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What's in Store for Eversource Energy (ES) in Q1 Earnings?
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Eversource Energy (ES - Free Report) is scheduled to report first-quarter 2017 results before the market opens on May 4. Last quarter, the company reported negative earnings surprise of 4.00%. Let’s see how things are holding up for the first quarter.
Factors to Consider
Mild winter is expected to lower demand for utility services and adversely impact earnings in the first quarter.
The company has gained from the efficient management of expenses in 2016. We expect Eversource Energy to continue to control expenses, thereby boosting the margins of the company.
Earnings Whispers
Our proven model does not conclusively show that Eversource Energy is likely to beat earnings estimates this quarter. That is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. Unfortunately, that is not the case here, as you will see below.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks ESP: Eversource Energy’s Earnings ESP is 0.00% as the Most Accurate estimate and the Zacks Consensus Estimate are both pegged at 83 cents.
Zacks Rank: Eversource Energy carries a Zacks Rank #4 (Sell). As it is, we caution against stocks with a Zacks Rank #4 or 5 (Strong Sell) going into the earnings announcement, especially when the company is witnessing negative estimate revisions.
Stocks to Consider
You may consider the following companies from the Zacks categorized Utility – Electric Power industry that have all the key ingredients to post beats this earnings season.
PPL Corporation (PPL - Free Report) has an Earnings ESP of +1.61% and a Zacks Rank #3. It is slated to report first-quarter 2017 earnings on May 4.
Dominion Resources, Inc. (D - Free Report) has an Earnings ESP of +2.15% and a Zacks Rank #3. It is slated to report first-quarter 2017 earnings on May 4.
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What's in Store for Eversource Energy (ES) in Q1 Earnings?
Eversource Energy (ES - Free Report) is scheduled to report first-quarter 2017 results before the market opens on May 4. Last quarter, the company reported negative earnings surprise of 4.00%. Let’s see how things are holding up for the first quarter.
Factors to Consider
Mild winter is expected to lower demand for utility services and adversely impact earnings in the first quarter.
The company has gained from the efficient management of expenses in 2016. We expect Eversource Energy to continue to control expenses, thereby boosting the margins of the company.
Earnings Whispers
Our proven model does not conclusively show that Eversource Energy is likely to beat earnings estimates this quarter. That is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. Unfortunately, that is not the case here, as you will see below.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Eversource Energy Price and EPS Surprise
Eversource Energy Price and EPS Surprise | Eversource Energy Quote
Zacks ESP: Eversource Energy’s Earnings ESP is 0.00% as the Most Accurate estimate and the Zacks Consensus Estimate are both pegged at 83 cents.
Zacks Rank: Eversource Energy carries a Zacks Rank #4 (Sell). As it is, we caution against stocks with a Zacks Rank #4 or 5 (Strong Sell) going into the earnings announcement, especially when the company is witnessing negative estimate revisions.
Stocks to Consider
You may consider the following companies from the Zacks categorized Utility – Electric Power industry that have all the key ingredients to post beats this earnings season.
NiSource Inc. (NI - Free Report) has an Earnings ESP of +6.15% and a Zacks Rank #2. It is slated to report first-quarter 2017 earnings on May 3. You can see the complete list of today’s Zacks #1 Rank stocks here.
PPL Corporation (PPL - Free Report) has an Earnings ESP of +1.61% and a Zacks Rank #3. It is slated to report first-quarter 2017 earnings on May 4.
Dominion Resources, Inc. (D - Free Report) has an Earnings ESP of +2.15% and a Zacks Rank #3. It is slated to report first-quarter 2017 earnings on May 4.
5 Trades Could Profit "Big-League" from Trump Policies
If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course.
Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure. See these buy recommendations now >>