The company’s mean estimate for sales for the current quarter ending Jun-16 is 1.81 billion by 4 analysts. The means estimate of sales for the year ending Dec-16 is 8.06 billion by 11 analysts.
The mean price target for the shares of Eversource Energy (NYSE:ES) is at 57.55 while the highest price target suggested by the analysts is 62.00 and low price target is 53.00. The mean price target is calculated keeping in view the consensus of 15 brokerage firms.
The average estimate of EPS for the current fiscal quarter for Eversource Energy (NYSE:ES) stands at 0.66 while the EPS for the current year is fixed at 2.98 by 19 analysts.
The next one year’s EPS estimate is set at 3.18 by 18 analysts while a year ago the analysts suggested the company’s EPS at 2.98. The analysts also projected the company’s long-term growth at 6.01% for the upcoming five years.
In its latest quarter ended on 31st March 2016, Eversource Energy (NYSE:ES) reported earnings of $0.77. The posted earnings missed the analyst’s consensus by -$0.01 with the surprise factor of -1.30%. In the matter of earnings surprises, the term “Cockroach Effect” is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.
On May 9, 2016 Eversource Energy (NYSE:ES) Six energy companies Friday officially launched Grid Assurance™, an independent company providing transmission sparing solutions for critical electric transmission equipment.
Michael Deggendorf, senior vice president, Kansas City Power & Light (KCP&L), was named Grid Assurance™ CEO and will oversee the formation and operations of the company. At KCP&L, Deggendorf has led FERC-regulated transmission business efforts, Transource and the development of Grid Assurance™.
Grid Assurance™ was founded by affiliates of American Electric Power (AEP), Berkshire Hathaway Energy, Duke Energy (DUK), Edison International (EIX), Eversource Energy (ES) and Great Plains Energy (GXP) to enhance grid resiliency and give electric transmission owners faster access to long-lead time critical equipment necessary to recover from catastrophic events that could impact the nation’s electric grid.
Several energy companies signed a memorandum of understanding to pursue development of Grid Assurance™ in June 2015. The companies sought and secured regulatory assurances from the Federal Energy Regulatory Commission for the structure and other components of Grid Assurance™ before officially launching the company.
“Grid Assurance™ is an industry-led, proactive response to the numerous potential risks facing our nation’s transmission system including severe weather and catastrophic events like earthquakes or physical and cyberattacks,” Deggendorf said. “By maintaining a readily available supply of critical equipment necessary to restore power delivery if the transmission system is severely damaged, Grid Assurance™ will help protect consumers and communities from the devastating impacts that delays in restoring electricity can have on quality of life and the nation’s economy.”
Deggendorf will bring on key management team members in the coming weeks. Marketing to and accepting subscribers will begin immediately, followed by ordering critical transmission sparing equipment based on secured subscriptions. A headquarters location for Grid Assurance™ will be determined in the coming months.
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