Eversource Energy reports results for the quarter ended in September 30 - Earnings Summary

Eversource Energy

05/11/2024 07:56

* Eversource Energy  ES.N  reported a quarterly adjusted
loss
of 33 cents​​ per share for the quarter ended September 30,
lower than the same quarter last year, when the company reported
EPS of 97 cents.  The mean expectation of eighteen analysts for
the quarter was for earnings of $1.08 per share. Wall Street
expected results to range from 85 cents to $1.14 per share.
    * Revenue rose 9.7% to $3.06 billion from a year ago;
analysts
expected $3.06 billion. 
    * Eversource Energy's reported EPS for the quarter was a
loss
of 33 cents​.
    * The company reported a quarterly loss of $118.06 million.
    * Eversource Energy shares had fallen by 6.8% this
quarter and
gained 2.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 5.4%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 10
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the electric
utilities
peer group is also "buy"

Wall Street's median 12-month price target for Eversource Energy
is $73.06 
This summary was machine generated from LSEG data November 5 at
07:56 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      1.08           -0.33          Missed
 Jun. 30 2024      0.96           0.95           Missed
 Mar. 31 2024      1.46           1.49           Beat
 Dec. 31 2023      0.97           1.36           Beat