Eversource (ES) to Report Q1 Earnings: What’s in the Offing?

Eversource Energy


ES

is scheduled to release

first-quarter 2022

earnings on May 4. Eversource Energy delivered a negative earnings surprise of 2.15% in the last reported quarter.

Let’s see how things have shaped up before the upcoming earnings announcement.

Factors to Consider

Eversource Energy’s first-quarter earnings are expected to have benefited from its transmission capital investment, reliability investment and capital recovery programs. First-quarter earnings are likely to have gained from contribution from its regulated businesses.

Expectation

The Zacks Consensus Estimate earnings for first quarter is pegged at $1.23 per share, indicating a nearly 7% rise from the year-ago reported figure.

What the Quantitative Model Predicts

Our proven model does not conclusively predict an earnings beat for Eversource this time. 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. However, that is not the case here as you will see below.

Earnings ESP:

Eversource has an Earnings ESP of +0.41%. You can uncover the best stocks to buy or sell, before they’re reported with our

Earnings ESP Filter

.

Zacks Rank

: Currently, ES carries a Zacks Rank #4 (Sell). You can see


the complete list of today’s Zacks #1 Rank stocks here


.

Stocks to Consider

Investors can consider the following players from the same sector that have the right combination of elements to beat earnings in the upcoming releases.

MGE Energy


MGEE

is likely to come up with an earnings beat when it reports first-quarter results on May 5, before market open. MGE Energy has an Earnings ESP of +3.63% and carries a Zacks Rank #2 at present. MGEE’s long-term earnings growth is projected at 6.1%.

Dominion Energy


D

is likely to come up with an earnings beat when it reports first-quarter results on May 5, before market open. Dominion Energy has an Earnings ESP of +0.42% and carries a Zacks Rank #3 at present. D’s long-term earnings growth is projected at 6.1%.

BCE Inc.


BCE

is likely to come up with an earnings beat when it reports first-quarter results on May 5, before market open. BCE has an Earnings ESP of +3.14% and carries a Zacks Rank #3 at present. BCE’s long-term earnings growth is projected at 4.5%.

Stay on top of upcoming earnings announcements with the

Zacks Earnings Calendar

.

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