Consolidated Edison Inc (ED, Financial) is set to release its Q2 2024 earnings on Aug 1, 2024. The consensus estimate for Q2 2024 revenue is $3,179.52 million, and the earnings are expected to come in at $0.47 per share. The full year 2024's revenue is expected to be $15.23 billion and the earnings are expected to be $5.27 per share. More detailed estimate data can be found here.
Consolidated Edison Inc (ED, Financial) Estimate Trends
Over the past 90 days, revenue estimates for Consolidated Edison Inc (ED) have declined. For the full year 2024, estimates decreased from $15.49 billion to $15.23 billion, and for 2025, estimates fell from $16.12 billion to $15.76 billion. Earnings estimates have also seen a reduction. For 2024, estimates dropped from $5.34 per share to $5.27 per share, and for 2025, they went from $5.66 per share to $5.61 per share.
Consolidated Edison Inc (ED, Financial) Reported History
In the previous quarter of March 31, 2024, Consolidated Edison Inc's (ED) actual revenue was $4.28 billion, which missed analysts' revenue expectations of $4.40 billion by -2.71%. Consolidated Edison Inc's (ED) actual earnings were $2.08 per share, which missed analysts' earnings expectations of $2.32 per share by -10.34%. After releasing the results, Consolidated Edison Inc (ED) was up by 0.33% in one day.
Consolidated Edison Inc (ED, Financial) 12 Month Price Targets
Based on the one-year price targets offered by 13 analysts, the average target price for Consolidated Edison Inc (ED) is $92.08 with a high estimate of $103 and a low estimate of $75. The average target implies a downside of -5.73% from the current price of $97.67.
Based on GuruFocus estimates, the estimated GF Value for Consolidated Edison Inc (ED, Financial) in one year is $94.87, suggesting a downside of -2.87% from the current price of $97.67.
Based on the consensus recommendation from 18 brokerage firms, Consolidated Edison Inc's (ED, Financial) average brokerage recommendation is currently 3.1, indicating a "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
