U.S. Markets closed

Brookfield Infrastructure's (BIP) Q1 Earnings: What's Up?

Zacks Equity Research

Brookfield Infrastructure Partners L.P. BIP is set to release first-quarter 2019 results on May 3, before market opens. In the last reported quarter, the company delivered positive earnings surprise of 1.23%.

Let’s see how things are holding up prior to the announcement.

Factor to Consider

The partnership aims to expand through acquisition of higher growth businesses, where it can apply operational expertise to earn higher returns. We believe that the buyout of U.S. data center on Dec 31, 2018 and Asia Pacific Data Center business in January 2019 will boost first-quarter results.

The Zacks Consensus Estimate for first-quarter earnings is pegged at 84 cents, which indicates year-over-year rise of 100%.

Brookfield Infrastructure Partners LP Price and EPS Surprise

 

Brookfield Infrastructure Partners LP Price and EPS Surprise | Brookfield Infrastructure Partners LP Quote

 

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).

Earnings ESP: Earnings ESP, which represents the difference between the Most Accurate Estimate and the Zacks Consensus Estimate, is 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Zacks Rank: The partnership carries a Zacks Rank #4 (Sell), which when combined with 0.00% ESP makes earnings beat uncertain. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

We caution against stocks with a Zacks Rank #4 and 5 (Strong Sell) going into the earnings announcement, especially when the company is seeing negative estimate revisions.

Stocks to Consider

Investors may consider the following companies from the same industry that have the right combination of elements to beat estimates in the quarter to be reported:

Pinnacle West Capital Corporation PNW has an Earnings ESP of +1.41% and a Zacks Rank #2. The company is expected to release first-quarter 2019 results on May 1.

PPL Corporation PPL has an Earnings ESP of +0.28% and a Zacks Rank #3. The company is expected to release first-quarter 2019 results on May 2.

Exelon Corporation EXC has an Earnings ESP of +0.46% and a Zacks Rank #3. The company is expected to release first-quarter 2019 results on May 2.

Is Your Investment Advisor Fumbling Your Financial Future?

See how you can more effectively safeguard your retirement with a new Special Report, “4 Warning Signs Your Investment Advisor Might Be Sabotaging Your Financial Future.”

Click to get it free >>


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
 
Exelon Corporation (EXC) : Free Stock Analysis Report
 
Brookfield Infrastructure Partners LP (BIP) : Free Stock Analysis Report
 
PPL Corporation (PPL) : Free Stock Analysis Report
 
Pinnacle West Capital Corporation (PNW) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.