Eversource Energy (ES) Earnings: 2Q Revenue Misses Estimates, EPS Outpaces Expectations

Eversource Energy on Smartkarma

Analyst coverage of Eversource Energy on Smartkarma highlights the positive outlook for the company’s performance. Baptista Research‘s report, “Eversource Energy: Initiation of Coverage – What Is Its Core Business Strategy? – Major Drivers,” underscores the company’s successful transition towards a regulated utilities business, focusing on delivering safe and reliable energy solutions. Eversource Energy reported a strong first-quarter performance, with gross earnings reaching $1.49 per share, up from $1.41 per share the previous year. The company is on track to meet its projected EPS guidance of $4.50 to $4.67 for 2024, driven by growth in segments such as Electric Transmission and Natural Gas Distribution.

A look at Eversource Energy Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, Eversource Energy is positioned well for the long term. The company ranks high in value and dividend scores, indicating strong fundamentals and potential returns for investors. With these favorable ratings, Eversource Energy appears to be a solid choice for those seeking stable and consistent performance in the utility sector.

However, the growth and resilience scores for Eversource Energy are somewhat lower. This suggests that while the company may not exhibit high growth potential or extraordinary resilience, its overall financial health and ability to generate returns for shareholders remain robust. The momentum score of 4 implies that Eversource Energy is currently experiencing positive market momentum, which could further bolster its outlook in the foreseeable future.

Summary: Eversource Energy, a public utility holding company, delivers retail electric service in Connecticut, New Hampshire, and western Massachusetts. Additionally, the company distributes natural gas throughout Connecticut.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.

💡 Before it’s here, it’s on Smartkarma