Springfield, Massachusetts-based Eversource Energy (ES) is a public utility holding company that engages in the energy delivery business. With a market cap of $23.9 billion, the company operates through Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution segments.
The company is set to unveil its second-quarter results on Thursday, July 30. Ahead of the event, analysts expect ES to report non-GAAP earnings of $0.99 per share, up 4.2% from the profit of $0.95 per share reported in the year-ago quarter. Additionally, the company has surpassed or met the Street’s bottom-line projections in each of the past four quarters.
For the current year, its earnings are expected to be $4.74 per share, up 3.7% from $4.57 per share reported in the year-ago quarter. Moreover, in fiscal 2026, its earnings are expected to rise 4.9% year-over-year to $4.97 per share.
ES stock has grown 13.8% over the past 52 weeks, underperforming the Utilities Select Sector SPDR Fund’s (XLU) 18.9% surge but outperforming the S&P 500 Index’s ($SPX) 11.5% uptick during the same time frame.
ES shares closed down marginally after reporting its Q1 results. The company’s revenue came in at $4.1 billion, increasing 23.6% year over year. Moreover, its adjusted EPS for the quarter amounted to $1.50, which successfully matched the consensus estimates. Looking ahead, ES expects full-year EPS in the range of $4.67 to $4.82.
The consensus opinion on ES is moderately optimistic, with a “Moderate Buy” rating overall. Of the 19 analysts covering the stock, opinions include eight “Strong Buys,” eight “Holds,” one “Moderate Sell,” and two “Strong Sells.” ES’ average analyst price target of $68.81 indicates a potential upside of 4.1% from the current levels.
