ES Earnings Prediction
The chart below shows how ES performed 10 days before and after its earnings report, based on data from the past quarters. Typically, ES sees a -1.68% change in stock price 10 days leading up to the earnings, and a +0.10% change 10 days following the report. On the earnings day itself, the stock moves by +0.14%. This data can give you a slight idea of what to expect for the next quarter's release.
ES Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
3.06B
9.73%
20.91%
Gross Margin
58.08%
25.36%
10.02%
Operating Margin
19.99%
5.16%
-15.94%
Net Margin
-3.79%
-130.96%
-128.47%
EPS
-0.33
-134.02%
-134.74%
No Data Available
ES Earnings Analysis
Eversource Energy Corporation (ES.N) Earnings Conference Call
Positive
Wind Project Sale Milestone: In the third quarter, we reached an important milestone with the sale of Revolution Wind and South Fork Wind to global infrastructure partners.
Offshore Wind Exit: We have exited the offshore wind development business.
Utility Service Excellence: We are now a pure-play regulated pipes and wires utility that delivers superior service and value to our customers.
Capital Investment Strategy: We have a robust capital plan through 2028, where we expect to invest nearly $24 billion in our regulated electric, natural gas, and water business.
Infrastructure Investment Plan: Our plan includes nearly $6 billion of transmission and over $10 billion of electric distribution infrastructure investments through 2028.
Negative
Divestiture Net Loss: we recognized an aggregate net loss on the divestiture of $524 million
Sale Terms Obligations Loss: included in this loss was approximately $365 million related to obligations under the sale terms with GIP
Quarterly Loss Per Share: GAAP results for the third quarter were a loss of $0.33 per share
Offshore Wind Divestiture Loss: these results include an after-tax loss of $1.46 per share related to the offshore wind divestiture
Earnings Per Share Comparison: absent the offshore wind after-tax loss, recurring earnings were $1.13 per share in the third quarter compared with GAAP and recurring earnings of $0.97 per share for the third quarter of last year
ES FAQs
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ES Earning Call Sentiment
Eversource Energy (ES) Q3 2024 Earnings Call Transcript
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ES.N
0.74%Positive
The earnings call summary reveals several concerns: a net loss due to divestitures, higher expenses affecting earnings, and equity dilution. Although recurring EPS improved, GAAP EPS showed a loss. The Q&A highlighted uncertainties in regulatory recovery and under-earning in Yankee Gas. Despite optimistic guidance and infrastructure investments, the financial health and shareholder return plan are overshadowed by these issues. Without a market cap, the stock's reaction is uncertain, but the overall sentiment leans negative due to financial and strategic challenges.
