NiSource Inc. Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component NiSource, Inc. (NYSE:NI) will unveil its latest earnings on Friday, October 28, 2011. NiSource 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 profit of 10 cents per share, a rise of more than twofold 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 8 cents. Between one and three months ago, the average estimate moved up. It has risen from 9 cents during the last month. For the year, analysts are projecting net income of $1.33 per share, a rise of 9.9% from last year.

Past Earnings Performance: The company topped estimates last quarter after missing forecasts the quarter prior. In the second quarter, it reported profit of 17 cents per share against a mean estimate of net income of 14 cents per share. In the first quarter, it missed forecasts by one cent.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 5% in revenue from the year-earlier quarter to $1.05 billion.

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

A Look Back: In the second quarter, profit rose 38.4% to $38.9 million (14 cents a share) from $28.1 million (10 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 4.9% to $1.23 billion from $1.17 billion.

Key Stats:

A year-over-year revenue increase in the second quarter snapped a streak of two consecutive quarters of revenue declines. Revenue fell 5.3% in the first quarter and 24.3% in the fourth quarter of the last fiscal year.

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 July 29, 2011 to October 24, 2011, the stock price had risen $2.79 (13.9%) from $20.13 to $22.92. 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 July 21, 2011 and August 1, 2011 when shares fell for eight-straight days, falling 4.3% (-91 cents) over that span. Shares are up $5.91 (+34.7%) year to date.

(Source: Xignite Financials)

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