NiSource, Inc (NYSE:NI) provider of natural gas and electricity, is expected to report third quarter earnings results, before market open, on Monday 2nd November 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.03 per share from revenue of $ 1007.89 million.
Looking ahead, the full year income are expected at $ 1.29 per share on the revenues of $ 5257.97 million.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 1.36 ~ $ 1.40 per share
Click Here For More Historical Outlooks Of NiSource, Inc
Previous Quarter Performance
NiSource, Inc disclosed income for the second quarter of $ 0.13 per share, from the revenue of $ 957.40 million. The quarterly earnings grew 160.00 percent while revenues shrunk 5.25 percent compared with the same quarter last year.
According to street consensus, NI was expected to report 2Q20 income of $ 0.08 per share from revenue of $ 1084.19 million. The bottom line results beat street analysts by $ 0.05 or 62.50 percent, at the same time, top line results fell short of analysts by $ 126.79 million or 11.69 percent.
Stock Performance
On Friday, shares of NiSource, Inc has traded high as $ 23.12 and has cracked $ 22.65 on the downward trend, reaching $ 22.97 with volume of 3.60 million shares.
According to the previous trading day, closing price of $ 22.97, representing a 17.38 % increase from the 52 week low of $ 19.56 and a 24.62 % decrease over the 52 week high of $ 30.46.
The company has a market capital of $ 8.80 billion and is part of the Utilities sector and Utilities – Regulated Gas industry.
Recent Analyst recommendations
- On 23rd September 2020, upgraded by Jefferies Financial Group to Buy from Hold rating.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.21 per share on August 11, 2020. The dividend were payable on November 20, 2020 to holders of record as of the close of business on October 30, 2020 and ex-dividend date on October 29, 2020.
Conference Call
NiSource, Inc will be hosting a conference call at 11:00 AM eastern time on 2nd November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.nisource.com
NiSource Inc., an energy holding company, operates as a regulated natural gas and electric utility company in the United States. The company operates in two segments, Gas Distribution Operations and Electric Operations. It provides natural gas service and transportation for residential, commercial, and industrial customers; generates, transmits, and distributes electricity; and wholesale and transmission transaction services.
