| Will NiSource's (NI) Q3 Earnings Disappoint Yet Again? | |
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NiSource Inc. NI will release third-quarter 2015 financial results before the market bell on Nov 3. The company reported a negative earnings surprise of 18.18% in the previous quarter. Let’s see how things are shaping up prior to this announcement.
Factors to Consider
NiSource’s assets are located in an energy-intensive region extending from the Gulf Coast to the Midwest, Mid-Atlantic, New England and Northeast, which consumes nearly 31% of the nation’s natural gas.
However, ongoing weakness in the prices of natural gas will impact the end results, even if the company maintains its natural gas sale volume of the prior year.
NiSource has chalked out a long-term plan to invest consistently in its utility operations. It looks forward to investing in excess of $30 billion over the next 20 years.
Earnings Whispers
Our proven model does not conclusively show that NiSource is likely to beat earnings this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. That is not the case here.
Zacks ESP: NiSource has an Earnings ESP of 0.00% as the Most Accurate estimate and the Zacks Consensus Estimate are both pegged at 2 cents.
Zacks Rank: NiSource’s Zacks Rank #3 increases the predictive power of ESP. However, the company’s.0.00% ESP makes an earnings surprise call uncertain this season.
Meanwhile, we caution against stocks with a Zacks Rank #4 or 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Stocks to Consider
Here are a few operators in the electric utility space worth considering on the basis of our model, which shows that they have the right combination of elements to post an earnings beat this quarter:
Ameren Corp. AEE has an Earnings ESP of +1.53% and a Zacks Rank #2.
WEC Energy Group, Inc. WEC has an Earnings ESP of +3.39% and a Zacks Rank #3.
Duke Energy Corp. DUK has an Earnings ESP of +0.66% and a Zacks Rank #3.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NISOURCE INC (NI): Free Stock Analysis Report AMEREN CORP (AEE): Free Stock Analysis Report WEC ENERGY GRP (WEC): Free Stock Analysis Report DUKE ENERGY CP (DUK): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
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Nisource Inc.
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CODE : NI |
ISIN : US65473P1057 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Nisource est une société développant des projet miniers basée aux Etats-Unis D'Amerique. Nisource est cotée aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 11,5 milliards US$ (10,3 milliards €). La valeur de son action a atteint son plus bas niveau récent le 04 janvier 1985 à 0,56 US$, et son plus haut niveau récent le 20 septembre 2024 à 34,01 US$. Nisource possède 337 410 827 actions en circulation. |