Eversource Energy (NYSE: ES) has reported earnings for its third fiscal quarter (ending September 30) of $0.97 versus $1.01 for the same period a year ago — a decline of -4%. This result fell short of the consensus estimate of $0.98 by $-0.01. For the latest four quarters through September 30, E.P.S. were $3.34 versus $4.02 for the same period a year ago — a decline of -17%.
Recent Price Action
Eversource Energy (NYSE: ES) stock enjoyed a large increase of 2.0% on 11/6/23. The stock closed at $56.56. The stock has been weak relative to the market over the last nine months but has risen 6.4% during the last week.
Current PriceTarget Research Rating
ES is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Eversource Energy has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Eversource Energy has a good Appreciation Score of 80 but a slightly negative Power Rating of 30, with the Neutral Value Trend Rating the result.
Rating Review
In light of this discouraging new earnings information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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