Equity Profile

ES

Eversource Energy

UtilitiesElectric Utilities$28.2B

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 major player in the electric utilities sector, it plays a crucial role in delivering essential services and is impacted by regulatory changes and energy market dynamics.

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and financial health.

N/A

Revenue Growth

Revenue growth reflects the company's ability to expand its customer base and increase sales.

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, beating estimates by 1.51%. However, the stock experienced a slight decline the following day, indicating mixed investor sentiment.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall expectations for Eversource's upcoming earnings are cautious, given the mixed results from previous quarters. Investors are looking for signs of stability in earnings and revenue growth.

Bull Case

If Eversource can demonstrate strong customer growth and improved operational efficiency, it could lead to a positive market reaction.

Bear Case

Conversely, any signs of declining customer numbers or increased operational costs could lead to negative sentiment and a drop in stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the current customer count and how does it compare to previous quarters?

Customer count is crucial for understanding market demand and growth potential, which will heavily influence investor sentiment.

What are the operational costs and how are they being managed?

Rising operational costs could impact profitability, making it essential for investors to understand how the company plans to manage expenses.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the impact of operational efficiencies that Eversource has implemented, which could lead to better-than-expected margins.

Supporting Evidence

The options market is pricing a 4.2% move, suggesting higher volatility than historical averages.

Eversource has a history of beating EPS estimates, which could indicate stronger performance than anticipated.

Key Risk

If customer growth exceeds 2%, it could challenge the current cautious outlook and shift sentiment positively.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter revolves around customer growth and cost management, which are critical for sustaining profitability.

Bull Confirmed If

Demonstrating customer growth of 2% or more compared to the previous quarter would confirm the bull case.

Bear Confirmed If

A decline in customer numbers or an increase in operational costs beyond 5% would support the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±4.2%

Historical Avg

±0.7%

Pricing rich

The options market is pricing in a significant move, suggesting that investors 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)

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 decline of around 0.21%, indicating cautious optimism.

In-Line / Cautious

If results are in line but management provides cautious commentary, the stock may experience limited movement as investors reassess their outlook.

Miss

Should Eversource miss expectations, history indicates a potential decline of about 0.33%, reflecting investor disappointment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on customer growth and retention strategies.
2Details on operational cost management and efficiency improvements.
3Insights into regulatory changes that may impact operations.
4Discussion on long-term growth strategies and investments.
5Any commentary on competition and market positioning.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and financial health.

N/A

Revenue Growth

Revenue growth reflects the company's ability to expand its customer base and increase sales.

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, beating estimates by 1.51%. However, the stock experienced a slight decline the following day, indicating mixed investor sentiment.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall expectations for Eversource's upcoming earnings are cautious, given the mixed results from previous quarters. Investors are looking for signs of stability in earnings and revenue growth.

Bull Case

If Eversource can demonstrate strong customer growth and improved operational efficiency, it could lead to a positive market reaction.

Bear Case

Conversely, any signs of declining customer numbers or increased operational costs could lead to negative sentiment and a drop in stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the current customer count and how does it compare to previous quarters?

Customer count is crucial for understanding market demand and growth potential, which will heavily influence investor sentiment.

What are the operational costs and how are they being managed?

Rising operational costs could impact profitability, making it essential for investors to understand how the company plans to manage expenses.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the impact of operational efficiencies that Eversource has implemented, which could lead to better-than-expected margins.

Supporting Evidence

The options market is pricing a 4.2% move, suggesting higher volatility than historical averages.

Eversource has a history of beating EPS estimates, which could indicate stronger performance than anticipated.

Key Risk

If customer growth exceeds 2%, it could challenge the current cautious outlook and shift sentiment positively.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter revolves around customer growth and cost management, which are critical for sustaining profitability.

Bull Confirmed If

Demonstrating customer growth of 2% or more compared to the previous quarter would confirm the bull case.

Bear Confirmed If

A decline in customer numbers or an increase in operational costs beyond 5% would support the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±4.2%

Historical Avg

±0.7%

Pricing rich

The options market is pricing in a significant move, suggesting that investors 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)

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 decline of around 0.21%, indicating cautious optimism.

In-Line / Cautious

If results are in line but management provides cautious commentary, the stock may experience limited movement as investors reassess their outlook.

Miss

Should Eversource miss expectations, history indicates a potential decline of about 0.33%, reflecting investor disappointment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on customer growth and retention strategies.
2Details on operational cost management and efficiency improvements.
3Insights into regulatory changes that may impact operations.
4Discussion on long-term growth strategies and investments.
5Any commentary on competition and market positioning.