NiSource's Q4 Earnings Forecast Shows Mixed Signals

NiSource anticipates a Q4 EPS of $0.47, reflecting an 11.3% drop from previous year. With a solid past performance, expectations for fiscal 2024 EPS rise to $1.73, up 8.1%. Analyst sentiment remains optimistic, despite some mixed signals.

Date: 24-01-2025

AI Rating: 6

Earnings Per Share (EPS)
The projected EPS of $0.47 for Q4 indicates an 11.3% decline from $0.53 a year earlier. Despite this drop, the company has a commendable history of exceeding Wall Street estimates, as illustrated by its previous quarter's EPS of $0.20, which beat forecasts by 42.9%.

Fiscal 2024 Outlook
For fiscal 2024, analysts expect an EPS increase to $1.73, representing an 8.1% growth from the $1.60 recorded in fiscal 2023. This optimistic projection could positively influence investor sentiment.

Stock Performance
Over the past 52 weeks, NiSource shares have surged 47.6%, outpacing both the S&P 500 Index and the Utilities Select Sector SPDR Fund. This impressive stock performance is a strong indicator of market confidence in the company.

Full-Year 2024 Guidance
NiSource reaffirmed its fiscal 2024 earnings guidance within the band of $1.70 - $1.74 per share. This guidance is slightly below market expectations, which could impact investor perception negatively.

Analyst Ratings
The strong

Stocks: NI