Analyst Consensus ?
ConsensusHold27 ratings
Bullish829.6%
Neutral1555.6%
Bearish414.8%
1 unmapped firm rating excluded from the percentages.
Eversource Energy · ES · FY2024 Q3 · Calendar Q4 2024
Eversource shifts focus to regulated utility growth after wind exit
Eversource's earnings narrative has shifted toward a regulated-utility investment model after exiting offshore wind. The long-term case depends on converting electrification and grid-upgrade opportunities into approved, recoverable rate-base growth while managing financing and regulatory execution risks.
Reported After market closeNYSEUtilities
$25.41B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$-0.33
Consensus $1.08
EPS surprise
-130.6%
Reported versus consensus
Reported revenue
$3.06B
Consensus $3.06B
Revenue surprise
-0.1%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
-2.1%
Event window
SPY move
+1.2%
Same window
Abnormal move
-3.3%
Stock minus SPY
Volume
2.5×
Versus trailing sessions
Subsequent drift
-0.5%
Up to 20 sessions
ESSPY benchmark
Ask FN2 about ES FY2024 Q3
Transcript, numbers and history already loaded
Why did ES fall 2.1% after missing EPS estimates in FY2024 Q3?What changed in ES's guidance and outlook in FY2024 Q3?Give me the bull and bear case for ES after FY2024 Q3 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
The company completed its offshore wind exit and is concentrating on regulated transmission and distribution investment. Near-term recurring EPS guidance was lowered, while management continued to emphasize clean-energy infrastructure, balance-sheet improvement, and longer-term growth.
Guidance delta
FY2024 recurring EPS guidance was lowered; the long-term EPS growth target was reaffirmed.
Key takeaways
- The offshore wind exit removes a major source of complexity but came with a sizable divestiture loss.
- Management emphasized a larger transmission and distribution investment plan as the core growth platform.
- Clean-energy infrastructure, battery storage, and AMI remain important opportunities, subject to funding and regulatory approval.
- Balance-sheet actions support the regulated-utility strategy, while the Aquarion sale remains an execution item.
Management priorities
- Execute the expanded transmission and distribution capital plan.
- Advance the Cambridge substation, battery storage, and AMI programs.
- Secure regulatory approval and cost recovery for planned investments.
- Continue balance-sheet actions and progress the Aquarion water-business sale.
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$67.55Current
$60Low
$75.12Average
$95High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 26, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| JP Morgan | Underweight | Underweight | Maintain | Oct 19, 2026 |
| Mizuho | Neutral | Neutral | Maintain | Aug 3, 2026 |
| BMO Capital | Market Perform | Market Perform | Maintain | Jul 22, 2026 |
| Wells Fargo | Overweight | Overweight | Maintain | Jul 2, 2026 |
| Argus Research | Hold | Buy | Downgrade | Jun 11, 2026 |
| Scotiabank | Sector Underperform | Sector Underperform | Maintain | Apr 21, 2026 |
| Seaport Global | Neutral | Buy | Downgrade | Apr 20, 2026 |
| UBS | Neutral | Neutral | Maintain | Mar 27, 2026 |
| B of A Securities | Buy | Buy | Maintain | Mar 27, 2026 |
| Janney Montgomery Scott | Buy | Neutral | Upgrade | Nov 24, 2025 |
| Jefferies | Underperform | Underperform | Maintain | Oct 22, 2025 |
| Guggenheim | Buy | Buy | Maintain | Feb 10, 2025 |
| Barclays | Equal Weight | Equal Weight | Maintain | Jan 22, 2025 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Aug 23, 2024 |
| Citigroup | Neutral | Neutral | Maintain | Feb 15, 2024 |
| Evercore ISI Group | In Line | Outperform | Downgrade | Nov 7, 2023 |
| Wolfe Research | Peer Perform | Outperform | Downgrade | Feb 21, 2023 |
| Credit Suisse | Neutral | Neutral | Maintain | May 6, 2022 |
| Keybanc | Overweight | Downgrade | Apr 21, 2021 | |
| Janney Capital | Buy | Neutral | Upgrade | May 12, 2020 |
| Goldman Sachs | Neutral | Buy | Downgrade | Jan 16, 2020 |
| Macquarie | Outperform | Neutral | Upgrade | Mar 4, 2019 |
| Bank of America | Underperform | Neutral | Downgrade | Feb 25, 2019 |
| Argus | Buy | Buy | Maintain | May 5, 2018 |
| Deutsche Bank | Buy | Hold | Upgrade | Dec 20, 2016 |
| Imperial Capital | In Line | Outperform | Downgrade | Feb 21, 2013 |
| FBR Capital | Market Perform | Outperform | Downgrade | Jan 7, 2013 |
| Wedbush | Neutral | Neutral | Maintain | Dec 27, 2012 |
Named analyst price targets
Upside is calculated against the persisted current price $67.55. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| HSBC | Analyst unavailable | $70 | $65.6 | +3.6% | Oct 22, 2026 |
| Mizuho Securities | Anthony Crowdell | $74 | $71.59 | +9.5% | Aug 3, 2026 |
| Wells Fargo | Analyst unavailable | $76 | $72.2 | +12.5% | Jul 2, 2026 |
| Capital One Financial | Analyst unavailable | $73 | $72.36 | +8.1% | Jul 1, 2026 |
| Piper Sandler | Analyst unavailable | $72 | $67.05 | +6.6% | Apr 22, 2026 |
| UBS | William Appicelli | $74 | $67.59 | +9.5% | Mar 27, 2026 |
| Cowen & Co. | Analyst unavailable | $77 | $73.11 | +14.0% | Feb 19, 2026 |
| BMO Capital | Analyst unavailable | $79 | $73.36 | +17.0% | Feb 17, 2026 |
| Mizuho Securities | Anthony Crowdell | $75 | $73.36 | +11.0% | Feb 17, 2026 |
| Wells Fargo | Shahriar Pourreza | $78 | $73.36 | +15.5% | Feb 17, 2026 |
| UBS | Analyst unavailable | $80 | $73.36 | +18.4% | Feb 16, 2026 |
| Wells Fargo | Analyst unavailable | $71 | $70.11 | +5.1% | Jan 20, 2026 |
| UBS | Analyst unavailable | $73 | $67.89 | +8.1% | Dec 17, 2025 |
| UBS | Analyst unavailable | $75 | $66.94 | +11.0% | Dec 5, 2025 |
| Scotiabank | Analyst unavailable | $63 | $65.55 | -6.7% | Nov 20, 2025 |
| Wells Fargo | Analyst unavailable | $63 | $65.26 | -6.7% | Nov 19, 2025 |
| Scotiabank | Andrew Weisel | $64 | $73.15 | -5.3% | Nov 5, 2025 |
| Wells Fargo | Shahriar Pourreza | $79 | $74.71 | +17.0% | Oct 27, 2025 |
| Mizuho Securities | Analyst unavailable | $81 | $74.62 | +19.9% | Oct 27, 2025 |
| Jefferies | Paul Zimbardo | $60 | $73.21 | -11.2% | Oct 22, 2025 |
| Mizuho Securities | Analyst unavailable | $72 | $62.46 | +6.6% | Jun 25, 2025 |
| BMO Capital | James Thalacker | $72 | $64.02 | +6.6% | Oct 15, 2024 |
| BMO Capital | James Thalacker | $74 | $66.43 | +9.5% | Oct 3, 2024 |
| Bank of America Securities | Paul Cole | $68 | $66.13 | +0.7% | Aug 29, 2024 |
| Morgan Stanley | David Arcaro | $75 | $67.28 | +11.0% | Aug 23, 2024 |
| Argus Research | Marie Ferguson | $73 | $64.85 | +8.1% | Aug 16, 2024 |
| BMO Capital | James Thalacker | $73 | $67.11 | +8.1% | Aug 5, 2024 |
| BMO Capital | James Thalacker | $66 | $60.75 | -2.3% | May 3, 2024 |
| UBS | Ross Fowler | $67 | $58.95 | -0.8% | Apr 4, 2024 |
| Guggenheim | Shahriar Pourreza | $72 | $52.78 | +6.6% | Jan 22, 2024 |
| Morgan Stanley | Analyst unavailable | $89 | $84.13 | +31.8% | Dec 15, 2022 |
| Wells Fargo | Analyst unavailable | $98 | $82.59 | +45.1% | Dec 2, 2022 |
| Morgan Stanley | Analyst unavailable | $84 | $77.74 | +24.4% | Nov 11, 2022 |
| Morgan Stanley | Analyst unavailable | $97 | $93.54 | +43.6% | Apr 20, 2022 |
| Credit Suisse | Maheep Mandloi | $85 | $81.16 | +25.8% | Jul 13, 2021 |
| Goldman Sachs | Michael Lapides | $86 | $81.52 | +27.3% | May 24, 2021 |
| Janney Montgomery | Michael Gaugler | $95 | $81.64 | +40.6% | May 11, 2021 |
| Scotiabank | Andrew Weisel | $87 | $83.78 | +28.8% | Apr 30, 2021 |
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Start freeCompany context
Snapshot as of publicationEversource Energy operates as a public utility holding enterprise, with its core operations centered on the provision and delivery of various energy services. Its business activities are segmented into several key areas: the transmission and distribution of electricity, natural gas distribution, and water utility services. The company is actively engaged in moving electricity, including energy generated from solar facilities, and supplying natural gas to its consumers. Additionally, Eversource manages regulated water systems, serving approximately 226,000 customers. It caters to a wide array of clients, spanning residential homes, businesses, industrial operations, municipal entities (including fire protection), and others across the states of Connecticut, Massachusetts, and New Hampshire. The organization, headquartered in Springfield, Massachusetts, adopted the name Eversource Energy in April 2015, having previously been known as Northeast Utilities.
Historical context
All ES earningsUtilities peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| PCG PG&E Corporation | FY2026 Q3 · Calendar Q4 2026 | -0.8% | -1.3% | PG&E Reaffirms Guidance While Seeking Credit and Policy Clarity |
Latest beats and misses
Who reports nextBeat on EPS
- FCNCAFY2026 Q3 · October 23, 2026+19.9% EPS+8.2% move
- FCNCNFY2026 Q3 · October 23, 2026+19.9% EPS+0.2% move
- FCNCOFY2026 Q3 · October 23, 2026+19.9% EPS+1.0% move
- FCNCPFY2026 Q3 · October 23, 2026+19.9% EPS+1.0% move
- RDYFY2027 Q2 · October 23, 2026+24.0% EPS-0.2% move
- SLBFY2026 Q3 · October 23, 2026+3.7% EPS+7.1% move
Missed on EPS
- INFYFY2027 Q2 · October 23, 2026-4.8% EPS-6.6% move
- BBDFY2026 Q3 · October 22, 2026-7.7% EPS+3.0% move
- SNAFY2026 Q3 · October 22, 2026-5.9% EPS-3.4% move
- SPOTFY2026 Q3 · October 22, 2026-11.6% EPS+11.1% move
- VRSNFY2026 Q3 · October 22, 2026-2.0% EPS-0.9% move
- HBANMFY2026 Q3 · October 22, 2026-5.3% EPS+0.5% move
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2024-11-10T18:38:36.707185+00:00
- Polygon adjusted daily market bars · 2026-10-26T19:40:43.516428+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-26T19:40:43.513445+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-26. For educational purposes only; not investment advice.