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Eversource Energy (ES) to Post Q2 Earnings: What's in Store?

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Eversource Energy ES is slated to release second-quarter 2021 financial results on Jul 30. The utility came up with an earnings surprise of 4.6% in the last reported quarter.

Let’s discuss the factors that are likely to get reflected in the upcoming quarterly results.

Factors to Consider

Eversource Energy’s second-quarter earnings are likely to have benefited from contribution from the acquired Columbia Gas of Massachusetts assets. The company’s second-quarter earnings are likely to have benefited from electric transmission system investment.

Cost-management initiatives undertaken by the company are likely to have boosted margins during the to-be-reported quarter.

Expectation

The Zacks Consensus Estimate for second-quarter revenues and earnings per share is pegged at $2.18 billion and 81 cents, indicating 11.7% and 6.6% growth, respectively, from the year-ago reported figures.

What Our Quantitative Model Predicts

Our proven model does not conclusively predict an earnings beat for Eversource Energy this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. That is not the case here as you will see below.

Eversource Energy Price and EPS Surprise

Eversource Energy Price and EPS Surprise
Eversource Energy Price and EPS Surprise

Eversource Energy price-eps-surprise | Eversource Energy Quote

Earnings ESP: Its Earnings ESP is -0.33%.

You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Zacks Rank: Eversource Energy currently carries a Zacks Rank #4 (Sell).

Stocks to Consider

Investors can consider the following players from the industry that have the right combination of elements to post an earnings beat in the to-be-reported quarter.

Xcel Energy Inc. XEL is scheduled to release second-quarter 2021 earnings on Jul 29. It has an Earnings ESP of +0.45% and a Zacks Rank of 3. You can see the complete list of today’s Zacks #1 Rank stocks here.

Duke Energy Corporation DUK is set to release second-quarter 2021 results on Aug 5. It has an Earnings ESP of +0.15% and a Zacks Rank of 3.

NRG Energy, Inc. NRG is set to release second-quarter 2021 results on Aug 5. It has an Earnings ESP of +32.84% and a Zacks Rank of 3.


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Xcel Energy Inc. (XEL) : Free Stock Analysis Report

NRG Energy, Inc. (NRG) : Free Stock Analysis Report

Duke Energy Corporation (DUK) : Free Stock Analysis Report

Eversource Energy (ES) : Free Stock Analysis Report

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