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

NiSource

02/08/2023 14:31

* NiSource Inc  NI.N  reported quarterly adjusted earnings
of 11
cents​​ per share for the quarter ended in June. The mean
expectation of nine analysts for the quarter was for earnings of
11 cents per share.
    * Revenue fell 7.9% to $1.09 billion from a year ago;
analysts
expected $1.12 billion. 
    * NiSource Inc's reported EPS for the quarter was 9 cents​.
    * The mean earnings estimate of analysts had fallen by
about 29.8%
in the last three months.​ 
    * In the last 30 days, five analysts negatively revised
earnings
estimates 
    * NiSource Inc shares had risen by 0.5% this quarter and
gained 0.2% so far this year.
    * The company reported quarterly net income of $39.9
million.
    * Wall Street's median 12-month price target for NiSource
Inc is
$31.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 2 at 01:31 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.11           0.11           Met
 Mar. 31 2023      0.75           0.77           Beat
 Dec. 31 2022      0.48           0.50           Beat
 Sep. 30 2022      0.11           0.10           Missed