Brookfield Infrastructure's (BIP) Earnings Preview For Q2
Zacks Investment Research | Jul 25, 2019 09:39PM ET
Brookfield Infrastructure Partners L.P. (NYSE:BIP) is set to release second-quarter 2019 results on Aug 2, before market opens. In the last reported quarter, the company incurred a loss of 5 cents against the Zacks Consensus Estimate of earnings of 84 cents.
Let’s see how things are placed ahead of the upcoming quarterly announcement.
Factors to Consider
The partnership’s build-to-suit program continues to grow as more than 300 telecommunication towers were built in the past 12 months. We expect this to boost Data Infrastructure segment’s organic growth in the second quarter as well.
Acquired North American businesses and Gulf Coast project expansion are expected to benefit Brookfield Infrastructure’sresults in the quarter to be reported.
The partnership aims to expand through acquisition of higher growth businesses. Its acquisitions since 2018 are likely to make a positive impact on second-quarter results.
Q2 Expectations
The Zacks Consensus Estimate for second-quarter earnings is pegged at 83 cents, which indicates year-over-year rise of 295.24%.
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