Eversource Energy reports results for the quarter ended September 30 - Earnings Summary

• Eversource Energy ES.N reported quarterly adjusted earnings of 92 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 98 cents. The mean expectation of fourteen analysts for the quarter was for earnings of 90 cents per share. Wall Street expected results to range from 89 cents to 92 cents per share.

• Revenue fell 7.5% to $2.98 billion from a year ago; analysts expected $3.22 billion.

• Eversource Energy's reported EPS for the quarter was 92 cents​.

• The company reported quarterly net income of $346.01 million.

• Eversource Energy shares had risen by 7.6% this quarter and gained 2.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 12.5% in the last three months.​

• In the last 30 days, nine analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy," 10 "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 $73.11, about 3.6% above its last closing price of $70.46

This summary was machine generated from LSEG data November 4 at 11:24 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)