Upgrading Consolidated Edison to a 'Buy' due to attractive valuation, steady EPS growth, and a high 3.37% dividend yield. Recent strong earnings, reaffirmed guidance, and robust capex/rate base growth support a positive long-term outlook despite sector headwinds. The technical setup is neutral, but shares are near support, with higher highs/lows since mid-2023 and potential for increased summer demand.
ED's first-quarter earnings miss estimates, and revenues grow 12.1% year over year. The company's operating income rises during the same period.
While the top- and bottom-line numbers for Con Ed (ED) give a sense of how the business performed in the quarter ended March 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Consolidated Edison (ED) came out with quarterly earnings of $2.25 per share, missing the Zacks Consensus Estimate of $2.30 per share. This compares to earnings of $2.15 per share a year ago.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Con Ed (ED), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended March 2025.
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.