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Utilities Scorecard Shows 12 of 14 Companies Beat Q3 EPS Estimates

Thirteen companies posted year-over-year earnings growth, while nine topped revenue estimates.

By John Kim
Published
Ceramic insulators catch the first light at a utility substation / TokenPost.ai
Ceramic insulators catch the first light at a utility substation / TokenPost.ai

A third-quarter utilities earnings tally released Nov. 7 found 12 of 14 companies beat analyst estimates for earnings per share, more than the nine that topped revenue forecasts.

One company met EPS expectations and one missed. Thirteen companies, or 93%, had higher earnings than a year earlier.

Revenue results were more mixed: five companies missed estimates, while 11 reported revenue growth from a year earlier. Public Service Enterprise Group missed forecasts for both EPS and revenue. Eversource matched EPS expectations; its EPS fell 22.7% year over year, and it reported lower revenue.

The sector results offer another view of the reporting season alongside TokenPost’s earlier weekly earnings tally.

John Kim

John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

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