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 the northeastern United States. With a market cap of $25 billion, it plays a crucial role in the energy sector, particularly as demand for reliable energy sources continues to grow amid climate change concerns.

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will show how well the company is managing costs and generating income.

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 estimates. However, the stock experienced a minor decline of 0.55% the following day, indicating cautious investor sentiment.

Management Promises & Guidance

Focus on improving customer service and reliability.
Commitment to investing in renewable energy sources.
Plans to manage operational costs effectively.

Expectations

Wall Street Expectations

Overall, expectations for Eversource's upcoming earnings are mixed, with some investors hoping for strong results while others remain cautious due to recent performance.

Bull Case

If Eversource can demonstrate strong revenue growth and maintain or improve its EPS, it may signal a robust recovery and attract more investors.

Bear Case

Conversely, if the company fails to meet earnings expectations or shows signs of declining customer growth, it could lead to further stock price declines.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the expected EPS for Q2-2026?

EPS is a critical measure of profitability, and any significant deviation from expectations could impact investor confidence.

How many new customers has Eversource added in the last quarter?

Customer growth is essential for revenue expansion, and a strong increase could indicate positive market demand.

Edge

What the Street Is Missing

Why consensus could be wrong

The market may be underestimating Eversource's ability to manage costs effectively while expanding its customer base, leading to stronger-than-expected earnings.

Supporting Evidence

Eversource has a history of beating EPS estimates, with a 63% beat rate over the last eight quarters.

Options pricing suggests a significant move, indicating that traders expect volatility, which could favor a positive surprise.

Recent investments in renewable energy could enhance profitability and attract new customers.

Key Risk

If customer growth exceeds expectations, it could significantly shift market sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter centers around Eversource's ability to grow its earnings while managing costs and expanding its customer base.

Bull Confirmed If

A reported EPS of $1.70 or higher would confirm strong profitability and growth.

Bear Confirmed If

An EPS below $1.50 would indicate potential issues in profitability and customer retention.

Pre-Earnings Positioning

Options Market

Implied Move

±5.73%

Historical Avg

±0.7%

Pricing rich

The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings announcement.

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 rise, confirming a positive outlook for growth.

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

If the company misses earnings expectations, history suggests a potential decline of around 0.33% as investors react negatively.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Details on customer growth and retention strategies.
2Updates on renewable energy investments and their impact on profitability.
3Any changes in operational costs or efficiency measures.
4Management's outlook on regulatory changes affecting the utility sector.
5Insights into future revenue projections and market demand.

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 profitability and will show how well the company is managing costs and generating income.

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 estimates. However, the stock experienced a minor decline of 0.55% the following day, indicating cautious investor sentiment.

Management Promises & Guidance

Focus on improving customer service and reliability.
Commitment to investing in renewable energy sources.
Plans to manage operational costs effectively.

Expectations

Wall Street Expectations

Overall, expectations for Eversource's upcoming earnings are mixed, with some investors hoping for strong results while others remain cautious due to recent performance.

Bull Case

If Eversource can demonstrate strong revenue growth and maintain or improve its EPS, it may signal a robust recovery and attract more investors.

Bear Case

Conversely, if the company fails to meet earnings expectations or shows signs of declining customer growth, it could lead to further stock price declines.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the expected EPS for Q2-2026?

EPS is a critical measure of profitability, and any significant deviation from expectations could impact investor confidence.

How many new customers has Eversource added in the last quarter?

Customer growth is essential for revenue expansion, and a strong increase could indicate positive market demand.

Edge

What the Street Is Missing

Why consensus could be wrong

The market may be underestimating Eversource's ability to manage costs effectively while expanding its customer base, leading to stronger-than-expected earnings.

Supporting Evidence

Eversource has a history of beating EPS estimates, with a 63% beat rate over the last eight quarters.

Options pricing suggests a significant move, indicating that traders expect volatility, which could favor a positive surprise.

Recent investments in renewable energy could enhance profitability and attract new customers.

Key Risk

If customer growth exceeds expectations, it could significantly shift market sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter centers around Eversource's ability to grow its earnings while managing costs and expanding its customer base.

Bull Confirmed If

A reported EPS of $1.70 or higher would confirm strong profitability and growth.

Bear Confirmed If

An EPS below $1.50 would indicate potential issues in profitability and customer retention.

Pre-Earnings Positioning

Options Market

Implied Move

±5.73%

Historical Avg

±0.7%

Pricing rich

The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings announcement.

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 rise, confirming a positive outlook for growth.

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

If the company misses earnings expectations, history suggests a potential decline of around 0.33% as investors react negatively.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Details on customer growth and retention strategies.
2Updates on renewable energy investments and their impact on profitability.
3Any changes in operational costs or efficiency measures.
4Management's outlook on regulatory changes affecting the utility sector.
5Insights into future revenue projections and market demand.