Overview

• Eversource Q3 GAAP EPS at $0.99, up from a loss last year

• Non-GAAP recurring EPS for Q3 rises to $1.19 from $1.13

• Company narrows full-year non-GAAP EPS guidance to $4.72-$4.80

Outlook

• Eversource narrows 2025 non-GAAP EPS guidance to $4.72-$4.80

• Company reaffirms 5%-7% EPS growth from 2024 base

• Eversource focuses on grid modernization amid regulatory changes

Result Drivers

• ELECTRIC TRANSMISSION - Earnings increased due to continued investment in the electric transmission system

• ELECTRIC DISTRIBUTION - Higher revenues from base distribution rate increases in New Hampshire and Massachusetts

• NATURAL GAS DISTRIBUTION - Rate increases in Massachusetts improved results despite higher expenses

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 6 "hold" and 3 "sell" or "strong sell"

• The average consensus recommendation for the electric utilities peer group is "buy"

• Wall Street's median 12-month price target for Eversource Energy is $76.00, about 2.2% above its November 3 closing price of $74.36

• The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 13 three months ago

Press Release: ID:nBw1p7hVha

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)