Eversource Energy (ES) came out with quarterly earnings of $1.13 per share, beating the Zacks Consensus Estimate of $1.04 per share. This compares to earnings of $0.97 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8.65%. A quarter ago, it was expected that this New England power provider would post earnings of $0.95 per share when it actually produced earnings of $0.95, delivering no surprise.Over the last four quarters, the ...

Core Viewpoint - Eversource Energy (ES) is expected to report its third-quarter 2024 results on November 4, with earnings anticipated to show a year-over-year increase due to various operational factors and strategic decisions [1][5]. Group 1: Factors Impacting Q3 Performance - The completion of the sale of a 50% ownership share in the 924-megawatt Sunrise Wind project to Ørsted in July 2024 is expected to positively influence the bottom line, as the company shifts focus to regulated utility operations [2]. - Electric distribution earnings are projected to rise, supported by capital cost recovery and a $61 million interim rate increase in New Hampshire effective August 1, 2024 [3]. - Increased investments are likely to enhance service reliability, while lower operation and maintenance expenses and effective tax rates are also expected to contribute positively to earnings [3]. - However, higher depreciation and property taxes resulting from increased investments may negatively affect overall quarterly performance [4]. Group 2: Q3 Expectations - The Zacks Consensus Estimate for earnings is set at $1.04 per share, reflecting a year-over-year increase of 7.2% [5]. - Revenue expectations are pegged at $3.05 billion, indicating a year-over-year improvement of 9.3% [5]. Group 3: Earnings Prediction Model - The company's Earnings ESP is +7.05%, suggesting a strong likelihood of an earnings beat this quarter, supported by a Zacks Rank of 3 (Hold) [6][7].

Eversource Energy (ES) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The earnings report, which is expected to be released on November 4, 2024, might help the stock move higher if these key numbers are bett ...

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Eversource Energy's (ES) long-term capital investment plans to expand its transmission and distribution infrastructure boost its service reliability. The company is also set to benefit from its renewable operations. However, this Zacks Rank #3 (Hold) company faces risks related to substandard performance from third parties. Tailwinds for Eversource Eversource operates a capital-intensive business with relatively steady revenue streams. Its capital investments serve as a proxy for future organic growth. The ...

Eversource Energy's (ES) systematic capital investment plans should further improve its infrastructure and help in the expansion of renewable operations. This should drive the company's overall performance. ES is also set to benefit from the expansion of its water business through acquisitions. However, this Zacks Rank #3 (Hold) company is exposed to stringent regulations and substandard performance from third parties that act as headwinds. Tailwinds Eversource operates a capital-intensive business with rel ...

Eversource Energy (ES) reported second-quarter 2024 adjusted earnings of 95 cents per share, in line with the Zacks Consensus Estimate. However, the bottom line decreased 5% from the year-ago quarter's figure of $1.00. Total Revenues ES' revenues of $2.53 billion missed the Zacks Consensus Estimate of $2.88 billion by 12%. Total revenues also declined 3.8% from the year-ago quarter's figure of $2.63 billion. Highlights of the Release Total operating expenses were $1.93 billion, down 6.9% year over year. Thi ...

However, higher depreciation and property taxes from increased investment and higher interest expenses are anticipated to have negatively impacted the company's overall quarterly performance. The Zacks Consensus Estimate for revenues is pinned at $2.61 billion, implying a year-over-year decline of 0.8%. Our proven model does not conclusively predict an earnings beat for Eversource Energy this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increa ...

Eversource Energy's (ES) long-term capital investment plans to further enhance its infrastructure and expansion of renewable operations should drive its overall performance. The company has plans to expand its water business through acquisitions. Eversource's capital investments serve as a proxy for future organic growth. It is currently focused on upgrading its electric distribution and transmission infrastructure. The company expects capital investment of $23.1 billion during 2024-2028, out of which it pl ...

For the transition period from ____________ to ____________ Registrant; State of Incorporation; Address; Telephone Number; Commission File Number; and I.R.S. Employer Identification No. ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2024 or EVERSOURCE ENERGY (a Massachusetts voluntary association) 300 Cadwell Drive, Springfield, Massachusetts 01104 Telephone: (800) 286-5000 Commission File Number: 001-05324 I.R.S. Employer I ...