Eversource EnergyNYSE: ES

The headline numbers for Eversource (ES) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Eversource Energy (ES) reported quarterly earnings of $1.13 per share, which is higher than the Zacks Consensus Estimate of $1.04 per share. This is an increase compared to earnings of $0.97 per share from the same period last year.

ES is likely to see positive results in the third quarter of 2024 due to the completed sale of the Sunrise Wind project and increased earnings from electric distribution.

Eversource (ES) has the right mix of factors that could lead to a strong earnings report soon. Be ready for the important expectations.

Eversource Energy is a top regulated utility in New England, with an anticipated annual diluted EPS growth of 5%-7% driven by electrification and a strong economy. The company aims to invest $23.1 billion between 2024 and 2028 to upgrade its infrastructure and achieve these growth goals. Eversource is in good financial shape, and its solid 4.3% dividend is expected to increase by 6% each year.

HARTFORD, Conn. & BOSTON--(BUSINESS WIRE)--Eversource Energy will host a live webcast of a conference call with financial analysts on Tuesday, November 5, 2024, starting at 9 a.m. Eastern Time. During this call, senior management will discuss the company's financial results for the third quarter of 2024. You can listen to the presentation live by visiting the Investors section of the Eversource website at https://www.eversource.com/content/general/residential/about/investors/presentations-webcast.

ES's organized plans for capital investment and growth in renewable energy should enhance its overall performance even more.

Eversource Energy is making significant investments to update its grid in order to improve old infrastructure and meet future energy demands, which will help it grow and stay strong in the utility industry. Even though the company has seen a drop in revenue recently, its operating income and EBITDA have been growing, showing that it is performing well despite challenging economic conditions. Eversource is also focusing on enhancing its services by investing in new substations, electric distribution, and customer service improvements.

HARTFORD, Conn. & BOSTON--(BUSINESS WIRE)--Eversource Energy (NYSE: ES) is excited to introduce Rima Hyder as the new Vice President of Investor Relations. With over 20 years of experience in finance, communications, and investor relations across various industries, Hyder will guide the company's strategy to build and sustain strong connections with investors and other important stakeholders. Matt Fallon will remain in his current role.