The 10-second takeaway
For the quarter ended Dec. 31 (Q4), NiSource missed slightly on revenues and beat slightly on earnings per share.
Compared to the prior-year quarter, revenue shrank slightly. Non-GAAP earnings per share increased significantly. GAAP earnings per share grew significantly.
Margins increased across the board.
NiSource notched revenue of $1.41 billion. The three analysts polled by S&P Capital IQ foresaw a top line of $1.43 billion on the same basis. GAAP reported sales were the same as the prior-year quarter's.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.44. The 10 earnings estimates compiled by S&P Capital IQ forecast $0.43 per share. Non-GAAP EPS of $0.44 for Q4 were 42% higher than the prior-year quarter's $0.31 per share. (The prior-year quarter included -$0.01 per share in earnings from discontinued operations.) GAAP EPS of $0.43 for Q4 were much higher than the prior-year quarter's $0.06 per share. (The prior-year quarter included -$0.01 per share in earnings from discontinued operations.)
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 36.5%, 680 basis points better than the prior-year quarter. Operating margin was 21.2%, 720 basis points better than the prior-year quarter. Net margin was 9.5%, 810 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $1.47 billion. On the bottom line, the average EPS estimate is $0.76.
Next year's average estimate for revenue is $5.82 billion. The average EPS estimate is $1.56.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 154 members out of 179 rating the stock outperform, and 25 members rating it underperform. Among 53 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 51 give NiSource a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on NiSource is hold, with an average price target of $26.46.
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