an earnings beat in the to-be-reported quarter.
Entergy Corp (ETR - Free Report) has an Earnings ESP of +1.40% and a Zacks Rank #2. The company is expected to release second-quarter 2019 results on Jul 31.
Black Hills Corporation (BKH - Free Report) has an Earnings ESP of +0.75% and a Zacks Rank #3. The company is likely to report second-quarter 2019 results on Aug 5.
The Southern Company (SO - Free Report) has an Earnings ESP of +0.46% and a Zacks Rank #3. The company is expected to release second-quarter 2019 results on Jul 31.
This Could Be the Fastest Way to Grow Wealth in 2019
Research indicates one sector is poised to deliver a crop of the best-performing stocks you'll find anywhere in the market. Breaking news in this space frequently creates quick double- and triple-digit profit opportunities.
These companies are changing the world – and owning their stocks could transform your portfolio in 2019 and beyond. Recent trades from this sector have generated +98%, +119% and +164% gains in as little as 1 month.
Image: Bigstock
NiSource (NI) to Post Q2 Earnings: What's in the Cards?
NiSource Inc. (NI - Free Report) is scheduled to release second-quarter 2019 results on Jul 31, before the opening bell. In the trailing four quarters, the company delivered an average positive earnings surprise of 13.41%.
Let’s see how things are shaping up prior to the upcoming results.
Here's What Could Drive Results
NiSource continues to invest in infrastructure improvement and aims to spend $1.6-$1.7 billion in 2019. Since the company recovers 75% of infrastructure investments in less than 12 months, it is expected that expenditures made in the past year will yield returns in the to-be-reported quarter.
The company continues to progress with its electric generation strategy in Indiana. It received approval for Columbia Gas of Ohio IRP Annual Rider Update and Columbia Gas of Massachusetts Gas System Enhancement Plan in the quarter to be reported. The new rates are effective from May 2019 and expected to make positive impact on second-quarter results.
However, expenses related to the Greater Lawrence restoration are likely to exert pressure on the upcoming quarterly results. OnSeptember 2018, excessive pressure on natural gas lines caused a series of explosions and fires that damaged nearly 40 homes in the Merrimack Valley towns of Lawrence, MA. Since the damage resulted from pipelines owned by one of NI Source's subsidiaries, the company had to take responsibility and incur expenditures for recovery.
Q2 Expectations
The Zacks Consensus Estimate for second-quarter 2019 sales is pegged at $1.06 billion, indicating a rise of 5.57% from the year-ago quarter’s reported figure. The Zacks Consensus Estimate for second-quarter earnings per share is pegged at 5 cents, which suggests a decline of 28.57% year over year.
NiSource, Inc Price and EPS Surprise
NiSource, Inc price-eps-surprise | NiSource, Inc Quote
Earnings Whispers
Our proven model does not show that NiSource is likely to beat earnings estimates in the quarter to be reported. For this to happen, a stock needs to have a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). You can see the complete list of today’s Zacks #1 Rank stocks here.
Earnings ESP: The company has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: NiSource currently carries a Zacks Rank #3.
We caution against Sell-rated stocks (#4 or 5) going into the earnings announcement, especially when the company is witnessing negative estimate revisions.
Stocks to Consider
Investors can also consider stocks from the same industry, which have the right combination of elements to post an earnings beat in the to-be-reported quarter.
Entergy Corp (ETR - Free Report) has an Earnings ESP of +1.40% and a Zacks Rank #2. The company is expected to release second-quarter 2019 results on Jul 31.
Black Hills Corporation (BKH - Free Report) has an Earnings ESP of +0.75% and a Zacks Rank #3. The company is likely to report second-quarter 2019 results on Aug 5.
The Southern Company (SO - Free Report) has an Earnings ESP of +0.46% and a Zacks Rank #3. The company is expected to release second-quarter 2019 results on Jul 31.
This Could Be the Fastest Way to Grow Wealth in 2019
Research indicates one sector is poised to deliver a crop of the best-performing stocks you'll find anywhere in the market. Breaking news in this space frequently creates quick double- and triple-digit profit opportunities.
These companies are changing the world – and owning their stocks could transform your portfolio in 2019 and beyond. Recent trades from this sector have generated +98%, +119% and +164% gains in as little as 1 month.
Click here to see these breakthrough stocks now >>