Eversource Energy Q4 Earnings Announcement Scheduled
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Should l Buy ES?
Source: seekingalpha
- Earnings Release Date: Eversource Energy is set to announce its Q4 earnings on February 12th after market close, with a consensus EPS estimate of $1.10, reflecting an 8.9% year-over-year growth, indicating robust profitability.
- Revenue Expectations: The anticipated revenue for Q4 is $2.95 billion, representing a 0.7% year-over-year decline, which highlights challenges in the market environment that could impact investor confidence moving forward.
- Performance Against Estimates: Over the past year, Eversource has beaten EPS estimates 75% of the time, although it has only surpassed revenue estimates 25% of the time, suggesting strong performance in profitability but pressure on revenue growth.
- Estimate Revision Trends: In the last three months, EPS estimates have seen three upward revisions and five downward revisions, while revenue estimates have experienced one upward and two downward revisions, indicating analyst divergence and uncertainty regarding the company's future performance.
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Analyst Views on ES
Wall Street analysts forecast ES stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ES is 71.91 USD with a low forecast of 60.00 USD and a high forecast of 80.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
12 Analyst Rating
3 Buy
6 Hold
3 Sell
Hold
Current: 69.300
Low
60.00
Averages
71.91
High
80.00
Current: 69.300
Low
60.00
Averages
71.91
High
80.00
About ES
Eversource Energy is a utility holding company, which is engaged in the energy delivery business through its utility subsidiaries. Its segments include Electric Distribution, Electric Transmission, Natural Gas Distribution and Water Distribution. The Electric Distribution segment is engaged in the distribution of electricity to retail customers in Connecticut, Massachusetts and New Hampshire, respectively, and the solar power facilities of NSTAR Electric Company. The Electric Transmission segment owns and maintains transmission facilities that are part of an interstate power transmission grid over which electricity is transmitted throughout New England. The Natural Gas Distribution distributes natural gas to his customers in central and eastern Massachusetts. The Water Distribution segment provides water services to over 248,000 residential, commercial, industrial, municipal and fire protection and other customers, in 73 towns and cities in Connecticut, Massachusetts and New Hampshire.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Eversource Energy Q4 Earnings Announcement Scheduled
- Earnings Release Date: Eversource Energy is set to announce its Q4 earnings on February 12th after market close, with a consensus EPS estimate of $1.10, reflecting an 8.9% year-over-year growth, indicating robust profitability.
- Revenue Expectations: The anticipated revenue for Q4 is $2.95 billion, representing a 0.7% year-over-year decline, which highlights challenges in the market environment that could impact investor confidence moving forward.
- Performance Against Estimates: Over the past year, Eversource has beaten EPS estimates 75% of the time, although it has only surpassed revenue estimates 25% of the time, suggesting strong performance in profitability but pressure on revenue growth.
- Estimate Revision Trends: In the last three months, EPS estimates have seen three upward revisions and five downward revisions, while revenue estimates have experienced one upward and two downward revisions, indicating analyst divergence and uncertainty regarding the company's future performance.
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Eversource Energy Announces Quarterly Dividend Increase
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- Stable Yield: The forward yield of 4.46% not only attracts income-seeking investors but also reflects the company's financial health in the current market environment, indicating robust operational performance.
- Payment Schedule: The dividend is payable on March 31, with a record date of March 5 and an ex-dividend date also on March 5, ensuring shareholders receive timely returns and enhancing investor confidence in the company's stability.
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Eversource Energy Q4 Earnings Announcement Scheduled
- Earnings Release Date: Eversource Energy is set to announce its Q4 earnings on February 12th after market close, with a consensus EPS estimate of $1.10, reflecting an 8.9% year-over-year growth, indicating robust profitability.
- Revenue Expectations: The anticipated revenue for Q4 is $2.95 billion, representing a 0.7% year-over-year decline, which highlights challenges in the market environment that could impact investor confidence moving forward.
- Performance Against Estimates: Over the past year, Eversource has beaten EPS estimates 75% of the time, although it has only surpassed revenue estimates 25% of the time, suggesting strong performance in profitability but pressure on revenue growth.
- Estimate Revision Trends: In the last three months, EPS estimates have seen three upward revisions and five downward revisions, while revenue estimates have experienced one upward and two downward revisions, indicating analyst divergence and uncertainty regarding the company's future performance.
See More
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- Major Earnings Preview: After Thursday's close, companies including Coinbase Global, Applied Materials, Roku, Twilio, and Airbnb are set to release their earnings, with market participants keenly anticipating their performance, which is expected to significantly impact stock prices.
- Market Reaction Expectations: Investors are particularly eager for the earnings reports from Coinbase and Airbnb, as their results could influence market sentiment across the tech and consumer goods sectors, potentially leading to increased volatility.
- Earnings Season Schedule: In addition to the aforementioned companies, several others such as AEM, RIVN, and WYNN will also report earnings at the same time, highlighting the active nature of this earnings season and its potential to trigger market fluctuations.
- Investor Focus Areas: Analysts will closely monitor key metrics from these earnings reports, including revenue growth, profitability, and future guidance, to assess the companies' performance in the current economic climate and their attractiveness to investors.
See More
Key Focus Areas This Week: Jobs, Consumer Prices, Coca-Cola, CVS, Ford, McDonald's, and More
- Market Performance: The Dow Jones Industrial Average rose by 2.5% and closed above 50,000 for the first time.
- Nasdaq Struggles: In contrast, the Nasdaq Composite ended the week down 1.8%, despite a strong rally on Friday.
See More
U.S. Jobs and Inflation Data Set for Release
- Job Data Expectations: The U.S. is expected to add 60,000 jobs in January, up from 50,000 in December, which could influence the Fed's monetary policy direction amidst ongoing economic uncertainty.
- Inflation Metrics Analysis: The January Consumer Price Index is projected to rise by 0.29% month-over-month and 2.5% year-over-year, showing improvement but still falling short of the Fed's 2% target, potentially affecting investor rate expectations.
- Market Reaction and Risks: Recent signs of labor market weakness, including an ADP report indicating only 22,000 new private sector jobs, may heighten expectations for further Fed rate cuts, although investors remain optimistic about economic resilience.
- Stock Market Rotation Trend: A significant rotation within the stock market is underway, with the Dow Jones Industrial Average rising over 2% this week, reflecting confidence in economic recovery, despite ongoing weakness in tech stocks.
See More
High Dividend Stocks Favored Amid Market Turbulence
- Investor Preference: During turbulent and uncertain market conditions, many investors gravitate towards high dividend-yielding stocks, which typically possess high free cash flows and reward shareholders with substantial dividend payouts.
- Sector Analysis: High-yield stocks in the utilities sector are under significant analyst scrutiny, particularly Brookfield Infrastructure Partners L.P. (BIP), Eversource Energy (ES), and Edison International (EIX), which excel in stability and profitability.
- Analyst Ratings: Based on the most accurate analyst ratings, these three high dividend stocks are considered top picks for investors, reflecting their appeal in uncertain market environments.
- Market Trends: As market volatility intensifies, the demand for high dividend stocks may continue to rise, potentially driving up the stock prices and market performance of these companies.
See More
Eversource Energy Announces Quarterly Dividend Increase
- Dividend Increase: Eversource Energy has declared a quarterly dividend of $0.7875 per share, representing a 4.7% increase from the previous dividend of $0.7525, demonstrating the company's ongoing commitment to stable cash flow and shareholder returns.
- Stable Yield: The forward yield of 4.46% not only attracts income-seeking investors but also reflects the company's financial health in the current market environment, indicating robust operational performance.
- Payment Schedule: The dividend is payable on March 31, with a record date of March 5 and an ex-dividend date also on March 5, ensuring shareholders receive timely returns and enhancing investor confidence in the company's stability.
- Market Reaction: Amid Goldman Sachs' view that the U.S. offshore wind halt will be short-lived, Eversource Energy's stock price may experience positive momentum, especially following its upgrade to a 'Buy' rating by Janney, suggesting potential for future growth.
See More
