10 Best Utility Stocks that Beat Earnings Estimates

7. Eversource Energy (NYSE:ES)

On May 6, 2026, Eversource Energy (NYSE:ES) reported Q1 non-GAAP EPS of $1.73, ahead of the $1.63 consensus estimate, while revenue totaled $4.5B compared to expectations of $4.33B. CEO Joe Nolan said first-quarter performance was highlighted by the company’s response to a historic Nor’easter that brought blizzard conditions, record snowfall, and widespread power outages across its service territory. Nolan also criticized FERC’s recent return on equity reduction decision, calling it arbitrary and flawed at a time when New England requires significant transmission investment to support additional power generation and lower customer costs. Nolan added that Eversource plans to continue pursuing actions against regulatory decisions that the company believes could impair its ability to complete critical transmission projects.

On May 1, 2026, BofA raised its price target on Eversource Energy (NYSE:ES) to $75 from $72 while maintaining a Buy rating. The firm said Eversource retains meaningful earnings optionality and noted that even conservative scenarios imply upside relative to current return on equity assumptions.

Last month, Wells Fargo lowered its price target on Eversource Energy (NYSE:ES) to $74 from $78 while maintaining an Overweight rating. The firm said FERC’s decision to reduce New England transmission ROE to 9.57% represents a negative development for the company and could pressure its long-term growth trajectory.

Eversource Energy (NYSE:ES) operates as a public utility holding company focused on electric distribution, electric transmission, natural gas distribution, and water distribution services.