Yahoo Finance Eversource Energy First Quarter 2024 Earnings: Revenues Disappoint
Eversource Energy (NYSE:ES) First Quarter 2024 Results
Key Financial Results
Revenue: US$3.33b (down 12% from 1Q 2023).
Net income: US$521.8m (up 6.2% from 1Q 2023).
Profit margin: 16% (up from 13% in 1Q 2023).
EPS: US$1.49 (up from US$1.41 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Eversource Energy Revenues Disappoint
Revenue missed analyst estimates by 10%. Earnings per share (EPS) was mostly in line with analyst estimates.
Looking ahead, revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Electric Utilities industry in the US.
Performance of the American Electric Utilities industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
Before you take the next step you should know about the 2 warning signs for Eversource Energy that we have uncovered.
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