NiSource Q4 Adj. EPS $0.53 Misses $0.54 Estimate
Portfolio Pulse from Benzinga Newsdesk
NiSource (NYSE:NI) reported its Q4 adjusted earnings per share (EPS) at $0.53, missing the consensus estimate of $0.54 by 1.85%. This represents a 6% increase from the $0.50 EPS reported in the same quarter last year.
February 21, 2024 | 11:31 am
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NiSource reported a Q4 adjusted EPS of $0.53, missing the consensus estimate by 1.85% but marking a 6% increase from the previous year.
Missing the consensus estimate, even by a small margin, can lead to negative investor sentiment in the short term, potentially causing a slight decrease in stock price. However, the year-over-year growth indicates underlying strength, which might mitigate the negative impact.
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