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Market Overview

Eversource Energy's Earnings Outlook


Eversource Energy (NYSE:ES) releases its next round of earnings this Friday, July 30. Here is Benzinga's essential guide to Eversource Energy's Q2 earnings report.

Net Income, Earnings, And Earnings Per Share

Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.

Earnings And Revenue

Analysts predict Eversource Energy will report earnings of $0.79 per share on revenue of $2.06 billion. Eversource Energy earnings in the same period a year ago was $0.76 per share. Quarterly sales came in at $1.95 billion.

Why Analyst Estimates And Earnings Surprises Are Important

Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the "consensus estimates." A company posting earnings or revenue above or below the consensus estimate is known as an "earnings surprise" and may move the stock by a considerable margin.

The analyst consensus estimate would represent a 3.95% increase in the company's EPS figure. Revenue would be up 5.48% from the year-ago period. In comparison to analyst estimates in the past, here is how the company's reported EPS stacks up:

Quarter Q1 2021 Q4 2020 Q3 2020 Q2 2020
EPS Estimate 1.09 0.85 1.02 0.77
EPS Actual 1.06 0.85 1.02 0.76
Revenue Estimate 2.58 B 2.11 B 2.26 B 1.97 B
Revenue Actual 2.83 B 2.23 B 2.34 B 1.95 B

eps graph

Want Real-Time Earnings Calendar Updates?

Benzinga consistently updates its earnings calendars to stay up-to-date with the latest company earnings reports. Check out the full earnings calendar list updated in real-time by following this link.

Stock Performance

Shares of Eversource Energy were trading at $86.38 as of July 28. Over the last 52-week period, shares are down 4.14%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. Eversource Energy is scheduled to hold the call at 09:00:00 ET and can be accessed here.


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Posted-In: BZI-EPEarnings