Equity Profile

ES

Eversource Energy

UtilitiesElectric Utilities$26.6B

Aug5Wed

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

Eversource Energy (ES) is a utility company that provides electricity and natural gas to customers in New England. As a key player in the electric utilities sector, it plays a crucial role in delivering energy and supporting infrastructure in a region that is increasingly focused on sustainable energy solutions.

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a critical measure of the company's profitability and financial health, which investors closely monitor.

N/A

Revenue Growth

Revenue growth indicates the company's ability to expand its customer base and increase sales, which is vital for long-term success.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

ES Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

38%

Avg EPS Surprise

-17.61%

Avg Stock Reaction

-0.26%

Last Quarter Recap

In Q1-2026, Eversource reported an EPS of $1.61, slightly beating expectations. However, the stock experienced a minor decline the following day, indicating mixed market reactions.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, expectations for Eversource's upcoming earnings are uncertain due to the lack of analyst estimates. Investors are keen to see if the company can maintain its profitability amid rising operational costs.

Bull Case

If Eversource can demonstrate strong customer growth and effective cost management, it could reassure investors and drive the stock higher.

Bear Case

Conversely, if the company reports disappointing revenue or customer growth, it could lead to further declines in stock price, especially given recent mixed performance.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the reported EPS and how does it compare to previous quarters?

The EPS figure will be crucial in assessing the company's profitability and could influence investor sentiment significantly.

What is the growth rate in customer numbers this quarter?

Customer growth is essential for future revenue and indicates the company's market position, making it a key metric for investors.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Eversource's ability to manage costs effectively while growing its customer base, which could lead to stronger-than-expected earnings.

Supporting Evidence

The company's recent EPS surprises indicate a potential for continued profitability.

Options pricing suggests a significant move, indicating that traders expect more volatility than historical averages.

The historical trend of customer growth may not be fully reflected in current market expectations.

Key Risk

If customer growth exceeds expectations, it could significantly alter the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on the balance between maintaining profitability and managing customer growth amid rising costs.

Bull Confirmed If

An EPS of $1.70 or higher would confirm strong operational performance and investor confidence.

Bear Confirmed If

An EPS below $1.50 would raise concerns about profitability and operational efficiency.

Pre-Earnings Positioning

Options Market

Implied Move

±4.2%

Historical Avg

±0.7%

Pricing rich

The options market is pricing in a significant move of around 4.2%, indicating that traders expect volatility around the earnings report.

Options are pricing ±4.2% while ES has averaged ±0.7% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.2%

30d HV

21.5%

Calls (5K)P/C Ratio: 1.11Puts (1K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Utilities

n=30

Fade rate: 6 of 30 (20%)

This setup has occurred 30 times across Utilities in the last 2 years. 24 of 30 (80%) held or extended their move within 5 days — this setup typically holds direction. The average absolute 1-day move is 1.5%, with a raw directional average of -0.7% (modestly negative historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Eversource beats expectations, history suggests the stock could see a modest increase, confirming positive operational trends.

In-Line / Cautious

If results are in line with expectations, the stock may remain stable, but cautious commentary could lead to a slight decline.

Miss

A miss on EPS could lead to a decline of around 0.33%, reflecting investor disappointment and concerns about future performance.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on customer growth rates and how they compare to previous quarters.
2Details on cost management strategies and their effectiveness.
3Insights into regulatory changes that could impact operations.
4Management's outlook on future revenue growth and market conditions.
5Any commentary on investments in renewable energy initiatives.

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Company Snapshot

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a critical measure of the company's profitability and financial health, which investors closely monitor.

N/A

Revenue Growth

Revenue growth indicates the company's ability to expand its customer base and increase sales, which is vital for long-term success.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

ES Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

38%

Avg EPS Surprise

-17.61%

Avg Stock Reaction

-0.26%

Last Quarter Recap

In Q1-2026, Eversource reported an EPS of $1.61, slightly beating expectations. However, the stock experienced a minor decline the following day, indicating mixed market reactions.

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

If Eversource can demonstrate strong customer growth and effective cost management, it could reassure investors and drive the stock higher.

Bear Case

Conversely, if the company reports disappointing revenue or customer growth, it could lead to further declines in stock price, especially given recent mixed performance.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the reported EPS and how does it compare to previous quarters?

The EPS figure will be crucial in assessing the company's profitability and could influence investor sentiment significantly.

What is the growth rate in customer numbers this quarter?

Customer growth is essential for future revenue and indicates the company's market position, making it a key metric for investors.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Eversource's ability to manage costs effectively while growing its customer base, which could lead to stronger-than-expected earnings.

Supporting Evidence

The company's recent EPS surprises indicate a potential for continued profitability.

Options pricing suggests a significant move, indicating that traders expect more volatility than historical averages.

The historical trend of customer growth may not be fully reflected in current market expectations.

Key Risk

If customer growth exceeds expectations, it could significantly alter the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on the balance between maintaining profitability and managing customer growth amid rising costs.

Bull Confirmed If

An EPS of $1.70 or higher would confirm strong operational performance and investor confidence.

Bear Confirmed If

An EPS below $1.50 would raise concerns about profitability and operational efficiency.

Pre-Earnings Positioning

Options Market

Implied Move

±4.2%

Historical Avg

±0.7%

Pricing rich

The options market is pricing in a significant move of around 4.2%, indicating that traders expect volatility around the earnings report.

Options are pricing ±4.2% while ES has averaged ±0.7% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.2%

30d HV

21.5%

Calls (5K)P/C Ratio: 1.11Puts (1K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Utilities

n=30

Fade rate: 6 of 30 (20%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Eversource beats expectations, history suggests the stock could see a modest increase, confirming positive operational trends.

In-Line / Cautious

If results are in line with expectations, the stock may remain stable, but cautious commentary could lead to a slight decline.

Miss

A miss on EPS could lead to a decline of around 0.33%, reflecting investor disappointment and concerns about future performance.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on customer growth rates and how they compare to previous quarters.
2Details on cost management strategies and their effectiveness.
3Insights into regulatory changes that could impact operations.
4Management's outlook on future revenue growth and market conditions.
5Any commentary on investments in renewable energy initiatives.