$0.80 Earnings Per Share Expected for Eversource Energy (NYSE:ES) This Quarter

Analysts predict that Eversource Energy (NYSE:ES) will announce earnings of $0.80 per share for the current quarter, according to Zacks. Two analysts have made estimates for Eversource Energy’s earnings. The highest EPS estimate is $0.83 and the lowest is $0.78. Eversource Energy posted earnings per share of $0.73 in the same quarter last year, which indicates a positive year-over-year growth rate of 9.6%. The business is scheduled to announce its next earnings results on Wednesday, February 19th.

According to Zacks, analysts expect that Eversource Energy will report full year earnings of $3.46 per share for the current year, with EPS estimates ranging from $3.45 to $3.47. For the next financial year, analysts expect that the business will report earnings of $3.65 per share, with EPS estimates ranging from $3.58 to $3.69. Zacks’ EPS calculations are an average based on a survey of research analysts that follow Eversource Energy.

Eversource Energy (NYSE:ES) last issued its earnings results on Tuesday, November 5th. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.02. The business had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.26 billion. Eversource Energy had a net margin of 10.46% and a return on equity of 9.28%. The business’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.91 EPS.

ES has been the subject of a number of recent analyst reports. ValuEngine lowered shares of Eversource Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. UBS Group lowered shares of Eversource Energy from a “buy” rating to a “neutral” rating and set a $91.00 price target for the company. in a research report on Tuesday, October 29th. Guggenheim upgraded shares of Eversource Energy from a “neutral” rating to a “buy” rating and boosted their price target for the company from $76.00 to $88.00 in a research report on Wednesday, September 4th. Morgan Stanley boosted their price target on shares of Eversource Energy from $80.00 to $83.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. Finally, KeyCorp boosted their price target on shares of Eversource Energy from $88.00 to $95.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Two research analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company. Eversource Energy currently has a consensus rating of “Hold” and an average price target of $81.45.

Large investors have recently made changes to their positions in the stock. Mason Street Advisors LLC grew its position in Eversource Energy by 0.7% in the third quarter. Mason Street Advisors LLC now owns 46,103 shares of the utilities provider’s stock worth $3,940,000 after acquiring an additional 309 shares in the last quarter. Acadian Asset Management LLC grew its position in Eversource Energy by 42.0% in the second quarter. Acadian Asset Management LLC now owns 44,174 shares of the utilities provider’s stock worth $3,347,000 after acquiring an additional 13,074 shares in the last quarter. Tiedemann Advisors LLC grew its position in Eversource Energy by 3.4% in the third quarter. Tiedemann Advisors LLC now owns 59,298 shares of the utilities provider’s stock worth $5,068,000 after acquiring an additional 1,938 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in Eversource Energy by 1.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,597,047 shares of the utilities provider’s stock worth $136,499,000 after acquiring an additional 23,888 shares in the last quarter. Finally, APG Asset Management N.V. grew its position in Eversource Energy by 13.5% in the second quarter. APG Asset Management N.V. now owns 1,357,503 shares of the utilities provider’s stock worth $90,309,000 after acquiring an additional 161,400 shares in the last quarter. Institutional investors own 81.58% of the company’s stock.

Shares of ES traded down $0.96 during mid-day trading on Friday, reaching $81.20. 2,115,702 shares of the stock traded hands, compared to its average volume of 1,710,276. The firm has a fifty day moving average price of $82.67 and a 200 day moving average price of $79.87. The company has a market cap of $26.29 billion, a price-to-earnings ratio of 24.76, a price-to-earnings-growth ratio of 4.25 and a beta of 0.16. The company has a current ratio of 0.59, a quick ratio of 0.54 and a debt-to-equity ratio of 1.11. Eversource Energy has a 1 year low of $62.61 and a 1 year high of $86.55.

About Eversource Energy

Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates in four segments: Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution. It is involved in the transmission and distribution of electricity; and distribution of natural gas.

Read More: Trading Strategy Methods for Individual Investors

Get a free copy of the Zacks research report on Eversource Energy (ES)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Eversource Energy (NYSE:ES)

Receive News & Ratings for Eversource Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eversource Energy and related companies with MarketBeat.com's FREE daily email newsletter.