NiSource (NI) to Report Second-Quarter Results: What’s Coming?

NiSource Inc. NI’s second quarter 2022 financial results will be published on August 3, before the market opens. In the last quarter, NiSource had a negative earnings surprise of 1.3%.

Let’s see how the situation develops before the upcoming financial results announcement.

Factors to consider

New gas and electricity rates across various units this year are expected to boost NiSource’s future earnings. Economic growth in NI’s service areas and investment in organic projects are likely to boost second-quarter results. However, inflationary cost pressures may have offset some of the second-quarter gains.

Expectations

The Zacks Consensus Estimate for second-quarter 2022 earnings per share is estimated at 13 cents, which would be comparable to the prior-year quarter.

The Zacks Consensus Estimate for second-quarter 2022 revenues is projected at $1.12 billion, up 13.3% from the figure reported in the same quarter a year ago.

What our quantitative model predicts

Our proven model does not clearly predict a profit beat for NiSource this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold) increases the chances of an earnings beat, which is not the case here, as you will see below.

NiSource, Inc Price and EPS Surprise

NiSource, Inc price-eps-surprise | NiSource, Inc quote

ESP revenues:NiSource has an Earnings ESP of -23.08%. You can discover the best stocks to buy or sell before they are published by using our Earnings ESP Filter.

Zacks Rank: NI is currently sporting a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.

Stocks to consider

Investors can consider the following players from the same industry that have the right combination of elements to beat earnings this reporting cycle.

WEC Energy Group WEC is likely to outperform when it releases its second-quarter earnings before the market open on August 2. WEC Energy has an Earnings ESP of +0.08% and currently has a Zacks Rank of #2. WEC’s long-term (three-to-five year) earnings growth is forecast at 6.1%.

DTE Energy DTE is likely to outperform when it releases its second-quarter results on July 28 before the market open. DTE Energy has an Earnings ESP of +3.41% and currently has a Zacks Rank of #3. DTE’s long-term earnings growth is forecast at 6%.

Entergia company ETR is likely to outperform when it reports second-quarter earnings on Aug. 3 before the market opens. Entergy has an Earnings ESP of +0.35% and is currently sporting a Zacks Rank #3. ETR’s long-term earnings growth is forecast at 6.7%.

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