Consolidated Edison beats first-quarter earnings estimates [Yahoo! Finance]
Consolidated Edison, Inc. (ED)
Last consolidated edison, inc. earnings: 2/20 04:55 pm
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US:NYSE Investor Relations:
investor.conedison.com/phoenix.zhtml?c=61493&p=irol-proxy
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Source: Yahoo! Finance
On an adjusted basis, the New York-based company said it earned $2.15 per share in the January-March quarter, compared with analysts' estimate of $1.88 per share, according to LSEG data. The company also reaffirmed its full-year earnings forecast of $5.20 to $5.40 per share. Consolidated Edison provides electric and gas services to about 5.1 million customers through its subsidiaries, mainly in some boroughs of New York City - Manhattan, the Bronx, parts of Queens - and parts of adjoining Westchester County. "Our first quarter financial results reflect the solid rate base growth that we project at our utilities through 2028," said CFO Robert Hoglund. Rate case proceedings determine the amount customers need to pay for electricity, natural gas, private water and steam services provided by regulated utilities. Its quarterly total operating revenue fell to $4.28 billion from $4.40 billion in the year-ago quarter, largely due to a fall in natural gas revenues. Operating reven
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News
- Con Edison Executives to Attend Financial Conferences in May and June 2024 [Yahoo! Finance]Yahoo! Finance
- Con Edison Executives to Attend Financial Conferences in May and June 2024PR Newswire
- Which Stocks Insiders Bought Before/After Latest Earnings? [Yahoo! Finance]Yahoo! Finance
- Consolidated Edison, Inc. (NYSE: ED) had its price target raised by analysts at Barclays PLC from $89.00 to $97.00. They now have an "equal weight" rating on the stock.MarketBeat
- Consolidated Edison, Inc. (NYSE: ED) had its price target raised by analysts at Wells Fargo & Company from $93.00 to $97.00. They now have an "equal weight" rating on the stock.MarketBeat
ED
Earnings
- 5/2/24 - Beat
ED
Sec Filings
- 5/6/24 - Form 4
- 5/6/24 - Form 4
- 5/6/24 - Form 4
- ED's page on the SEC website