For its second fiscal quarter (ending June 30), Eversource Energy (NYSE: ES) has reported E.P.S. of $0.95 compared to $0.04 a year ago. E.P.S. were $-0.27 for the latest four quarters through June 30 versus $3.38 for the same period a year ago.
Recent Price Action
Eversource Energy (NYSE: ES) stock declined modestly by -1.6% on 7/31/24. The stock closed at $64.91. Moreover, exceptionally high trading volume at 238% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and has risen 6.7% during the last week.
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 (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Eversource Energy has a good Appreciation Score of 74 but a neutral Power Rating of 47, leading to the High 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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