Eversource(ES)
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Eversource(ES) - 2025 Q2 - Earnings Call Transcript
2025-08-01 14:02
Financial Data and Key Metrics Changes - The second quarter earnings were $0.96 per share, slightly up from $0.95 per share in the previous year, indicating solid earnings growth [22][8] - The company reaffirmed its 2025 EPS guidance range of $4.67 to $4.82 per share, with a long-term EPS growth projection of 5% to 7% through 2029 [8][35] - The FFO to debt ratio is expected to be approximately 100 basis points above rating agency thresholds, with a current ratio of 11.5% reflecting an improvement of over 200 basis points from the previous year [30][32] Business Line Data and Key Metrics Changes - Higher electric transmission earnings of $0.02 per share were attributed to increased revenues from continued investments in the transmission system and lower interest expenses [23] - Electric distribution earnings also increased by $0.02 per share due to distribution rate increases in New Hampshire and Massachusetts [24] - Natural gas segment earnings improved by $0.02 per share primarily due to base distribution rate increases at Massachusetts utilities [24] Market Data and Key Metrics Changes - Electric demand is expected to rise, with load growth through 2025 exceeding 2%, nearly double the rate observed during the same period last year [6] - The company is experiencing a critical need for strategic upgrades and new development due to demand outpacing existing infrastructure capacity [6] Company Strategy and Development Direction - The company is focused on being a pure play pipes and wires regulated utility while executing key strategic priorities [5] - Investments in grid modernization and infrastructure are aimed at supporting the energy transition and managing costs for families and businesses [15] - The company is also enhancing its cash flow position and strengthening its balance sheet condition through various initiatives, including the divestiture of non-core businesses [30][7] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in meeting the challenges posed by rising electric demand and regulatory changes, emphasizing the importance of strategic investments [5][6] - The recent legislative changes in Connecticut, including Senate Bill 4, are expected to improve customer bill predictability and strengthen the balance sheet [11] - The management remains optimistic about the future, focusing on delivering safe, reliable, and sustainable energy while navigating an evolving regulatory landscape [20] Other Important Information - The company has made significant progress in its five-year infrastructure investment plan, with a 10% increase announced earlier this year [6][29] - The company is actively working on the regulatory approval process for the Aquarion divestiture, expecting to close the sale by the end of the year [12] Q&A Session Summary Question: Can you walk us through the confidence levels in hitting the 14% FFO to debt level by the end of the year? - Management expressed high confidence, citing recovery of deferrals and the expected contribution from the Aquarion closing towards the end of the year [40][42] Question: How could the securitization of storm costs impact long-term FFO to debt levels? - Management indicated that while the securitization could reduce equity needs, it would not change the $1.2 billion equity requirement for the year [43][44] Question: What are the updated metrics for Moody's and S&P for the second quarter? - Management confirmed strong positions with both agencies, with expectations of continued improvement in the coming quarters [52] Question: What are the implications of the Connecticut Court's clarification around prudency standards? - Management noted that the court's decision reinforces that prudency must be assessed at the time of investment decisions, which is favorable for future investments [107][109] Question: What is the status of the Aquarion sale process? - Management is optimistic about the approval of the sale, citing strong legislative support and a favorable regulatory environment [101][102]
Eversource(ES) - 2025 Q2 - Earnings Call Transcript
2025-08-01 14:00
Financial Data and Key Metrics Changes - Eversource reported second quarter earnings of $0.96 per share, slightly up from $0.95 per share in the previous year, indicating solid earnings growth [22][24] - The company reaffirmed its 2025 EPS guidance range of $4.67 to $4.82 per share, with a long-term EPS growth projection of 5% to 7% through 2029 [7][33] - The FFO to debt ratio improved to 11.5% as of the first quarter, with expectations to reach approximately 14% by year-end [29][40] Business Line Data and Key Metrics Changes - Transmission earnings increased to $0.02 per share due to higher revenues from continued investments and lower interest expenses [22][23] - Electric distribution earnings also rose to $0.02 per share, benefiting from rate increases in New Hampshire and Massachusetts [23] - Natural gas segment earnings improved by $0.02 per share, primarily due to base distribution rate increases [23] Market Data and Key Metrics Changes - Electric demand is expected to rise, with load growth through 2025 exceeding 2%, nearly double the rate observed last year [6] - The company noted that the accelerating electrification of transportation and heating sectors is driving this upward trend [6] Company Strategy and Development Direction - Eversource is focused on being a pure play regulated utility, with a commitment to infrastructure modernization and renewable energy integration [5][15] - The company announced a 10% increase in its five-year infrastructure investment plan, now totaling $24.2 billion [6][28] - The company is also working on strategic upgrades and new developments to meet rising electric demand [6] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the regulatory environment, particularly in Connecticut, following the passage of Senate Bill 4, which aims to make electric bills more affordable [11][12] - The company is optimistic about the ongoing recovery of storm costs and the potential for cash flow stabilization through regulatory changes [30][31] - Management emphasized the importance of maintaining strong relationships with union partners and stakeholders [14] Other Important Information - Eversource's annual sustainability report highlights innovative projects, including a geothermal pilot and the Cambridge Underground Substation [10][17] - The company is progressing well with the Aquarion divestiture process and expects to close the sale by the end of the year [12][98] Q&A Session Summary Question: Can you walk us through the confidence levels in hitting the 14% FFO to debt level by year-end? - Management expressed high confidence, citing recovery of deferrals and the impact of the Aquarion transaction as key drivers [38][40] Question: How could the securitization of storm costs impact long-term FFO to debt levels? - Management indicated that securitization could reduce equity needs, but further clarity on timing is needed [41][43] Question: What are the updated metrics for Moody's and S&P regarding FFO to debt? - Management confirmed strong positions with both agencies, expecting continued improvement [49][50] Question: What are the implications of the Connecticut Court's clarification around prudency standards? - Management noted that the ruling supports investment decisions made based on current facts, preventing retrospective scrutiny [104][106] Question: Will there be additional equity needs in 2025? - Management clarified that while there may not be significant equity needs this year, they will monitor the situation closely [114][116]
Eversource Energy Q2 Earnings Surpass Estimates, Revenues Rise Y/Y
ZACKS· 2025-08-01 13:45
Core Insights - Eversource Energy (ES) reported second-quarter 2025 adjusted earnings of 96 cents per share, exceeding the Zacks Consensus Estimate of 95 cents by 1.05% and showing a slight increase from 95 cents in the same quarter last year [1][9] Total Revenues of ES - Total revenues for Eversource Energy were $2.84 billion, which fell short of the Zacks Consensus Estimate of $3.19 billion by 10.9%, but represented a 12.2% increase from the previous year's figure of $2.53 billion [2][9] Highlights of ES' Q2 Results - Total operating expenses reached $2.17 billion, marking a 12.4% year-over-year increase due to higher operations and maintenance costs, as well as increased depreciation and amortization expenses [3] - Operating income was reported at $663 million, reflecting a 10% year-over-year growth [3] - Interest expenses totaled $293.2 million, which is 8.1% higher than the previous year [3] ES' Segmental Performance - Electric Transmission segment earnings were $208 million, up 10.1% year over year, driven by ongoing investments in the electric transmission system [4] - Electric Distribution segment earnings amounted to $161.5 million, a 7.9% increase year over year, attributed to higher revenues from base distribution rate increases in New Hampshire and Massachusetts [4] - Natural Gas Distribution reported earnings of $35.3 million, compared to $27.1 million in the same quarter last year [5] - Water Distribution earnings were $14.4 million, up from $8 million in the year-ago quarter [5] - The Eversource Parent & Other Companies segment reported a loss of $66.5 million, wider than the loss of $38.5 million in the previous year, primarily due to increased interest expenses following the sale of offshore wind projects [6] ES' Guidance - Eversource Energy maintains its earnings guidance for 2025 in the range of $4.67 to $4.82 per share, with the Zacks Consensus Estimate at $4.73 per share, which is lower than the midpoint of the company's guidance [7] - The company expects a long-term EPS growth rate of 5% to 7% through 2029, using $4.57 (in 2024) as a base [7]
Eversource(ES) - 2025 Q2 - Earnings Call Presentation
2025-08-01 13:00
Financial Performance - Eversource Energy reported Q2 2025 EPS of $0.96, slightly better than the prior year[22] - The company reaffirms its 2025 EPS guidance of $4.67 - $4.82 and a long-term EPS growth rate of 5% - 7% through 2029[23] - The company's FFO to Debt ratio as of March 31, 2025, was 13.7%, exceeding the Moody's downgrade threshold of 9% and S&P's threshold of 12%[50] Capital Investments and Regulatory Updates - Eversource plans a capital investment of $24.2 billion through 2029, with 60% of distribution capital investment in Massachusetts[18] - The company anticipates incremental investments of $1.5 billion - $2 billion during this forecast period[47] - A permanent rate increase of $100 million was received in New Hampshire, effective August 1, 2025, as part of the PSNH rate case[39] - Massachusetts will see an EGMA Rate Base Reset with a November 2024 rate increase of $77 million and a November 2025 rate increase of $62 million[45] Strategic Priorities - Eversource is focused on being a 100% regulated utility, investing in line with state policies while maintaining customer reliability and affordability[18] - The company aims to strengthen its balance sheet and enhance its FFO to Debt ratio[18] - Eversource is leading the energy transition in New England with approximately $2 billion in T&D energy investments through 2029[18] Balance Sheet and Credit Metrics - Eversource has an At-The-Market (ATM) program for $1.2 billion of equity, issuing 3.4 million shares through June 2025 with net proceeds of $218 million[51, 60]
Eversource Energy (ES) Q2 Earnings Beat Estimates
ZACKS· 2025-07-31 22:26
Core Viewpoint - Eversource Energy reported quarterly earnings of $0.96 per share, exceeding the Zacks Consensus Estimate of $0.95 per share, and showing a slight increase from $0.95 per share a year ago, indicating a positive earnings surprise of +1.05% [1][2] Financial Performance - The company posted revenues of $2.84 billion for the quarter ended June 2025, which fell short of the Zacks Consensus Estimate by 10.91%, compared to $2.53 billion in revenues from the same quarter last year [2] - Over the last four quarters, Eversource has surpassed consensus EPS estimates three times and topped consensus revenue estimates three times as well [2] Stock Performance - Eversource shares have increased approximately 14.9% since the beginning of the year, outperforming the S&P 500's gain of 8.2% [3] - The current Zacks Rank for Eversource is 3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [6] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $1.03 on revenues of $3.23 billion, and for the current fiscal year, it is $4.73 on revenues of $13.16 billion [7] - The outlook for the Utility - Electric Power industry is favorable, currently ranking in the top 34% of over 250 Zacks industries, suggesting that stocks in the top 50% outperform those in the bottom 50% by more than 2 to 1 [8]
Eversource(ES) - 2025 Q2 - Quarterly Results
2025-07-31 20:20
[Eversource Energy Second Quarter 2025 Financial Results](index=1&type=section&id=Eversource%20Energy%20Second%20Quarter%202025%20Financial%20Results) Eversource Energy reported increased earnings for Q2 and H1 2025, reaffirming its full-year 2025 earnings guidance and long-term growth projections [Overall Performance Summary](index=1&type=section&id=Overall%20Performance%20Summary) Eversource Energy reported increased earnings for Q2 and H1 2025, driven by solid operational performance and a strengthened financial foundation Earnings and EPS Overview | Metric | Q2 2025 | Q2 2024 | H1 2025 | H1 2024 | | :--- | :--- | :--- | :--- | :--- | | **Earnings** | $352.7M | $335.3M | $903.5M | $857.2M | | **EPS** | $0.96 | $0.95 | $2.45 | $2.43 | - Management attributed the solid results to the workforce's dedication, quick response to weather events, and progress on constructive regulatory outcomes while prioritizing customer affordability[3](index=3&type=chunk) [2025 Financial Outlook](index=1&type=section&id=2025%20Financial%20Outlook) The company has reaffirmed its full-year 2025 earnings projection and its long-term compound annual earnings per share growth rate - Reaffirmed 2025 earnings projection of between **$4.67 and $4.82 per share**[3](index=3&type=chunk) - Reaffirmed compound annual EPS growth rate target of **5% to 7%** from a 2024 base of **$4.57 per share**[3](index=3&type=chunk) [Segment Performance](index=1&type=section&id=Segment%20Performance) This section details the financial performance of Eversource Energy's core business segments, including transmission, distribution, and water operations [Electric Transmission](index=1&type=section&id=Electric%20Transmission) The Electric Transmission segment's earnings increased in both the second quarter and first half of 2025 compared to the prior year, driven by continued investment in the electric transmission system Electric Transmission Segment Earnings | Period | 2025 Earnings (Millions) | 2024 Earnings (Millions) | | :--- | :--- | :--- | | **Q2** | $208.0M | $189.0M | | **H1** | $407.5M | $365.7M | - The improvement in earnings was primarily due to continued investment in Eversource's electric transmission system[4](index=4&type=chunk) [Electric Distribution](index=1&type=section&id=Electric%20Distribution) The Electric Distribution segment saw earnings growth in Q2 and H1 2025, primarily due to higher revenues from base distribution rate increases and system investments, which were partially offset by increased expenses Electric Distribution Segment Earnings | Period | 2025 Earnings (Millions) | 2024 Earnings (Millions) | | :--- | :--- | :--- | | **Q2** | $161.5M | $149.7M | | **H1** | $350.0M | $317.9M | - Improved results were driven by higher revenues from base distribution rate increases in New Hampshire and Massachusetts, and continued system investments, partially offset by higher property taxes, interest, and depreciation[5](index=5&type=chunk) [Natural Gas Distribution](index=2&type=section&id=Natural%20Gas%20Distribution) The Natural Gas Distribution segment's earnings improved for both the quarter and half-year periods, mainly as a result of base distribution rate increases in Massachusetts to recover infrastructure investments Natural Gas Distribution Segment Earnings | Period | 2025 Earnings (Millions) | 2024 Earnings (Millions) | | :--- | :--- | :--- | | **Q2** | $35.3M | $27.1M | | **H1** | $253.7M | $217.6M | - The earnings increase was primarily due to base distribution rate increases at Massachusetts gas businesses, effective November 1, 2024, with higher revenues partially offset by increased expenses[6](index=6&type=chunk) [Water Distribution](index=2&type=section&id=Water%20Distribution) The Water Distribution segment reported significantly improved earnings for Q2 and H1 2025, benefiting from higher revenues and lower interest expense Water Distribution Segment Earnings | Period | 2025 Earnings (Millions) | 2024 Earnings (Millions) | | :--- | :--- | :--- | | **Q2** | $14.4M | $8.0M | | **H1** | $17.9M | $13.4M | - Improved results were primarily due to higher revenues and lower interest expense[7](index=7&type=chunk) [Eversource Parent and Other Companies](index=2&type=section&id=Eversource%20Parent%20and%20Other%20Companies) The Parent and Other Companies segment reported a larger loss in 2025 compared to 2024, mainly due to higher interest expenses following the sale of offshore wind projects Parent and Other Companies Segment Loss | Period | 2025 Loss (Millions) | 2024 Loss (Millions) | | :--- | :--- | :--- | | **Q2** | ($66.5M) | ($38.5M) | | **H1** | ($125.6M) | ($57.4M) | - The increased loss was primarily due to higher interest expense resulting from the absence of capitalized interest after the sale of the company's offshore wind projects[8](index=8&type=chunk) [Detailed Financials](index=2&type=section&id=Detailed%20Financials) This section provides a detailed reconciliation of consolidated EPS and a comprehensive breakdown of earnings and EPS contributions by each business segment [Consolidated Earnings Per Share (EPS) Reconciliation](index=2&type=section&id=Consolidated%20Earnings%20Per%20Share%20%28EPS%29%20Reconciliation) The company provided a reconciliation of its GAAP EPS, detailing the positive contributions from its distribution and transmission segments and the negative impact from higher interest expenses at the parent company level Consolidated EPS Reconciliation | Description | Q2 EPS Impact ($) | H1 EPS Impact ($) | | :--- | :--- | :--- | | **2024 Reported GAAP EPS** | **$0.95** | **$2.43** | | Higher electric transmission earnings | $0.02 | $0.07 | | Higher electric distribution earnings | $0.02 | $0.05 | | Higher natural gas distribution earnings | $0.02 | $0.07 | | Higher water distribution earnings | $0.02 | $0.01 | | Increased loss at parent/other | ($0.07) | ($0.18) | | **2025 Reported GAAP EPS** | **$0.96** | **$2.45** | [Segment Earnings Breakdown](index=3&type=section&id=Segment%20Earnings%20Breakdown) This section provides a detailed table view of the earnings and EPS contributions from each business segment for the second quarter and first half of 2025, compared to the same periods in 2024 Segment Earnings and EPS (Q2) **Three months ended June 30 (in millions, except EPS):** | Segment | 2025 Earnings (Millions) | 2024 Earnings (Millions) | 2025 EPS ($) | 2024 EPS ($) | | :--- | :--- | :--- | :--- | :--- | | Electric Transmission | $208.0 | $189.0 | $0.56 | $0.54 | | Electric Distribution | $161.5 | $149.7 | $0.44 | $0.42 | | Natural Gas Distribution | $35.3 | $27.1 | $0.10 | $0.08 | | Water Distribution | $14.4 | $8.0 | $0.04 | $0.02 | | Parent and Other | ($66.5) | ($38.5) | ($0.18) | ($0.11) | | **Reported Earnings** | **$352.7** | **$335.3** | **$0.96** | **$0.95** | Segment Earnings and EPS (H1) **Six months ended June 30 (in millions, except EPS):** | Segment | 2025 Earnings (Millions) | 2024 Earnings (Millions) | 2025 EPS ($) | 2024 EPS ($) | | :--- | :--- | :--- | :--- | :--- | | Electric Transmission | $407.5 | $365.7 | $1.11 | $1.04 | | Electric Distribution | $350.0 | $317.9 | $0.95 | $0.90 | | Natural Gas Distribution | $253.7 | $217.6 | $0.68 | $0.61 | | Water Distribution | $17.9 | $13.4 | $0.05 | $0.04 | | Parent and Other | ($125.6) | ($57.4) | ($0.34) | ($0.16) | | **Reported Earnings** | **$903.5** | **$857.2** | **$2.45** | **$2.43** | [Supplementary Information](index=3&type=section&id=Supplementary%20Information) This section provides details on the upcoming conference call, clarifies non-GAAP financial measures, and outlines forward-looking statements and associated risk factors [Conference Call and Contact Information](index=3&type=section&id=Conference%20Call%20and%20Contact%20Information) Eversource Energy will host a conference call with senior management to discuss the financial results, with contact information for investor relations also provided - A conference call with senior management is scheduled for **August 1, 2025, at 9 a.m. Eastern Time**[11](index=11&type=chunk) - The webcast and slides will be accessible on the Investors page of the Eversource Energy website[11](index=11&type=chunk) [Non-GAAP Financial Measures](index=3&type=section&id=Non-GAAP%20Financial%20Measures) The report clarifies the use of non-GAAP financial measures, such as EPS by business, which management believes provide a more meaningful representation of financial performance by excluding certain items not indicative of ongoing operations - The report includes a non-GAAP measure, "EPS by business," calculated by dividing each business's net income by the weighted average diluted common shares outstanding[12](index=12&type=chunk) - Management uses these non-GAAP measures to evaluate performance and believes they provide useful information by excluding items not considered indicative of ongoing operations[12](index=12&type=chunk) [Forward-Looking Statements and Risk Factors](index=4&type=section&id=Forward-Looking%20Statements%20and%20Risk%20Factors) This section contains the standard safe harbor statement, cautioning that forward-looking statements are not guarantees of future performance and are subject to various risks and uncertainties - The report contains forward-looking statements regarding expectations, plans, and financial performance, which are subject to risks and uncertainties[13](index=13&type=chunk) - Key risk factors include, but are not limited to, cyberattacks, capital market disruptions, economic conditions, regulatory actions, extreme weather, and changes in laws or regulations[13](index=13&type=chunk) - Readers are encouraged to consult Eversource's SEC filings for a more detailed discussion of risk factors[14](index=14&type=chunk)
Eversource Energy to Post Q2 Earnings: What's in Store for the Stock?
ZACKS· 2025-07-28 14:46
Core Viewpoint - Eversource Energy (ES) is expected to report its second-quarter 2025 results on July 31, with earnings anticipated to be in line with estimates, reflecting various operational factors that may influence performance [1][10]. Group 1: Factors Impacting Q2 Performance - Eversource Energy's focus on being a pure-play regulated utility is likely to support its clean energy transition efforts, contributing positively to quarterly earnings [2]. - The integration of probabilistic load flow (PLF) automation into its power system analysis is expected to enhance service reliability and boost earnings through improved distribution modeling capabilities [3]. - New electric and gas rates implemented in the service regions during the first and previous quarters are anticipated to positively impact the bottom line, along with increased transmission investments and lower operation and maintenance expenses [4]. Group 2: Expected Financial Metrics - The Zacks Consensus Estimate for Eversource Energy's earnings is set at 95 cents per share, remaining flat year over year, while revenues are estimated at $2.90 billion, indicating a year-over-year increase of 14.7% [6][10]. - The company's Earnings ESP is +0.26%, suggesting a favorable outlook for an earnings beat in the upcoming report [7]. Group 3: Potential Challenges - Higher depreciation and property taxes due to increased investments, along with rising interest expenses and a higher effective tax rate, are expected to negatively affect overall quarterly performance [5][10].
Here's Why Eversource Energy (ES) is a Strong Momentum Stock
ZACKS· 2025-07-25 14:50
Group 1: Zacks Style Scores Overview - Zacks Style Scores are complementary indicators that rate stocks based on value, growth, and momentum characteristics, helping investors identify stocks with the best chances of outperforming the market over the next 30 days [2][3] - Each stock is assigned a rating from A to F, with A indicating the highest potential for outperformance [3] - The Style Scores are categorized into four types: Value Score, Growth Score, Momentum Score, and VGM Score, which combines all three styles [3][4][6] Group 2: Value Score - The Value Score focuses on identifying undervalued stocks using ratios such as P/E, PEG, Price/Sales, and Price/Cash Flow [3] Group 3: Growth Score - The Growth Score evaluates stocks based on projected and historical earnings, sales, and cash flow to find those with sustainable growth potential [4] Group 4: Momentum Score - The Momentum Score assesses stocks based on price trends and earnings outlook changes, helping investors identify favorable buying opportunities [5] Group 5: VGM Score - The VGM Score combines the Value, Growth, and Momentum Scores, providing a comprehensive indicator for stock selection [6] Group 6: Zacks Rank - The Zacks Rank is a proprietary stock-rating model that utilizes earnings estimate revisions to guide investors in portfolio creation, with 1 (Strong Buy) stocks historically producing an average annual return of +23.62% since 1988 [7] - There are over 800 top-rated stocks available, including more than 200 with a Strong Buy rank [8] Group 7: Stock Example - Eversource Energy - Eversource Energy, trading under the ticker symbol "ES," is involved in energy delivery, transmitting and delivering electricity and natural gas in Connecticut, New Hampshire, and Massachusetts [11] - Currently rated 3 (Hold) on the Zacks Rank, Eversource has a VGM Score of B and a Momentum Style Score of A, with shares up 5% over the past four weeks [12] - Analysts have revised earnings estimates higher for fiscal 2025, with the Zacks Consensus Estimate increasing to $4.73 per share, and the company has an average earnings surprise of +2.7% [12][13]
Eversource Energy (ES) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
ZACKS· 2025-07-24 15:01
Core Viewpoint - Eversource Energy is expected to report flat earnings compared to the previous year, with revenues projected to increase significantly, making the actual results critical for stock price movement [1][3]. Earnings Expectations - The consensus EPS estimate for Eversource is $0.95 per share, unchanged from the year-ago quarter, while revenues are anticipated to be $2.9 billion, reflecting a 14.7% increase year-over-year [3]. - The upcoming earnings report is scheduled for July 31, and stock movement may depend on whether the actual results exceed or fall short of these expectations [2]. Estimate Revisions - Over the last 30 days, the consensus EPS estimate has been revised 1.31% higher, indicating a positive reassessment by analysts [4]. - Eversource's Most Accurate Estimate is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +0.26%, suggesting a bullish outlook on the company's earnings prospects [12]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive Earnings ESP reading is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3 [10]. - Eversource currently holds a Zacks Rank of 3, which, along with the positive Earnings ESP, suggests a likelihood of beating the consensus EPS estimate [12]. Historical Performance - In the last reported quarter, Eversource met the consensus EPS estimate of $1.50, resulting in no surprise [13]. - Over the past four quarters, Eversource has surpassed consensus EPS estimates two times [14]. Industry Context - WEC Energy Group, another player in the electric power industry, is expected to report earnings of $0.71 per share, reflecting a 6% year-over-year increase, with revenues projected at $1.86 billion, up 4.9% [18]. - WEC Energy's consensus EPS estimate has been revised down by 1.1% over the last 30 days, resulting in an Earnings ESP of -1.41%, making it challenging to predict an earnings beat [19].
69 July Aristocrats: Hormel Is Still The One Hot Dog
Seeking Alpha· 2025-07-23 22:32
Group 1 - S&P added three companies to the Dividend Aristocrats in January 2025: Erie Indemnity, Eversource Energy, and FactSet Research Systems [1] - The inclusion of these companies is attributed to their long records of annual dividend increases [1] Group 2 - The article promotes a subscription service for tracking Dividend Aristocrats and related portfolios [2] - It encourages engagement on social media platforms, specifically highlighting a live video series that features potential portfolio candidates [2] - The content invites readers to comment on stock tickers for potential inclusion in future reports [2]