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
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 EPS | $0.99 |
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.)