NiSource Q4 Adj. EPS $0.53 Misses $0.54 Estimate, Sales $1.42B Miss $1.70B Estimate
Portfolio Pulse from Benzinga Newsdesk
NiSource (NYSE:NI) reported Q4 adjusted EPS of $0.53, missing the $0.54 estimate, and sales of $1.42B, missing the $1.70B estimate. This represents a 6% increase in EPS and a 16.60% decrease in sales from the same period last year.
February 21, 2024 | 11:36 am
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NiSource reported a Q4 adjusted EPS of $0.53, missing estimates by 1.85%, and sales of $1.42B, missing estimates by 16.44%, indicating a mixed performance with a slight EPS growth but significant sales decline from the previous year.
The miss in both EPS and sales estimates, especially the significant miss in sales expectations, is likely to negatively impact investor sentiment in the short term. The decrease in sales by 16.60% compared to the same period last year could raise concerns about the company's growth trajectory and operational efficiency, potentially leading to a decrease in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100