Eversource Energy (NYSE:ES) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$3.06b (up 9.7% from 3Q 2023).

• Net loss: US$118.1m (down by 135% from US$339.7m profit in 3Q 2023).

• US$0.33 loss per share (down from US$0.97 profit in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Eversource Energy EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates.

Looking ahead, revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Electric Utilities industry in the US.

Performance of the American Electric Utilities industry.

The company's shares are down 3.8% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 3 warning signs for Eversource Energy you should be aware of, and 2 of them shouldn't be ignored.

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