NiSource Inc.'s (NI) systematic investment plans to modernize infrastructure should further enhance the reliability of its operations. The company continues to add clean assets to its portfolio, which helps boost its overall performance. Given its growth opportunities, NiSource makes for a solid investment option in the utility sector. Let's focus on the factors that make this Zacks Rank #2 (Buy) company a strong investment pick at the moment. Growth Projections & Surprise History The Zacks Consensus Estima ...

Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus. While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend ...

NiSource (NI) reported second-quarter 2024 operating earnings per share (EPS) of 21 cents, which surpassed the Zacks Consensus Estimate of 15 cents by 40%. The bottom line increased 90.9% from the year-ago quarter's recorded figure of 11 cents. On a GAAP basis, the company reported an EPS of 19 cents compared with 9 cents in the prior-year quarter. Total Revenues Operating revenues of $1.08 billion missed the Zacks Consensus Estimate of $1.16 billion by 6.8%. The top line also decreased 0.9% from the prior- ...

Core Insights - NiSource (NI) reported quarterly earnings of $0.21 per share, exceeding the Zacks Consensus Estimate of $0.15 per share, and showing an increase from $0.11 per share a year ago, representing a 40% earnings surprise [1] - The company posted revenues of $1.08 billion for the quarter ended June 2024, which was 6.83% below the Zacks Consensus Estimate and slightly down from $1.09 billion year-over-year [2] - NiSource has consistently surpassed consensus EPS estimates over the last four quarters, but has not beaten revenue estimates during the same period [2] Company Performance - NiSource shares have increased approximately 16.5% since the beginning of the year, outperforming the S&P 500's gain of 9.9% [3] - The current consensus EPS estimate for the upcoming quarter is $0.15 on revenues of $1.11 billion, while the estimate for the current fiscal year is $1.72 on revenues of $5.48 billion [7] Industry Outlook - The Utility - Electric Power industry, to which NiSource belongs, is currently ranked in the top 37% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact NiSource's stock performance [5][6]

However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects, makes it pretty easy to find cuttingedge growth stocks. Earnings Growth Cash Flow Growth While investors should actually consider the current cash flow growth, it's worth taking a look at the historical rate too for putting the current reading into proper perspective. The company's annualized cash flow growth rate has been 9.4% over ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider NiSource (NI) . This company, which is in the Zacks Utility - Electric Power industry, shows potential for another earnings beat. When looking at the last two reports, this energy holding company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 3.43%, on average, in the last tw ...

Core Viewpoint - The article emphasizes the importance of identifying stocks with strong price trends and solid fundamentals for successful short-term investing, highlighting NiSource (NI) as a potential candidate for trend investors. Group 1: Stock Performance - NiSource (NI) has shown a solid price increase of 8.9% over the past 12 weeks, indicating investor willingness to pay more for its potential upside [3] - The stock is currently trading at 97.6% of its 52-week high-low range, suggesting it may be on the verge of a breakout [4] - Over the past four weeks, NI has experienced a price increase of 9.3%, confirming that the upward trend is still intact [10] Group 2: Fundamental Strength - NiSource carries a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises [11] - The stock has an Average Broker Recommendation of 1 (Strong Buy), indicating high optimism from the brokerage community regarding its near-term price performance [12] Group 3: Investment Strategy - The "Recent Price Strength" screen is a useful tool for investors to identify stocks like NI that are on an uptrend supported by strong fundamentals [2] - The Zacks Rank stock-rating system has a proven track record, with Zacks Rank 1 stocks generating an average annual return of +25% since 1988, suggesting that NI's price trend may continue [5]

NiSource Inc. (NI) and its subsidiaries provide natural gas, electricity, and other products and services in the United States. Its long-term capital expenditure plans and strategic investments for expansion in clean energy will boost the performance of the company. NiSource is working on a long-term utility infrastructure modernization program. The company aims to invest in the range of $3.3-$3.5 billion for 2024. It also expects to invest approximately $16.4 billion during 2024- 2028. NiSource is set to r ...

Core Insights - The Zacks Rank and Style Scores provide a comprehensive framework for investors to identify stocks with high potential for market outperformance, particularly focusing on earnings estimate revisions and various investment styles [11][12][19]. Investment Framework - The Zacks Rank utilizes earnings estimate revisions to help investors build successful portfolios, with a strong emphasis on stocks rated 1 (Strong Buy) and 2 (Buy) [11][5]. - The Zacks Style Scores categorize stocks based on value, growth, and momentum characteristics, assigning ratings from A to F, where A indicates the highest potential for outperformance [9][24]. Style Scores Breakdown - The Value Style Score identifies attractive stocks based on financial ratios like P/E and Price/Cash Flow, appealing to value investors [16]. - The Growth Style Score focuses on a company's future prospects, analyzing projected earnings and cash flow to find sustainable growth opportunities [3]. - The Momentum Style Score helps investors capitalize on price trends, using metrics like weekly price changes and monthly earnings estimate shifts [10]. Company Spotlight: NiSource Inc. - NiSource Inc. is highlighted as a potential growth investment, holding a Growth Style Score of B and forecasting a year-over-year earnings growth of 6.9% for the current fiscal year [7]. - The company has a Zacks Rank of 3 (Hold) and a VGM Score of B, indicating a solid position among its peers [14][15]. - Recent analyst revisions have increased the earnings estimate for NiSource to $1.71 per share for fiscal 2024, with an average earnings surprise of 6.8% [21]. Market Context - The Zacks Rank has demonstrated historical success, with 1 stocks achieving an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [5]. - There are over 800 top-rated stocks available, making it essential for investors to strategically select those with favorable Zacks Ranks and Style Scores [18][25].

NiSource Inc.'s (NI) consistent investments to strengthen its existing infrastructure, stable returns from regulated assets and cost-saving initiatives should boost its earnings. The company's focus on clean energy helps to enhance its overall performance. Tailwinds However, this Zacks Rank #3 (Hold) company faces risks related to any delay in the completion of projects and weather fluctuations. NiSource is working on a long-term utility infrastructure modernization program. The company expects investments ...