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What's in Store for Eversource Energy (ES) in Q1 Earnings?

Eversource EnergyES is scheduled to report first-quarter 2017 results before the market opens on May 4. Last quarter, the company reported negative earnings surprise of 4.00%. Let's see how things are holding up for the first quarter.

Factors to Consider

Mild winter is expected to lower demand for utility services and adversely impact earnings in the first quarter.

The company has gained from the efficient management of expenses in 2016. We expect Eversource Energy to continue to control expenses, thereby boosting the margins of the company.

Earnings Whispers

Our proven model does not conclusively show that Eversource Energy is likely to beat earnings estimates this quarter. That is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. Unfortunately, that is not the case here, as you will see below.

You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter .

Eversource Energy Price and EPS Surprise

Eversource Energy Price and EPS Surprise | Eversource Energy Quote

Zacks ESP : Eversource Energy's Earnings ESP is 0.00% as the Most Accurate estimate and the Zacks Consensus Estimate are both pegged at 83 cents.

Zacks Rank : Eversource Energy carries a Zacks Rank #4 (Sell). As it is, we caution against stocks with a Zacks Rank #4 or 5 (Strong Sell) going into the earnings announcement, especially when the company is witnessing negative estimate revisions.

Stocks to Consider

You may consider the following companies from the Zacks categorized Utility - Electric Power industry that have all the key ingredients to post beats this earnings season.

NiSource Inc. NI has an Earnings ESP of +6.15% and a Zacks Rank #2. It is slated to report first-quarter 2017 earnings on May 3. You can see the complete list of today's Zacks #1 Rank stocks here .

PPL Corporation PPL has an Earnings ESP of +1.61% and a Zacks Rank #3. It is slated to report first-quarter 2017 earnings on May 4.

Dominion Resources, Inc. D has an Earnings ESP of +2.15% and a Zacks Rank #3. It is slated to report first-quarter 2017 earnings on May 4.

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NiSource, Inc (NI): Free Stock Analysis Report

Dominion Resources, Inc. (D): Free Stock Analysis Report

PPL Corporation (PPL): Free Stock Analysis Report

Eversource Energy (ES): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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