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Eversource Energy Reports Strong Q4 Earnings and Revenue Growth

Eversource Energy's Q4 earnings reveal a significant recovery with $72.52 million profit, up from a notable loss last year. EPS reached $0.20, slightly above analysts' expectations. Revenue also showed solid growth, indicating positive momentum for the company.

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AI Rating:   7

Earnings Per Share (EPS): Eversource Energy recorded an EPS of $0.20 in Q4, a notable improvement compared to -$3.68 in the same period last year. The adjusted EPS of $1.01, excluding certain items, indicates strong performance that exceeds analyst expectations of $0.99.

Revenue Growth: Revenue for Q4 stood at $2.971 billion, which shows solid growth from $2.694 billion in the previous year’s Q4. This increase further emphasizes the company's recovery and potential for continued growth going forward.

Both the EPS and revenue figures suggest a turnaround for Eversource Energy, which could positively influence investor sentiment and stock prices. The discrepancy between the expected EPS and actual performance demonstrates the potential for upward revisions of future earnings forecasts.