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

NiSource

07/08/2024 14:51

* NiSource Inc  NI.N  reported quarterly adjusted earnings
of 21
cents​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of 11
cents.  The mean expectation of ten analysts for the quarter was
for earnings of 16 cents per share. Wall Street expected
results to range from 11 cents to 19 cents per share.
    * Revenue fell 0.5% to $1.08 billion from a year ago;
analysts
expected $1.16 billion. 
    * NiSource Inc's reported EPS for the quarter was 19 cents​.
    * The company reported quarterly net income of $85.8
million.
    * NiSource Inc shares had risen by 7.4% this quarter and
gained 16.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 10.5%
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 11 "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
$32.00 
This summary was machine generated from LSEG data August 7 at
01:51 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
 Jun. 30 2024      0.16           0.21           Beat
 Mar. 31 2024      0.83           0.85           Beat
 Dec. 31 2023      0.54           0.53           Missed
 Sep. 30 2023      0.16           0.19           Beat