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Eversource Energy's Earnings, Revenue Rise in Q1

05/10/2021 03:29

07:13 AM EDT, 05/10/2021 (MT Newswires) -- Eversource Energy (ES) reported Q1 earnings Monday of $1.06 per share, up from earnings of $1.01 per share a year earlier.

Analysts polled by Capital IQ projected EPS of $1.08.

Operating revenue was $2.83 billion for the quarter ended March 31, up from $2.37 billion a year ago. The Street forecast was for revenue of $2.56 billion.

The company said that it now estimates it will earn toward the lower end of its previously announced 2021 recurring EPS guidance of $3.81 to $3.93 per share. Meanwhile, it reaffirmed its projected long-term EPS growth rate in the upper half of the range of 5% to 7%, using its non-GAAP 2020 earnings of $3.64 per share as a base.

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