Eversource Energy, a utility holding company in Springfield, MA, is set to release its Q2 results on July 30. Analysts expect non-GAAP earnings of $0.99 per share, a 4.2% increase from last year. Earnings for 2020 are projected at $4.74 per share, with a 4.9% increase in 2026.
ES stock has grown 13.8% in the past year, slightly underperforming the Utilities Select Sector SPDR Fund but outperforming the S&P 500. After reporting Q1 results, ES saw a 23.6% revenue increase year over year, with an adjusted EPS of $1.50. Full-year EPS is expected to be between $4.67 and $4.82.
Analysts have a “Moderate Buy” rating on ES, with a price target of $68.81, indicating a 4.1% potential upside. The consensus includes eight “Strong Buys,” eight “Holds,” one “Moderate Sell,” and two “Strong Sells.” ES has met or exceeded earnings expectations in the past four quarters.
Read more at Yahoo Finance: What to Expect From Eversource’s Next Quarterly Earnings Report