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Stock impact report

Consolidated Edison (ED) Q4 Earnings Beat Estimates, Revenues Miss [Yahoo! Finance]

Consolidated Edison, Inc. (ED) 
Last consolidated edison, inc. earnings: 2/20 04:55 pm Check Earnings Report
Company Research Source: Yahoo! Finance
The company reported fourth-quarter 2023 adjusted earnings of $1 per share, which beat the Zacks Consensus Estimate of 98 cents by 2%. The bottom line also increased a solid 23.5% from 81 cents recorded in the prior-year quarter. Barring one-time adjustments, the company posted GAAP earnings of 97 cents per share compared with 53 cents in the fourth quarter of 2022. For 2023, the company generated adjusted earnings of $5.07 per share compared with $4.57 in 2022. Consolidated Edison Inc Price, Consensus and EPS Surprise Consolidated Edison Inc price-consensus-eps-surprise-chart | Consolidated Edison Inc Quote Total Revenues In the reported quarter, Consolidated Edison's total revenues of $3,444 million missed the Zacks Consensus Estimate of $3,744 million by 8%. The top line also declined 14.6% from $4,031 million reported in the year-ago quarter. The downside was primarily due to lower gas, steam and non-utility revenues. Electric revenues totaled $2,527 million in the Show less Read more
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