Overview

* Eversource Q3 GAAP EPS at $0.99, up from a loss last year

* Non-GAAP recurring EPS for Q3 rises to $1.19 from $1.13

* Company narrows full-year non-GAAP EPS guidance to $4.72-$4.80

Outlook

* Eversource narrows 2025 non-GAAP EPS guidance to $4.72-$4.80

* Company reaffirms 5%-7% EPS growth from 2024 base

* Eversource focuses on grid modernization amid regulatory changes

Result Drivers

* ELECTRIC TRANSMISSION - Earnings increased due to continued investment in the electric transmission system

* ELECTRIC DISTRIBUTION - Higher revenues from base distribution rate increases in New Hampshire and Massachusetts

* NATURAL GAS DISTRIBUTION - Rate increases in Massachusetts improved results despite higher expenses

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 EPS $0.99

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 6 "hold" and 3 "sell" or "strong sell"

* The average consensus recommendation for the electric utilities peer group is "buy"

* Wall Street's median 12-month price target for Eversource Energy ( ES ) is $76.00, about 2.2% above its November 3 closing price of $74.36

* The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 13 three months ago

Press Release:

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)