Eversource Energy (ES) Q3 Earnings Lag Estimates, Sales Beat

XEL NEE FE ES

Eversource Energy (ES - Free Report) reported third-quarter 2022 operating earnings of $1.01 per share, which lagged the Zacks Consensus Estimate of $1.03 by 1.9%. The earnings dropped nearly 1% year over year.

GAAP earnings per share for the third quarter were $1, up 21.9% from 82 cents reported in the year-ago period. The difference between GAAP and operating earnings per share was due to one-time tax charges.

Revenues

Third-quarter revenues of $3,215.6 million surpassed the Zacks Consensus Estimate of $2,716 million by 18.4%. Total revenues improved 32.2% from the year-ago figure of $2,432.8 million.

 

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