Eversource (ES) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - Eversource Energy reported a revenue of $3.06 billion for the quarter ended September 2024, reflecting a year-over-year increase of 9.7% [1] - The earnings per share (EPS) for the quarter was $1.13, up from $0.97 in the same quarter last year, surpassing the consensus estimate of $1.04 by 8.65% [1] Financial Performance Metrics - Operating Income for Electric Distribution was reported at $203.50 million, which fell short of the average estimate of $299.57 million from two analysts [3] - Operating Income for Electric Transmission was $174.90 million, compared to the average estimate of $284 million from two analysts [3] - Operating Income for Natural Gas Distribution was reported at -$30.20 million, worse than the average estimate of -$24.58 million from two analysts [3] Stock Performance - Eversource shares have returned -2.6% over the past month, while the Zacks S&P 500 composite has seen a +0.4% change [4] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [4]