Eversource Energy Q3 Earnings and Revenues Beat Estimates

Zacks11-05 21:15

Eversource Energy ES reported third-quarter 2024 adjusted earnings of $1.13 per share, which surpassed the Zacks Consensus Estimate of $1.04 per share by 8.7%. The bottom line also increased 16.5% ...

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The bottom line also increased 16.5% ...</p>\n\n<a href=\"https://finance.yahoo.com/news/eversource-energy-q3-earnings-revenues-131500659.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Eversource Energy Q3 Earnings and Revenues Beat Estimates</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEversource Energy Q3 Earnings and Revenues Beat Estimates\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-05 21:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/eversource-energy-q3-earnings-revenues-131500659.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Eversource Energy ES reported third-quarter 2024 adjusted earnings of $1.13 per share, which surpassed the Zacks Consensus Estimate of $1.04 per share by 8.7%. The bottom line also increased 16.5% ...</p>\n\n<a href=\"https://finance.yahoo.com/news/eversource-energy-q3-earnings-revenues-131500659.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ES","symbol_name":"Eversource Energy","start_time":0,"source_url":"https://finance.yahoo.com/news/eversource-energy-q3-earnings-revenues-131500659.html","article_id":"2481859326","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/K.BBpbK4exyplNQ2Ftr2eQ--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/1f694a157d005210e73c21297d443551"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481859326","pubTimestamp":1730812500,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Eversource Energy ES reported third-quarter 2024 adjusted earnings of $1.13 per share, which surpassed the Zacks Consensus Estimate of $1.04 per share by 8.7%. The bottom line also increased 16.5% from the year-ago figure of 97 cents.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Revenues of $3.06 billion beat the Zacks Consensus Estimate of $3.05 billion by 0.4%. Total revenues also increased 9.6% from the year-ago figure of $2.79 billion.Total operating expenses were $2.45 billion, up 8.4% year over year due to higher operations and maintenance expenses, and increased depreciation and amortization expenses.Operating income totaled $612.4 million, up 15.4% year over year.Interest expenses amounted to $300.6 million, 35.2% higher than the prior-year level.Eversource Energy currently carries a Zacks Rank #3 . You can see the complete list of today’s Zacks #1 Rank  stocks here.Pinnacle West Capital Corporation PNW is scheduled to report third-quarter results on ","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"ES":"Eversource Energy"},"translate_title":"Eversource Energy第三季度盈利和收入超出预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ES":1},"content_text":"Eversource Energy ES reported third-quarter 2024 adjusted earnings of $1.13 per share, which surpassed the Zacks Consensus Estimate of $1.04 per share by 8.7%. The bottom line also increased 16.5% from the year-ago figure of 97 cents.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.\nTotal Revenues of ES\nRevenues of $3.06 billion beat the Zacks Consensus Estimate of $3.05 billion by 0.4%. Total revenues also increased 9.6% from the year-ago figure of $2.79 billion.\n\nEversource Energy Price, Consensus and EPS Surprise\n  \nEversource Energy price-consensus-eps-surprise-chart | Eversource Energy Quote\n\nHighlights of ES’ Earnings Release\nTotal operating expenses were $2.45 billion, up 8.4% year over year due to higher operations and maintenance expenses, and increased depreciation and amortization expenses.Operating income totaled $612.4 million, up 15.4% year over year.Interest expenses amounted to $300.6 million, 35.2% higher than the prior-year level.\nES’ Segmental Performance\nElectric Transmission: Earnings totaled $174.9 million, up 9.1% year over year. This was due to a higher level of investment in Eversource’s electric transmission system.Electric Distribution: Earnings amounted to $203.5 million, up 17.4% year over year. This was due to base distribution rate increases at NSTAR Electric and PSNH, and continued investments in its distribution system. The rise can also be attributed to lower storm-related operations and maintenance expenses.Natural Gas Distribution: This segment reported a loss of $30.2 million, narrower than the year-ago loss of $33.7 million.Water Distribution: Earnings amounted to $23.7 million, up 42.8% year over year. This was due to higher revenues from its water acquisition and lower depreciation expenses.Eversource Parent & Other Companies: The segment reported earnings of $34 million, up 46.6% year over year. This was caused primarily by a lower effective tax rate.\nES’ Guidance\nEversource Energy lowered its 2024 earnings guidance to $4.52-$4.60 per share from the previous projection of $4.50-$4.67. The Zacks Consensus Estimate is pegged at $4.56 per share, which is on par with the midpoint of thecompany’s new guided range.ES expects its long-term EPS growth rate from existing core regulated businesses to be between 5% and 7% through 2028, using $4.34 per share (in 2023) as a base.It has raised its guidance for capital investments to $23.7 billion from the previously predicted $23.1 billion for the 2024-2028 period. This is due to the recent approval of the Electric Sector Modernization Plan in Massachusetts.\nES’ Zacks Rank\nEversource Energy currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.\nUpcoming Releases\nPinnacle West Capital Corporation PNW is scheduled to report third-quarter results on Nov. 6, before market open. The Zacks Consensus Estimate for earnings is pegged at $3.35 per share.PNW’s long-term (three to five years) earnings growth rate is 8.22%. The Zacks Consensus Estimate for 2024 earnings is pinned at $4.90 per share, which implies a year-over-year improvement of 11.1%.Evergy EVRG is scheduled to report third-quarter results on Nov. 7, before market open. The Zacks Consensus Estimate for earnings is pegged at $1.95 per share, which suggests a year-over-year increase of 3.7%.EVRG’s long-term earnings growth rate is 5.85%. The Zacks Consensus Estimate for 2024 earnings is pinned at $3.84 per share, which implies a year-over-year improvement of 8.5%.NRG Energy NRG is scheduled to report third-quarter results on Nov. 8, before market open. The Zacks Consensus Estimate for earnings is pegged at $1.71 per share, which suggests a year-over-year increase of 5.6%.The Zacks Consensus Estimate for 2024 earnings is pinned at $6.17 per share, which implies a year-over-year improvement of 42.8%. It delivered an average earnings surprise of 7% in the past four quarters. \nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nNRG Energy, Inc. (NRG) : Free Stock Analysis Report\nPinnacle West Capital Corporation (PNW) : Free Stock Analysis Report\nEversource Energy (ES) : Free Stock Analysis Report\nEvergy Inc. (EVRG) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2481859326"}