Scotiabank Has Bullish Estimate for ES FY2026 Earnings

Key Points

• Scotiabank raised its FY2026 EPS estimate for Eversource Energy to $4.68 from $4.63, above the $4.64 analyst consensus, and forecasts FY2027 EPS of $4.95.
• Eversource reported quarterly EPS of $0.92, beating the $0.90 consensus, but revenue of $2.98 billion missed estimates and fell 7.5% year over year.
• Analyst sentiment remains cautious: the stock has a consensus “Hold” rating and an average price target of $73.17.

Eversource Energy (NYSE:ES - Free Report) - Stock analysts at Scotiabank upped their FY2026 earnings estimates for Eversource Energy in a report issued on Wednesday, November 11th. Scotiabank analyst A. Weisel now anticipates that the utilities provider will post earnings per share of $4.68 for the year, up from their prior forecast of $4.63. The consensus estimate for Eversource Energy's current full-year earnings is $4.64 per share. Scotiabank also issued estimates for Eversource Energy's FY2027 earnings at $4.95 EPS.

Eversource Energy (NYSE:ES - Get Free Report) last posted its earnings results on Wednesday, November 4th. The utilities provider reported $0.92 EPS for the quarter, topping the consensus estimate of $0.90 by $0.02. Eversource Energy had a net margin of 10.38% and a return on equity of 10.67%. The company had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $3.20 billion. During the same period in the previous year, the firm posted $1.19 earnings per share. The firm's revenue for the quarter was down 7.5% on a year-over-year basis.

ES has been the subject of a number of other reports. Barclays assumed coverage on Eversource Energy in a report on Friday, November 6th. They set an "equal weight" rating and a $76.00 price objective for the company. Weiss Ratings lowered Eversource Energy from a "buy (b)" rating to a "buy (b-)" rating in a report on Monday. Citigroup started coverage on Eversource Energy in a research report on Monday, July 27th. They set a "hold" rating and a $81.00 target price on the stock. BMO Capital Markets cut their target price on Eversource Energy from $73.00 to $72.00 and set a "market perform" rating on the stock in a research report on Wednesday, July 22nd. Finally, HSBC began coverage on Eversource Energy in a report on Thursday, October 22nd. They set a "hold" rating and a $70.00 price target for the company. Four analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $73.17.

Eversource Energy Price Performance

Shares of NYSE ES opened at $71.12 on Friday. The stock has a market cap of $26.82 billion, a price-to-earnings ratio of 18.77, a PEG ratio of 3.07 and a beta of 0.66. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.74 and a current ratio of 0.76. Eversource Energy has a fifty-two week low of $62.72 and a fifty-two week high of $76.57. The firm's 50-day simple moving average is $67.33 and its 200 day simple moving average is $70.02.

Institutional Investors Weigh In On Eversource Energy

A number of institutional investors have recently added to or reduced their stakes in ES. AlphaGrep UK Ltd bought a new position in shares of Eversource Energy during the 3rd quarter worth approximately $565,000. Benjamin Edwards Inc. boosted its stake in shares of Eversource Energy by 8.7% in the 3rd quarter. Benjamin Edwards Inc. now owns 18,950 shares of the utilities provider's stock worth $1,216,000 after buying an additional 1,520 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of Eversource Energy by 4.9% in the third quarter. First Trust Advisors LP now owns 2,168,340 shares of the utilities provider's stock valued at $139,121,000 after acquiring an additional 101,572 shares in the last quarter. TIAA CREF Individual & Institutional Services LLC grew its holdings in shares of Eversource Energy by 32.8% in the third quarter. TIAA CREF Individual & Institutional Services LLC now owns 4,681 shares of the utilities provider's stock valued at $300,000 after acquiring an additional 1,156 shares in the last quarter. Finally, Advisors Asset Management Inc. bought a new position in shares of Eversource Energy in the third quarter valued at approximately $5,903,000. 79.99% of the stock is owned by institutional investors.

Eversource Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 21st were issued a dividend of $0.7875 per share. The ex-dividend date was Monday, September 21st. This represents a $3.15 annualized dividend and a yield of 4.4%. Eversource Energy's payout ratio is 83.11%.

About Eversource Energy

Eversource Energy is a public utility holding company that delivers electricity and natural gas to customers in New England. Its businesses include electric transmission and distribution, natural gas distribution, and related energy services. The company serves customers in Connecticut, Massachusetts, and New Hampshire through local utility subsidiaries. Its operations include maintaining and upgrading the networks used to deliver energy to homes and businesses. Eversource traces its history to Northeast Utilities, which adopted the Eversource Energy name in 2015 after combining with NSTAR.

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