Consolidated Edison Inc expected to post earnings of $1.88 a share - Earnings Preview

Consolidated Edison

30/04/2024 21:32

* Consolidated Edison Inc  ED.N   ED  is expected to show a
fall
in quarterly revenue when it reports  results on May 2 for the
period ending March 31 2024
    * The New York City-based  company is expected to report a
0.1% decrease in revenue to $4.399 billion from $4.4 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 $1.88 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 11
"hold" and 5 "sell" or "strong sell."  
    * The mean earnings estimate of analysts had risen by
about 0.6%
in the last three months. ​
    * Wall Street's median 12-month price target for
Consolidated
Edison Inc is $90.50​, below​ its last closing price of $93.97.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 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. 30 2023  0.61        0.61       0.61      Met     0.7​
 Mar. 31 2023  1.56        1.58       1.83      Beat    15.8
 ​​Jan.        0.79        0.80       0.81      Beat    1.5
 1 0001                                                 
 Sep. 30 2022  1.45        1.46       1.63      Beat    11.5​
 Jun. 30 2022  0.58        0.59       0.64      Beat    9.1
 Mar. 31 2022  1.47        1.48       1.47      Missed  -0.8
 This summary was machine generated April 30 at 20:32 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)