Eversource Energy EPS Forecast Up Ahead of Q4 Earnings Release

Eversource Energy anticipates a Q4 EPS of $0.99, a 4.2% increase year-over-year. The company's focus on sustainable energy and increased revenue growth positions it favorably, despite recent stock performance lagging behind broader indices.

Date: 18-01-2025

AI Rating: 7

Earnings Per Share (EPS): The report indicates that Eversource Energy is expected to report an EPS of $0.99 for Q4, representing a 4.2% increase from $0.95 in the same quarter the previous year. This improvement aligns with the company's history of meeting or exceeding Wall Street's adjusted EPS projections. For fiscal 2024, analysts project an adjusted EPS of $4.56, marking a 5.1% growth from $4.34 in fiscal 2023.

Revenue Growth: The company reported a revenue increase of 9.7% year-over-year, reaching $3.06 billion in Q3, slightly surpassing the expected $3.05 billion. This positive revenue trend, alongside effective cost management, contributed to Eversource Energy's increased earnings per share.

Market Performance: Despite a strong showing in earnings and revenue growth, Eversource's shares have only risen 3.3% over the past 52 weeks, significantly trailing both the S&P 500's 24.6% gain and the Utilities Select Sector's 25.7% returns. Additionally, shares dropped 2.1% after the Q3 earnings release. This could affect investor sentiment and stock price performance.

Investment and Analyst Ratings: The consensus opinion on Eversource Energy stock remains moderately bullish, with the mean price target of $70.56 suggesting a potential upside of 21.4% from current levels. Analysts show a balanced view with a mix of strong buy, hold, and sell recommendations. The forthcoming earnings release will be critical in shaping future investor expectations and stock price trajectory.

Stocks: ES