Nisource Earnings: Here’s Why Shares are Up Now
Nisource Inc. (NYSE:NI) delivered a profit and met Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 0.13%.
Nisource Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share were the same at $0.23 in the quarter as EPS of $0.23 in the year-earlier quarter.
Revenue: Rose 14.66% to $1.2 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Nisource Inc. reported adjusted EPS income of $0.23 per share. By that measure, the company met the mean analyst estimate of $0.23. It beat the average revenue estimate of $1.07 billion.
Quoting Management: “Through steady, consistent execution on NiSource’s infrastructure-focused investment strategy, our team delivered second quarter results solidly in line with our expectations and consistent with our full-year earnings guidance of $1.50 to $1.60 per share (non-GAAP),” President and Chief Executive Officer Robert C. Skaggs, Jr. said. “We continue to deliver on an expanding array of customer, regulatory and growth initiatives across our business units.”
Key Stats (on next page)…
EPS decreased 66.67% from $0.69 in the previous quarter.
Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.15 and has not changed. For the current year, the average estimate is a profit of $1.55, which is the same with that ninety days ago.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)