Consolidated Edison Inc reports results for the quarter ended December 31 - Earnings Summary

Consolidated Edison

20/02/2025 23:37

* Consolidated Edison Inc  ED.N  reported quarterly adjusted
earnings of 98 cents​​ per share for the quarter ended December
31, lower than the same quarter last year, when the company
reported EPS of $1.00.  The mean expectation of fifteen analysts
for the quarter was for earnings of 95 cents per share. Wall
Street expected results to range from 93 cents to 98 cents per
share.
    * Revenue rose 6.5% to $3.67 billion from a year ago;
analysts
expected $3.68 billion. 
    * Consolidated Edison Inc's reported EPS for the quarter was
89
cents​.
    * The company reported quarterly net income of $310 million.
    * Consolidated Edison Inc shares had risen by 6.8% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.9%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 12
"hold" and 4 "sell" or "strong sell." 
    * The average consensus recommendation for the electric
utilities
peer group is also "hold"

Wall Street's median 12-month price target for Consolidated
Edison Inc is $100.00 
This summary was machine generated from LSEG data February 20 at
11:36 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      0.95           0.98           Beat
 Sep. 30 2024      1.62           1.68           Beat
 Jun. 30 2024      0.57           0.59           Beat
 Mar. 31 2024      1.88           2.15           Beat