Guidance+1
Current guidance was classified as raised.
Low confidenceSEC filings and exhibits only
Earnings filing (8-K) · Latest 10-Q filings
Last updated: Nov 4, 2026 at 9:32 PM UTC
Earnings filing (8-K) · Latest 10-Q filings
Last updated: Nov 4, 2026 at 9:32 PM UTC
ACCOUNTING RISK · CLEAR
No auditor changes, restatements, late filings, or listing notices in the last 12 months.
from SEC filings · 2026-10-09
Thesis change
Strengthened
Legacy analysis
Legacy analysis: only the dimensions classifiable by the pre-v1 pipeline are shown.
- Legacy analysis: scored by the pre-v1 pipeline; deep evidence has not been re-verified.
- 5 thesis dimension(s) lack comparable evidence
Reported facts
GAAP facts are reported by the company. Comparable figures are EarnIQ arithmetic using only quantified adjustments disclosed in the linked SEC exhibit.
GAAP diluted EPS$0.99
Earnings quality
From 10-Q / 10-K XBRL filings. Sloan (1996) accruals: high accruals relative to assets have historically preceded earnings disappointments. Descriptive research, not a prediction.
Strong — cash is doing the heavy lifting
Earnings look cash-backed — accruals are -4.6% of assets, in the strongest quintile of large caps.
CY2023Q3Accruals / assets (TTM)CY2026Q2
Depreciation is disclosed annually by most filers, so quarterly values blend actuals with estimates — flagged on every reading. Method: TTM Sloan accruals ÷ average assets, scored 1–5 by quintile.
1. Three decisive changes
Largest quantified changes versus the company's own history.
-41.6%
Operating income — year over year
$540.9M vs $926.4M a year ago · quarter ended Jun 30, 2026 · from 10-Q XBRL filings.
-29.5%
Revenue — year over year
$2.9B vs $4.1B a year ago · quarter ended Jun 30, 2026 · from 10-Q XBRL filings.
2. Was it already expected?
Consensus classifications require timestamped pre-report snapshots and eight-quarter surprise history.
| Item | Actual | Expected | Gap | Class |
|---|---|---|---|---|
| Consensus comparison coming soon. | ||||
3. Management consistency
Only attributable, measurable and dated commitments are counted. Delivery record: 3 being tracked.
| Promise | Target | Outcome | Status | Evidence |
|---|---|---|---|---|
| Expecting annual earnings growth towards the upper half of its long-term guidance by 2028.eps · made 2026-11-04 | Upper half of long-term guidanceFY 2028 | — | Pending | 8-K 0001104659-26-1227 |
| Reaffirming cumulative long-term earnings per share growth rate within the range of 5 to 7 percent through 2030.eps · made 2026-11-04 | 5 to 7 percentThrough 2030 | — | Pending | 8-K 0001104659-26-1227 |
| Updating 2026 non-GAAP recurring earnings guidance to be in the range of $4.62 per share and $4.70 per share with an increased midpoint of $4.66 per share.eps · made 2026-11-04 | $4.62 to $4.70 per share (midpoint $4.66)FY 2026 | — | Pending | 8-K 0001104659-26-1227 |
4. What matters next
One deciding measurable condition plus up to two supporting checkpoints.
The deciding condition
EPS for the guided period lands within $4.62–$4.7
StrengthensReported EPS above $4.7
InvalidatesReported EPS below $4.62
Eversource updated its 2026 non-GAAP recurring earnings guidance to $4.62 to $4.70 per share, with a midpoint of $4.66.
5. Risks that changed
New or materially worsened items only; unchanged boilerplate is omitted.
No new or materially worsened risk has been source-verified.
From 10-K filings · EDGAR
9
new risk disclosures added
3
old ones removed
FY2025 10-K vs prior year, boilerplate filtered out — these are idiosyncratic changes, and tone is slightly more negative.
New risk disclosure #1
“We assess our long-lived assets for impairment whenever events or circumstances indicate that the carrying amount of the investment may not be recoverable. To the extent the value of the investment becomes impaired, the …”
New risk disclosure #2
“In addition, various factors, including underperformance of plan investments and changes in law or regulation, could increase the required contribution amount to fund our pension plan in the future. Additional large fund…”
New risk disclosure #3
“New technology and alternative energy sources could adversely affect our operations and financial results. Advances in technology that reduce the costs of alternative methods of producing electric energy to a level that …”
6. Evidence drawer
Source location, short anchor and visible arithmetic for every verified claim.
DC1 10-Q / 10-K XBRL filings (US-GAAP, via EDGAR)
Operating income · quarter ended 2026-06-30Operating income: -41.6% year over year
(540,874,000 − 926,394,000) ÷ 926,394,000 = -41.6% YoYDC2 10-Q / 10-K XBRL filings (US-GAAP, via EDGAR)
Revenue · quarter ended 2026-06-30Revenue: -29.5% year over year
(2,903,189,000 − 4,118,355,000) ÷ 4,118,355,000 = -29.5% YoYWN1 8-K Exhibit 99.1 (earnings release, via EDGAR)
Guidance disclosed for Q4 FY2026EPS for the guided period lands within $4.62–$4.7
Strengthens: Reported EPS above $4.7 · Invalidates: Reported EPS below $4.62