- Con Edison maintains its forecast for the full-year adjusted EPS, targeting a range of $5.50 to $5.70, with an estimated midpoint of $5.62.
- In the first quarter, Con Edison’s adjusted EPS reached $2.26, surpassing both the previous year’s $2.15 and the estimated $2.22.
- Con Edison reported an operating revenue of $4.80 billion, reflecting a 21% increase year-over-year, and exceeding the estimated $4.33 billion.
- The company’s stock currently has 3 buy ratings, 11 hold ratings, and 5 sell ratings from analysts.
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A look at Consolidated Edison Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Consolidated Edison, Inc. is positioned for a stable long-term outlook, based on the Smartkarma Smart Scores. With a strong Momentum score of 5, indicating positive price performance and market sentiment, Con Edison shows potential for continued growth. The company’s high scores in Dividend and Growth, both at 4, reflect its ability to provide steady income to investors and potential for expansion. While Value and Resilience scores are slightly lower at 3, they still suggest a solid foundation and the ability to weather economic fluctuations.
Consolidated Edison‘s core business of providing energy products and services in key markets demonstrates its strategic positioning. Serving areas in New York, New Jersey, and Pennsylvania, as well as catering to wholesale customers, Con Edison plays a crucial role in ensuring electricity supply. Overall, the combination of its diversified services and favorable Smart Scores indicates a promising outlook for Consolidated Edison in the long term.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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