Consolidated Edison's (ED) second-quarter earnings and revenues beat estimates. The company's 2024 EPS outlook remains unchanged.
Although the revenue and EPS for Con Ed (ED) give a sense of how its business performed in the quarter ended June 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 $0.59 per share, beating the Zacks Consensus Estimate of $0.55 per share. This compares to earnings of $0.61 per share a year ago.
Consolidated Edison's (ED) Q2 results are likely to benefit from a warmer-than-normal temperature pattern and strong rate-based growth. However, higher interest expenses may have hurt earnings.
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 (ED) makes a strong case for investment, given its earnings growth prospects, strategic investments, low leverage and strong ROA.
Investors need to pay close attention to Consolidated Edison (ED) stock based on the movements in the options market lately.
Low beta stocks can offer stabilization when combined with high-beta stocks, providing a more balanced risk profile.
Here is how Consolidated Edison (ED) and PPL (PPL) have performed compared to their sector so far this year.
Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.
Con Ed (ED) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.