ED Stock Recent News

NEW YORK , April 11, 2024 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) plans to report its 1st Quarter 2024 earnings on May 2, 2024 after the market closes. Consolidated Edison, Inc. is one of the nation's largest investor-owned energy-delivery companies, with approximately $15 billion in annual revenues and $66 billion in assets.

Amid the ongoing transition in the utility space and still-high interest rates, utilities like NEE, ED, ES and CNP are set to benefit from a strong customer base. They have plans to upgrade infrastructure, add clean assets and provide reliable services.

This top utility stock makes good sense now for conservative accounts and pays a dependable 4.16% dividend.

Consolidated Edison: Dividends Keep Growing But At A Minimal Rate

This stock has rallied off 2023 lows, and is an outstanding way for investors to add an inflation-busting real estate position that pays a hefty 3.97% dividend.

Consolidated Edison's (ED) Q4 total revenues of $3,444 million missed the Zacks Consensus Estimate by 8%. The top line also declined 14.6% from the year-ago quarter's level.

While the top- and bottom-line numbers for Con Ed (ED) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Consolidated Edison (ED) came out with quarterly earnings of $1 per share, beating the Zacks Consensus Estimate of $0.98 per share. This compares to earnings of $0.81 per share a year ago.

Consolidated Edison's (ED) fourth-quarter results are likely to reflect an unfavorable weather pattern impact amid the benefits of increased load growth, driven by vehicle electrification.

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.