Eversource Energy (ES) Misses Q4 EPS by 6c, Offers Guidance
Eversource Energy (NYSE: ES) reported Q4 EPS of $0.57, $0.06 worse than the analyst estimate of $0.63. Revenue for the quarter came in at $1.69 billion versus the consensus estimate of $1.74 billion.
GUIDANCE:
Eversource Energy sees FY2016 EPS of $2.90-$3.05, versus the consensus of $3.01.
Also today, Eversource Energy projected 2016 earnings per share (EPS) of between $2.90 per share and $3.05 per share and long-term EPS growth through 2019 of between 5 percent and 7 percent, using recurring 2015 earnings of $2.81 per share as the base value. Eversource reduced its long-term EPS growth rate from the previous 6 percent to 8 percent primarily due to the impact of the extension of bonus income tax depreciation through 2019.
For earnings history and earnings-related data on Eversource Energy (ES) click here.
