Company Participants Conference Call Participants Operator Matthew Fallon As you can see on Slide 1, some of the statements made during this investor call may be forward looking. These statements are based on management's current expectations and are subject to risk and uncertainty which may cause the actual results to differ materially from forecasts and projections. We undertake no obligation to update or revise any of these statements. Additional information about the various factors that may cause actua ...

Eversource Energy (ES) came out with quarterly earnings of $1.49 per share, beating the Zacks Consensus Estimate of $1.45 per share. This compares to earnings of $1.41 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.76%. A quarter ago, it was expected that this New England power provider would post earnings of $0.97 per share when it actually produced earnings of $0.95, delivering a surprise of -2.06%.Over the last four quar ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 1, 2024 (May 1, 2024) Commission Registrant; State of Incorporation I.R.S. Employer File Number Address; and Telephone Number Identification No. 1-5324 EVERSOURCE ENERGY 04-2147929 (a Massachusetts voluntary association) 300 Cadwell Drive Springfield, Massachusetts 01104 Telephone: (800) 28 ...

Eversource Energy (ES) is scheduled to release first-quarter 2024 results on May 1, after market close. The company delivered a negative earnings surprise of 2.1% in the last reported quarter.Let’s discuss the factors that are likely to be reflected in the upcoming quarterly results.Factors to ConsiderPer the 2022 NSTAR Electric rate review, the first base distribution revenue increase of the performance-based rate plan, totaling $105 million, was effective from Jan 1, 2024. This is likely to have had a fav ...

Eversource Energy's (ES) strategic investment in transmission and distribution networks, acquisitions, expansion of renewable operations, strong ROE and rising earnings estimates make it a solid investment option in the utility sector.Let’s focus on the factors that make this Zacks Rank #2 (Buy) stock a strong investment pick at the moment.Growth Projections & Surprise HistoryThe Zacks Consensus Estimate for ES’ 2024 earnings per share (EPS) has increased 0.2% in the past 60 days to $4.52.The Zacks Consensu ...

PM ImagesEversource Energy (NYSE:ES) may be offering investors a classic "reversion to the mean" opportunity. After 5+ years of attempting to be an early-stage renewable energy player, the utility has officially joined the list of companies who are learning from their aspirational clean energy efforts. Hertz's recent decision to sell 20,000 electric vehicles and replace them with gas-powered cars is an example of a company on that list. In Eversource's case, it is the offshore wind business that has tau ...

Eversource Energy’s (ES) long-term capital investment plans to further expand its infrastructure and renewable operations should boost its overall performance. The company has plans to expand its water business through acquisitions.However, this Zacks Rank #3 (Hold) company has to face risks related to stringent regulations and substandard performance from third parties.TailwindsEversource operates a capital-intensive business with relatively steady revenue streams. It is currently focused on upgrading its ...

It has been about a month since the last earnings report for Eversource Energy (ES) . Shares have added about 3.7% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Eversource due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Eversource Energy Q4 Earnings and Revenues ...

With all the stock market’s volatility, few sectors have been as impacted by rate hikes, inflation and economic turbulence as utility stocks. Share prices across the industry dropped in 2022 and 2023, pumping slightly at the end of last year but not enough to offset investor losses. In fact, the only thing keeping utility stock investors happy is dividend yields, which tended to stay steady for the strongest utility stocks on the market.The best utility stocks, to that end, blend three factors: quality fina ...

NEW YORK--(BUSINESS WIRE)--New York State has selected Ørsted and Eversource to negotiate a new 25-year contract for their Sunrise Wind offshore wind farm. This conditional award brings the 924-megawatt project one critical step closer to fulfilling its promise to deliver substantial economic benefits across New York and help the state meet its climate goals. NYSERDA President and CEO Doreen M. Harris said, “As we reset New York's offshore wind portfolio, we continue to evolve and strengthen the private- ...