Consolidated Edison Inc expected to post earnings of $1.62 a share - Earnings Preview

Consolidated Edison

06/11/2024 14:30

* Consolidated Edison Inc  ED.N   ED  is expected to show a
rise
in quarterly revenue when it reports  results on November 7 for
the period ending September 30 2024
    * The New York City-based  company is expected to report a
4.9% increase in revenue to $4.063 billion from $3.87 billion a
year ago, according to the mean estimate from 6 analysts, based
on LSEG data.
    * ​LSEG's mean analyst estimate for Consolidated Edison Inc
is for
earnings of $1.62 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 10
"hold" and 6 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for
Consolidated
Edison Inc is $104.00​, above​ its last closing price of $99.82.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  0.57        0.57       0.59      Beat    3.6
 Mar. 31 2024  1.91        1.88       2.15      Beat    14.2
 Dec. 31 2023  0.97        0.96       1.00      Beat    4.2​
 Sep. 30 2023  1.62        1.60       1.62      Beat    1.1
 ​​Jun.        0.61        0.61       0.61      Met     0.7
 30 2023                                                
 Jan. 1 0001   1.56        1.58       1.83      Beat    15.8​
 Jan. 1 0001   0.79        0.80       0.81      Beat    1.5
 Sep. 30 2022  1.45        1.46       1.63      Beat    11.5
 This summary was machine generated November 6 at 14:30 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)