Brookfield Infrastructure Partners L.P. BIP is set to release fourth-quarter and 2019 results on Feb 10, before the opening bell. The partnership has trailing four-quarter positive earnings surprise of 2.41%, on average.
Let’s see how things are placed ahead of the upcoming quarterly announcement.
Factors to Consider
Brookfield Infrastructure is making substantial investment to expand its business. Continuous acquisitions and divestments are likely to have contributed to partnership’s fourth-quarter performance as well.
Moreover, the partnership has signed several agreements that are likely to have driven the company’s fourth-quarter performance. For instance, in December, it completed the acquisition of Genesee & Wyoming, which in turn is expected to have partially benefited Brookfield Infrastructure’s results in the soon-to-be-reported.
In addition, fourth-quarter earnings are expected to have benefited from strong organic growth.
Further, the partnership agreed to acquire 100% stake in a telecom tower company in India from Reliance Industrial Investments and Holdings Limited, in December. We may expect further updates on this deal once the partnership releases its results on Feb 10.
The Zacks Consensus Estimate for fourth-quarter earnings per share is pegged at 84 cents per share, which indicates a surge of 1300% from the year-ago quarter’s figure.
Brookfield Infrastructure Partners LP Price and EPS Surprise
Brookfield Infrastructure Partners LP price-eps-surprise | Brookfield Infrastructure Partners LP Quote
Our proven model doesn’t conclusively predict an earnings beat for Brookfield Infrastructure this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. But that’s not the case here.You can see the complete list of today’s Zacks #1 Rank stocks here.
Earnings ESP: The company’s Earnings ESP is 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Brookfield Infrastructure carries a Zacks Rank #4 (Sell).
Stocks to Consider
Investors can consider the following players from the same industry that have the right combination of elements to post an earnings beat in the to-be-reported quarter.
Duke Energy Corporation DUK is slated to release fourth-quarter 2019 results on Feb 20. It has an Earnings ESP of +0.38% and a Zacks Rank #3.
Ameren Corporation AEE is set to release fourth-quarter 2019 numbers on Feb 13. It has an Earnings ESP of +2.73% and carries a Zacks Rank #3.
CenterPoint Energy, Inc. CNP is scheduled to release fourth-quarter 2019 results on Feb 27. It has an Earnings ESP of +1.09% and a Zacks Rank #3.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
See 8 breakthrough stocks now>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Brookfield Infrastructure Partners LP (BIP) : Free Stock Analysis Report
CenterPoint Energy, Inc. (CNP) : Free Stock Analysis Report
Duke Energy Corporation (DUK) : Free Stock Analysis Report
Ameren Corporation (AEE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research