Recap: Eversource Energy Q4 Earnings

 

Eversource Energy ES reported its Q4 earnings results on Wednesday, February 16, 2022 at 04:15 PM.

Here's what investors need to know about the announcement.

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Earnings

Eversource Energy missed estimated earnings by 2.15%, reporting an EPS of $0.91 versus an estimate of $0.93.

Revenue was up $248.00 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.03, which was followed by a 0.04% drop in the share price the next day.

Here's a look at Eversource Energy's past performance:

 

Quarter Q3 2021 Q2 2021 Q1 2021 Q4 2020
EPS Estimate 1.05 0.79 1.09 0.85
EPS Actual 1.02 0.79 1.06 0.85
Revenue Estimate 2.44B 2.06B 2.58B 2.11B
Revenue Actual 2.46B 2.12B 2.83B 2.23B

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

Eversource Energy management provided guidance for their next quarter, expecting earnings between $4.0 and $4.17 per share for the next quarter.

This represents a 348.9% in quarter-over-quarter growth for Eversource Energy, a bullish signal to many investors.

To track all upcoming earnings announcements, click to use Benzinga Earnings Calendar.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: BZI-RecapsEarningsNews