Recessions can be really challenging periods. A contracting economy causes companies and consumers to pull back on spending.
Con Ed (ED) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
The Zacks Earnings ESP is a great way to find potential earnings surprises. Why investors should take advantage now.
The NASDAQ composite index has been scorching hot since the fall of 2022, as the Magnificent 7 drove the markets to all-time highs.
ED's fourth-quarter earnings beat estimates, and revenues grow 2.6% year over year.
Although the revenue and EPS for Con Ed (ED) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Consolidated Edison (ED) came out with quarterly earnings of $0.98 per share, beating the Zacks Consensus Estimate of $0.97 per share. This compares to earnings of $1 per share a year ago.
Beyond analysts' top -and-bottom-line estimates for Con Ed (ED), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2024.
After reaching an important support level, Consolidated Edison (ED) could be a good stock pick from a technical perspective. ED surpassed resistance at the 200-day moving average, suggesting a long-term bullish trend.
Dividend Kings are stocks that have increased their dividend payouts for over 50 consecutive years.
Consolidated Edison, a monopoly utility in NYC, is rated a Buy due to expected earnings growth and its status as a Dividend King. Despite a recent 5% share price dip, Con Edison's Q3 earnings beat estimates, and the company revised its 2024 EPS guidance upward. Compared to peers, Con Edison's net income margin and ROE lag, but its dividend yield remains competitive, making it attractive for income investors.
ED's third-quarter earnings beat the Zacks Consensus Estimate by 7.7%. Its revenues also surpass the consensus estimate by 1.9%.