Will Eversource Energy (ES) Stock React to Earnings Miss?

Eversource Energy (ES) reported its third quarter fiscal 2015 earnings results today after the market closed. Earnings and revenue both came below analysts' estimates.
By U-Jin Lee ,

NEW YORK (TheStreet) -- Eversource Energy (ES) - Get Report  reported its third quarter fiscal 2015 earnings results after the market closed today. Earnings and revenue both came below analysts' estimates. 

For the latest quarter, the company earned 75 cents a share on revenue of $1.93 billion.

Analysts had forecast that the company would earn 76 cents a share on revenue of $2.03 billion.

In the latest quarter, the company's sales were boosted by strong performance in both electric distribution and generation segment, and natural gas distribution segment. 

"We're having a very successful year exceeding our financial and operational targets and advancing key initiatives to provide our region with long-term sources of low-cost, clean energy," CEO Thomas J. May stated. 

Shares of Eversource Energy closed Monday's trading session up 0.04% to $50.96. 

Based in Springfield, MA, Eversource Energy engages in the energy delivery business. The company operates in three segments: Electric Distribution, Electric Transmission, and Natural Gas Distribution.

Separately, TheStreet Ratings team rates EVERSOURCE ENERGY as a Buy with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation:

We rate EVERSOURCE ENERGY (ES) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, notable return on equity and increase in stock price during the past year. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

You can view the full analysis from the report here: ES

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