Eversource Energy Reaffirms Guidance
Portfolio Pulse from Benzinga Newsdesk
Eversource Energy has reaffirmed its financial guidance, maintaining its 2024 non-GAAP earnings projection of $4.50 to $4.67 per share. The company also reiterated its compound annual earnings growth rate of 5 to 7 percent from a 2023 base of $4.34 per share, alongside its forecast of $23.1 billion in capital investments.

May 01, 2024 | 9:19 pm
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POSITIVE IMPACT
Eversource Energy reaffirms its 2024 earnings projection and growth rate, indicating a stable financial outlook and continued investment in its infrastructure.
Reaffirming financial guidance, especially maintaining a positive earnings projection and a solid growth rate, typically instills confidence in investors about the company's stability and future prospects. Eversource Energy's confirmation of its financial outlook and substantial capital investments suggests a strong commitment to growth and operational efficiency, which could positively influence its stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100