Eversource Energy Q2 Adj EPS $1.00 Beats $0.92 Estimate, Sales $2.63B Miss $2.88B Estimate
Portfolio Pulse from Benzinga Newsdesk
Eversource Energy reported Q2 adjusted earnings of $1.00 per share, beating the analyst consensus estimate of $0.92 by 8.7%. This is a 16.28% increase from the same period last year. However, the company's quarterly sales of $2.63 billion missed the analyst consensus estimate of $2.88 billion by 8.59%, a 2.18% increase from the same period last year.
July 31, 2023 | 8:37 pm
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Eversource Energy's Q2 earnings beat estimates but sales missed, which could lead to mixed market reactions.
Eversource Energy's earnings beat estimates, which is generally positive for the stock. However, the company's sales missed estimates, which is generally negative. These two factors could offset each other, leading to a neutral short-term impact on the stock.
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