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NiSource (NI) Misses Q2 Earnings and Revenue Estimates - Tale of the Tape

Zacks Equity Research
Updated

NiSource Inc. (NI) is an energy holding company. The Merrillville, IN-based firm is engaged in natural gas transmission, storage and distribution, and electric generation, transmission and distribution business.

NiSource’s stable cash generating capacity, steady focus on regulated utility operations and systematic investments in infrastructure modernization and expansion projects will likely boost its future performance. In addition, the company’s practice of paying dividend is commendable.

However, volatility in commodities prices and stringent environmental regulation remain potential setbacks.

Estimate Trend & Surprise History

Investors should note that the recent earnings estimate for NiSource has moved down by 3 cents over the past 30 days. The company currently has a Zacks Rank #5 (Strong Sell).

Coming to the earnings surprise, NiSource has surpassed the Zacks Consensus Estimate in just one of the last four quarters making for an average negative surprise of 2.69%.

Going further things could definitely change given the company’s recently released earnings results. Going below we have mentioned some of the vital information from this just-revealed announcement:

Earnings: NiSource missed the second quarter 2015 earnings estimates. Our consensus called for second-quarter EPS of 22 cents, and the company reported EPS of 18 cents.

Revenue: NiSource also missed on the revenue estimates. The company posted revenues of $1,175.8 million, compared to our second-quarter consensus estimate of $1,600 million.

Key Stats to Note: In the second quarter, NiSource’s Gas Distribution sales decreased 7.5% to 183.1 MMDth. The company’s sales from Electric Operations also declined 6.7% to 3,976.5 gigawatt hours.

Check back later for our full write up on this NI earnings report later!

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NISOURCE INC (NI): Free Stock Analysis Report
 
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Zacks Investment Research