We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Eversource Energy (ES) to Report Q1 Earnings: What to Expect
Read MoreHide Full Article
Eversource Energy (ES - Free Report) is slated to release first-quarter 2021 financial results on May 10. The utility came up with break-even earnings 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 first-quarter earnings are likely to have benefited from the inclusion of Eversource Gas Company of Massachusetts in the natural gas segment.
Quarterly earnings must have got a boost from the new rates that became effective during fourth-quarter 2020 and first-quarter 2021. Cost-management initiatives undertaken by the company are likely to have boosted margins during the to-be reported quarter.
However, during the quarter, major storms in its service territories caused power outages. Utility workers did their best to restore power to majority of customers. Higher operational expenditure and loss of revenues during the power outages might have impacted its performance in the to-be-reported quarter.
Expectation
The Zacks Consensus Estimate for first-quarter revenues and earnings per share is pegged at $2.64 billion and $1.10, indicating 11.3% and 7.8% 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 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.
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 #4 (Sell).
Stocks to Consider
Investors can consider the following players from the energy space that have the right combination of elements to post an earnings beat in the to-be-reported quarter.
Western Midstream Partners (WES - Free Report) is likely to release first-quarter 2021 results on May 10. It has an Earnings ESP of +5.25% and a Zacks Rank #3.
Chesapeake Energy Corporation (CHK - Free Report) is likely to release first-quarter 2021 results on May 11. It has an Earnings ESP of +110.96% and a Zacks Rank #3.
+1,500% Growth: One of 2021’s Most Exciting Investment Opportunities
In addition to the stocks you read about above, would you like to see Zacks’ top picks to capitalize on the Internet of Things (IoT)? It is one of the fastest-growing technologies in history, with an estimated 77 billion devices to be connected by 2025. That works out to 127 new devices per second.
Zacks has released a special report to help you capitalize on the Internet of Things’s exponential growth. It reveals 4 under-the-radar stocks that could be some of the most profitable holdings in your portfolio in 2021 and beyond.
Image: Bigstock
Eversource Energy (ES) to Report Q1 Earnings: What to Expect
Eversource Energy (ES - Free Report) is slated to release first-quarter 2021 financial results on May 10. The utility came up with break-even earnings 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 first-quarter earnings are likely to have benefited from the inclusion of Eversource Gas Company of Massachusetts in the natural gas segment.
Quarterly earnings must have got a boost from the new rates that became effective during fourth-quarter 2020 and first-quarter 2021. Cost-management initiatives undertaken by the company are likely to have boosted margins during the to-be reported quarter.
However, during the quarter, major storms in its service territories caused power outages. Utility workers did their best to restore power to majority of customers. Higher operational expenditure and loss of revenues during the power outages might have impacted its performance in the to-be-reported quarter.
Expectation
The Zacks Consensus Estimate for first-quarter revenues and earnings per share is pegged at $2.64 billion and $1.10, indicating 11.3% and 7.8% 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 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-eps-surprise | Eversource Energy Quote
Earnings ESP: Its Earnings ESP is +0.99%.
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 #4 (Sell).
Stocks to Consider
Investors can consider the following players from the energy space that have the right combination of elements to post an earnings beat in the to-be-reported quarter.
Duke Energy Corporation (DUK - Free Report) is likely to release first-quarter 2021 results on May 10. It has an Earnings ESP of +0.16% and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Western Midstream Partners (WES - Free Report) is likely to release first-quarter 2021 results on May 10. It has an Earnings ESP of +5.25% and a Zacks Rank #3.
Chesapeake Energy Corporation (CHK - Free Report) is likely to release first-quarter 2021 results on May 11. It has an Earnings ESP of +110.96% and a Zacks Rank #3.
+1,500% Growth: One of 2021’s Most Exciting Investment Opportunities
In addition to the stocks you read about above, would you like to see Zacks’ top picks to capitalize on the Internet of Things (IoT)? It is one of the fastest-growing technologies in history, with an estimated 77 billion devices to be connected by 2025. That works out to 127 new devices per second.
Zacks has released a special report to help you capitalize on the Internet of Things’s exponential growth. It reveals 4 under-the-radar stocks that could be some of the most profitable holdings in your portfolio in 2021 and beyond.
Click here to download this report FREE >>