Here's Why Eversource Energy (ES) is a Strong Growth Stock
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.
While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.
For growth investors, a company’s financial strength, overall health, and future outlook take precedence, so they’ll want to zero in on the Growth Style Score. This Score examines things like projected and historical earnings, sales, and cash flow to find stocks that will generate sustainable growth over time.
Eversource Energy, earlier known as Northeast Utilities, engages in the energy delivery business. The company was founded in 1927. It transmits and delivers electricity and natural gas to residential, commercial and industrial customers in Connecticut, New Hampshire and Massachusetts. Eversource Energy is currently trading under the ticker symbol “ES” instead of “NU”. The company’s headquarters have remained at Hartford, CT and Boston, MA.
ES is a Zacks Rank #3 (Hold) stock, with a Growth Style Score of B and VGM Score of B. Earnings are expected to grow 3.5% year-over-year for the current fiscal year, with sales growth of 10.6%.
Two analysts revised their earnings upwards in the last 60 days for fiscal 2025. The Zacks Consensus Estimate has increased $0 to $4.73 per share. ES boasts an average earnings surprise of 2.7%.
On a historic basis, Eversource Energy has generated cash flow growth of 9.2%, and is expected to report cash flow expansion of 46.2% this year.
With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, ES should be on investors’ short lists.
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Eversource Energy (ES) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).