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Brookfield Infrastructure (BIP) Q3 Earnings: What's in Store?

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Brookfield Infrastructure Partners L.P.BIP is set to report third-quarter 2018 results on Nov 2, before market opens. In the last reported quarter, the company reported a negative earnings surprise of 1.32%.

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

Factors to Consider

In the second quarter, the company closed an acquisition of a controlling interest in Gas Natural Colombia, which is the second largest gas distribution network in the country. The partnership expects a positive impact of the acquisition on the Colombian businesses. In addition, favorable developments are also expected to boost Australian rail business.

The partnership projects annual maintenance expenditure for utility, transport, energy and data infrastructure segment in the range of $210-$240 million. It also anticipates growing cash flow based on these investments coupled with the strong backlog.

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 .

Earnings ESP: Earnings ESP, which represents the difference between the Most Accurate Estimate and the Zacks Consensus Estimate, is +0.70%.

Zacks Rank : Brookfield Infrastructure has a Zacks Rank #5 (Strong Sell), which when combined with +0.70% ESP makes earnings beat uncertain.

Brookfield Infrastructure Partners LP Price and EPS Surprise

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

We caution against stocks with a Zacks Rank #4 (Sell) or 5 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.

Ameren Corp. AEE is expected to release third-quarter 2018 results on Oct 31. It has an Earnings ESP of +8.65% and a Zacks Rank #2. You can see the complete list of today's Zacks #1 Rank stocks here .

Dominion Energy Inc. D is expected to release third-quarter 2018 results on Nov 1. It has an Earnings ESP of +2.22% and a Zacks Rank #2.

Alliant Energy Corp. LNT is expected to release third-quarter 2018 results on Nov 6. It has an Earnings ESP of +1.19% and a Zacks Rank #3.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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