NiSource Inc (NYSE: NI) has reported earnings for its first fiscal quarter (ending March 31) of $0.77 versus $0.77 for the same period a year ago — flat performance. This result fell short of the consensus estimate of $0.91 by $-0.14. For the latest four quarters through March 31, E.P.S. were $1.59 versus $1.59 for the same period a year ago — flat performance.
Recent Price Action
NiSource Inc (NYSE: NI) stock declined modestly by -1.1% on 5/8/24. The stock closed at $28.72. Moreover, this decline was accompanied by above average trading volume at 144% of normal. The stock has performed in line with the market over the last nine months and has risen 3.1% during the last week.
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 C (High Neutral). 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 68 and a neutral Power Rating of 47, producing the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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