Brookfield Infrastructure Partners L.P. BIP is set to report first-quarter 2018 results on May 2, before the market opens. In the last reported quarter, the company posted a negative earnings surprise of 2.44%.
Let’s see how things are holding up prior to the announcement.
Factors to Consider
The Zacks Consensus Estimate for first-quarter 2018 earnings per unit is pegged at 86 cents. The projected figure reflects a sequential increase of 138.9%. However, the estimate for revenues declined 3.9% sequentially.
The current economic scenario across the globe is favorable for the partnership’s operations. Brookfield Infrastructure is focused on the completion of its capital project in Columbia and India as well as other committed backlog of growth projects. In addition to contribution from inorganic ventures, the partnership is expected to gain from an investment of $900 million in capital projects during 2017.
Earnings Whispers
Our proven model does not show that Brookfield Infrastructure is likely to beat estimates in the upcoming quarterly results. That is because a stock needs to have a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks ESP: Earnings ESP, which represents the difference between the Most Accurate estimate and the Zacks Consensus Estimate, is 0.00%.
Brookfield Infrastructure Partners LP Price and EPS Surprise
Brookfield Infrastructure Partners LP Price and EPS Surprise | Brookfield Infrastructure Partners LP Quote
Zacks Rank: Brookfield Infrastructure has a Zacks Rank #3, which when combined with 0.00% ESP makes earnings beat uncertain.
We caution against stocks with a Zacks Rank #4 and 5 (Sell rated) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Stocks to Consider
Here are some companies from the industry that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this quarter.
Duke Energy Corporation DUK is expected to release first-quarter 2018 results on May 10. The company has an Earnings ESP of +2.82% and a Zacks Rank #3.
IDACORP, Inc. IDA is expected to release first-quarter 2018 results on May 3. The company has an Earnings ESP of +3.55% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
WEC Energy Group, Inc. WEC is expected to release first-quarter 2018 results on May 1. The company has an Earnings ESP of +0.58% and a Zacks Rank #2.
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