NiSource Inc reports results for the quarter ended in December - Earnings Summary

NiSource

21/02/2024 14:31

* NiSource Inc  NI.N  reported quarterly adjusted earnings
of 53
cents​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of 50
cents.  The mean expectation of ten analysts for the quarter was
for earnings of 54 cents per share. Wall Street expected
results to range from 51 cents to 74 cents per share.
    * Revenue fell 16.6% to $1.42 billion from a year ago;
analysts
expected $1.69 billion. 
    * NiSource Inc's reported EPS for the quarter was 50 cents​.
    * The company reported quarterly net income of $225.6
million.
    * NiSource Inc shares had fallen by 2.0% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4.7%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 13 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for NiSource
Inc is
$29.00 

This summary was machine generated from LSEG data February 21 at
02:30 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.54           0.53           Missed
 Sep. 30 2023      0.16           0.19           Beat
 Jun. 30 2023      0.11           0.11           Met
 Mar. 31 2023      0.75           0.77           Beat