NiSource Inc reports results for the quarter ended in January 1 - Earnings Summary

NiSource

30/10/2024 15:11

* NiSource Inc  NI.N  reported quarterly adjusted earnings
of 20
cents​​ per share for the quarter ended January 1, higher than
the same quarter last year, when the company reported EPS of 19
cents.  The mean expectation of twelve analysts for the quarter
was for earnings of 16 cents per share. Wall Street expected
results to range from 12 cents to 20 cents per share.
    * Revenue rose 4.8% to $1.08 billion from a year ago;
analysts
expected $1.15 billion. 
    * NiSource Inc's reported EPS for the quarter was 19 cents​.
    * The company reported quarterly net income of $85.7
million.
    * NiSource Inc shares had fallen by 0.7% this quarter and
gained 29.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 6.4%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 14 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the multiline
utilities
peer group is also "buy"

Wall Street's median 12-month price target for NiSource Inc is
38.00 
This summary was machine generated from LSEG data October 30 at
03:11 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
 Sep. 30 2024      0.16           0.20           Beat
 Jun. 30 2024      0.17           0.21           Beat
 Mar. 31 2024      0.82           0.85           Beat
 Dec. 31 2023      0.54           0.53           Missed