Con Ed (ED) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Consolidated Edison offers stability with predictable income due to its status as a government-sanctioned monopoly in a densely populated region. Despite a decline in net income, the company maintains strong adjusted earnings and a consistent dividend growth streak of 51 years. Future growth is driven by investments in clean energy infrastructure, smart grid technologies, and EV charging stations.
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.