Eversource Energy (NYSE:ES) is reporting third quarter earnings results on Tuesday 3rd November 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 1.02 per share.
For the full year, analysts predict revenues of $ 8878.83 million, while looking forward to income of $ 3.64 per share.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 3.60 ~ $ 3.70 per share
Click Here For More Historical Outlooks Of Eversource Energy
Previous Quarter Performance
Eversource Energy unfold income for the second quarter of $ 0.76 per share, from the revenue of $ 1,953.00 million. The quarterly earnings grew 2.70 percent while revenues elevated 3.64 percent compared with the same quarter last year. The top line results fell short of analysts by $ 18.46 million or 0.94 percent.
Stock Performance
Shares of Eversource Energy traded up $ 3.32 or 3.80 percent on Monday, reaching $ 90.59 with volume of 1.30 million shares. Eversource Energy has traded high as $ 90.67 and has cracked $ 87.68 on the downward trend
The closing price of $ 90.59, representing a 43.80 % increase from the 52 week low of $ 60.69 and a 12.22 % decrease over the 52 week high of $ 99.42.
The company has a market capital of $ 31.18 billion and is part of the Utilities sector and Utilities – Regulated Electric industry.
Recent Analyst recommendations
- On 19th October 2020, maintained by KeyBanc at Overweight rating, with $ 98.00 target price.
- On 5th October 2020, maintained by Morgan Stanley at Underweight rating, with $ 81.00 target price.
- On 18th September 2020, maintained by Morgan Stanley at Underweight rating, with $ 82.00 target price.
Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates in four segments: Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution. It is involved in the transmission and distribution of electricity; and distribution of natural gas.
