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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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.