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

NiSource

01/11/2023 13:32

* NiSource Inc  NI.N  reported quarterly adjusted earnings
of 19
cents​​ per share for the quarter ended in September, higher
than the same quarter last year, when the company reported EPS
of 10 cents.  The mean expectation of nine analysts for the
quarter was for earnings of 16 cents per share. Wall Street
expected results to range from 10 cents to 18 cents per share.
    * Revenue fell 5.7% to $1.03 billion from a year ago;
analysts
expected $1.08 billion. 
    * NiSource Inc's reported EPS for the quarter was 17 cents​.
    * The company reported quarterly net income of $77 million.
    * NiSource Inc shares had risen by 1.9% this quarter and
lost 8.2%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 43.5%
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," 1
"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
$30.00 
This summary was machine generated from LSEG data November 1 at
01:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2022      0.48           0.50           Beat