National Grid PLC is scheduled to report its half-year (H1) results on November 5, 2026, with consensus estimates projecting revenue of £7.62 billion and underlying earnings per share of 36.1p. The current ADR price of $84.42 trades below the average analyst price target of $89.94, following a recent pre-close update that bolstered market sentiment.
Investors are primarily focused on the company's full-year fiscal 2027 underlying EPS growth guidance, which management recently raised to slightly above the original 13-15% range.
This expected outperformance is driven by roughly £130 million in one-off fair value gains within the Ventures & Other division and strong interconnector performance. However, analysts remain attentive to the execution of the group's massive £70 billion capital investment program through 2031, particularly within its core regulated UK electricity transmission and distribution segments.