- Con Edison reported a second-quarter adjusted earnings per share (EPS) of 67 cents, which is an increase from 59 cents year-over-year (y/y) and surpasses the estimate of 65 cents.
- The company’s operating revenue for the second quarter amounted to $3.60 billion, reflecting a 12% increase y/y and exceeding the estimate of $3.45 billion.
- For the full year, Con Edison maintains its forecast for adjusted EPS in the range of $5.50 to $5.70, with analysts estimating it at $5.62.
- Analysts’ ratings for Con Edison include 4 buy recommendations, 7 hold recommendations, and 6 sell recommendations.
A look at Consolidated Edison Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.6 |
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., a leading energy provider, has received favorable Smartkarma Smart Scores across the board. With strong scores of 4 in Value, Dividend, and Growth, the company is poised for long-term success. These scores reflect positive indicators for investors in terms of the company’s financial stability, returns to shareholders, and potential for future growth.
While Consolidated Edison scored slightly lower in Resilience and Momentum, with scores of 3, it still maintains a solid overall outlook. The company’s ability to weather challenges and its steady progress indicate a reliable investment option. With its core business in providing energy products and services in key locations, including New York and parts of New Jersey and Pennsylvania, Consolidated Edison demonstrates stability and growth potential for the future.
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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