For its second fiscal quarter (ending June 30), NiSource Inc (NYSE: NI) has reported a 90% increase in E.P.S. from $0.10 a year ago to $0.19 in the current quarter. This performance was $0.02 better than the consensus estimate of $0.17. For the latest four quarters through June 30, E.P.S. were $1.68 versus $1.56 for the same period a year ago — an increase of 8%.
Recent Price Action
NiSource Inc (NYSE: NI) stock rose modestly by 0.5% on 8/7/24. The stock closed at $31.10. Moreover, above average trading volume at 132% of normal accompanied the advance. The stock has declined -1.0% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
NI is expected to continue to be a Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
NiSource has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. NiSource has a slightly positive Appreciation Score of 64 and a good Power Rating of 73, and the Positive Value Trend Rating results.
Rating Review
In light of this encouraging new earnings information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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