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Many people believe a recession is looming as macro indicators flash red across the board. The Sahm Rule was recently activated.
Dividend aristocrats make an excellent case for inclusion in your portfolio, irrespective of the underlying circumstances. To qualify as a dividend aristocrat, a stock must represent one of the S&P 500 companies and have boosted their dividend every year for at least 25 years.
Utility stocks are looking attractive after wandering in the wilderness for the past couple of years due to high inflation and interest rates. High prices caused pushback on utility rate increases, while the capital-intensive nature of their operations left them languishing in the high interest rate environment.
Consolidated Edison's (ED) second-quarter earnings and revenues beat estimates. The company's 2024 EPS outlook remains unchanged.
Although the revenue and EPS for Con Ed (ED) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Consolidated Edison (ED) came out with quarterly earnings of $0.59 per share, beating the Zacks Consensus Estimate of $0.55 per share. This compares to earnings of $0.61 per share a year ago.
NEW YORK , Aug. 1, 2024 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) today reported 2024 second quarter net income for common stock of $202 million or $0.58 a share compared with $226 million or $0.65 a share in the 2023 second quarter. Adjusted earnings (non-GAAP) were $203 million or $0.59 a share in the 2024 period compared with $210 million or $0.61 a share in the 2023 period.
Let's focus on utilities like XEL, ETR, D, PNW and ED, which are scheduled to release second-quarter 2024 earnings on Aug 1.
Consolidated Edison's (ED) Q2 results are likely to benefit from a warmer-than-normal temperature pattern and strong rate-based growth. However, higher interest expenses may have hurt earnings.
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.