We expect Eversource Energy (ES - Free Report) to beat third-quarter 2019 estimates when it reports financial results on Nov 6, before the opening bell. The utility delivered a positive earnings surprise of 1.37% in the last reported quarter.
What Our Quantitative Model Predicts
Our proven model does conclusively predict an earnings beat for Eversource this season. A stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) to surpass estimates. That is the case here as you will see below.
Earnings ESP: The firm’s Earnings ESP is +1.06%.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Eversource currently carries a Zacks Rank #2.
Factors to Consider
Eversource’s third-quarter earnings are expected to have benefited from New Hampshire’s temporary distribution rate increase that came into effect during the third quarter. Earnings are also anticipated to get a boost from the water distribution segment and cost-saving initiatives undertaken by the company. However, the Yankee Gas settlement is likely to have had a negative impact of 2 cents on third-quarter earnings.
The Zacks Consensus Estimate for third-quarter revenues and earnings per share is pegged at $2.32 billion and 94 cents, indicating 2.04% and 1.08% growth, respectively, from the year-ago reported figures.
Stocks to Consider
Here are a few companies worth considering from the same industry, as these have the right combination of elements to beat on earnings in the upcoming releases.
PPL Corporation (PPL - Free Report) is expected to release third-quarter results on Nov 5. It has an Earnings ESP of +1.37% and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
South Jersey Industries Inc. is expected to release third-quarter results on Nov 6. It has an Earnings ESP of +15.85% and a Zacks Rank #3.
Spire Inc. (SR - Free Report) is scheduled to release fourth-quarter fiscal 2019 results on Nov 20. It has an Earnings ESP of +2.55% and a Zacks Rank of 2.
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We expect Eversource Energy (ES - Free Report) to beat third-quarter 2019 estimates when it reports financial results on Nov 6, before the opening bell. The utility delivered a positive earnings surprise of 1.37% in the last reported quarter.
What Our Quantitative Model Predicts
Our proven model does conclusively predict an earnings beat for Eversource this season. A stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) to surpass estimates. That is the case here as you will see below.
Earnings ESP: The firm’s Earnings ESP is +1.06%.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Eversource currently carries a Zacks Rank #2.
Factors to Consider
Eversource’s third-quarter earnings are expected to have benefited from New Hampshire’s temporary distribution rate increase that came into effect during the third quarter. Earnings are also anticipated to get a boost from the water distribution segment and cost-saving initiatives undertaken by the company. However, the Yankee Gas settlement is likely to have had a negative impact of 2 cents on third-quarter earnings.
The Zacks Consensus Estimate for third-quarter revenues and earnings per share is pegged at $2.32 billion and 94 cents, indicating 2.04% and 1.08% growth, respectively, from the year-ago reported figures.
Stocks to Consider
Here are a few companies worth considering from the same industry, as these have the right combination of elements to beat on earnings in the upcoming releases.
PPL Corporation (PPL - Free Report) is expected to release third-quarter results on Nov 5. It has an Earnings ESP of +1.37% and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
South Jersey Industries Inc. is expected to release third-quarter results on Nov 6. It has an Earnings ESP of +15.85% and a Zacks Rank #3.
Spire Inc. (SR - Free Report) is scheduled to release fourth-quarter fiscal 2019 results on Nov 20. It has an Earnings ESP of +2.55% and a Zacks Rank of 2.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
See 8 breakthrough stocks now>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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