NiSource, Inc. Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component NiSource, Inc. (NYSE:NI) will unveil its latest earnings on Tuesday, August 2, 2011. NiSource Inc. is an energy holding company that provides natural gas, electricity and other products and services to customers in the U.S.

NiSource, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 14 cents per share, a rise of 7.7% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 13 cents. Between one and three months ago, the average estimate was unchanged, but has risen during the last month. For the year, analysts are projecting profit of $1.33 per share, a rise of 9.9% from last year.

Past Earnings Performance: The company fell short of estimates last quarter after being in line with forecasts the quarter prior. In the first quarter, it reported net income of 71 cents per share versus a mean estimate of 72 cents. Two quarters ago, it reported profit of 34 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $1.27 billion in revenue this quarter, a rise of 8.5% from the year ago quarter. Analysts are forecasting total revenue of $6.41 billion for the year, a rise of 10.1% from last year’s revenue of $5.82 billion.

Analyst Ratings: Analysts seem relatively indifferent about NiSource with 11 of 11 analysts surveyed maintaining a hold rating.

Key Stats:

Revenue has fallen in the past two quarters. In first quarter, revenue declined 5.3% to $2.23 billion from the year earlier quarter. In the fourth quarter of the last fiscal year, the figure fell 24.3%.

Competitors to Watch: Ameren Corporation (NYSE:AEE), CenterPoint Energy, Inc. (NYSE:CNP), Unitil Corporation (NYSE:UTL), Dominion Resources, Inc. (NYSE:D), NorthWestern Corporation (NYSE:NWE), Consolidated Edison, Inc. (NYSE:ED), E.ON AG (EONGY), CMS Energy Corporation (NYSE:CMS), Sempra Energy (NYSE:SRE), and Integrys Energy Group, Inc. (NYSE:TEG).

Stock Price Performance: During May 2, 2011 to July 27, 2011, the stock price had risen $1.06 (5.5%) from $19.30 to $20.36. The stock price saw one of its best stretches over the last year between April 19, 2011 and May 4, 2011 when shares rose for 11-straight days, rising 6.8% (+$1.25) over that span. It saw one of its worst periods between November 5, 2010 and November 12, 2010 when shares fell for six-straight days, falling 2.5% (-43 cents) over that span. Shares are up $3.35 (+19.7%) year to date.

(Source: Xignite Financials)

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