Eversource Energy (NYSE: ES) has reported earnings for its first fiscal quarter (ending March 31) of $1.49 versus $1.41 for the same period a year ago — an increase of 6%. Relative to the consensus estimate of $1.52, this was a shortfall of $-0.03. For the latest four quarters through March 31, E.P.S. were $-1.18 compared to $4.18 a year ago — a decline of -128%.
Recent Price Action
Eversource Energy (NYSE: ES) stock closed at $61.62 on 5/1/24 after an increase of 1.6%. Trading volume in this advance was normal. The stock has risen 2.1% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, ES is expected to continue to be an important Value Builder.
Eversource Energy has a current Value Trend Rating of C (Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Eversource Energy has a good Appreciation Score of 73 but a slightly negative Power Rating of 38, leading to the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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