Eversource Energy Q1 2024 Adj EPS $1.49 Beats $1.46 Estimate, Sales $3.33B Miss $3.80B Estimate
Portfolio Pulse from Benzinga Newsdesk
Eversource Energy (NYSE:ES) reported Q1 2024 adjusted EPS of $1.49, surpassing the $1.46 estimate. However, its sales of $3.33B fell short of the $3.80B estimate, marking a 12.28% decrease from the previous year.
May 01, 2024 | 9:16 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Eversource Energy reported a mixed Q1 2024 with an EPS beat but a significant miss in sales, indicating potential volatility in its stock price.
The EPS beat suggests operational efficiency and could be seen positively by investors. However, the significant miss in sales forecasts and a year-over-year decrease might raise concerns about revenue growth and market demand, potentially leading to short-term stock price volatility.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100