Skip to main content

Market Overview

Earnings Outlook For Consolidated Edison

Share:

Consolidated Edison (NYSE: ED) announces its next round of earnings Thursday. Here is Benzinga's everything-that-matters guide for today's Q4 earnings announcement.

Earnings and Revenue

Based on Consolidated Edison management projections, analysts predict EPS of 77 cents per share on revenue of $2.8 billion.

In the same quarter last year, Consolidated Edison posted EPS of 69 cents per share on sales of $2.7 billion. If the company were to post earnings inline with the consensus estimate when it reports Thursday, EPS would be up 11.59 percent. Sales would be up 3.44 percent from the year-ago period.

Here's how the company's reported EPS has stacked up against analyst estimates in the past:

 

Quarter Q3 2017 Q2 2017 Q1 2017 Q4 2016
EPS Estimate 1.52 0.62 1.19 0.66
EPS Actual 1.47 0.58 1.27 0.69

 

Stock Performance

Over the last 52-week period, shares are up 3.6 percent. Given that these returns are generally positive, long-term shareholders can relax going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.

Over the past 90 days, analysts' have adjusted their estimates higher for EPS and revenues. The average rating by analysts on Consolidated Edison stock is a Sell. The strength of this rating has maintained conviction over the past 90 days.

Conference Call

Don't be surprised to see the stock move on comments made during its conference call. Consolidated Edison's Q4 conference call is scheduled to begin at 4:00 p.m. ET and can be accessed here: http://investor.conedison.com/phoenix.zhtml?c=61493&p=irol-presentations

 

Related Articles (ED)

View Comments and Join the Discussion!

Posted-In: Earnings News Previews Trading Ideas

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com