Consolidated Edison Earnings: Everything You Must Know Now
Consolidated Edison Inc. (NYSE:ED) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
Consolidated Edison Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 3.28% to $0.59 in the quarter versus EPS of $0.61 in the year-earlier quarter.
Revenue: Rose 1.7% to $2.82 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Consolidated Edison Inc. reported adjusted EPS income of $0.59 per share. By that measure, the company beat the mean analyst estimate of $0.57. It missed the average revenue estimate of $2.85 billion.
Key Stats (on next page)…
Revenue decreased 11.49% from $3.18 billion in the previous quarter. EPS decreased 45.37% from $1.08 in the previous quarter.
Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $1.47 to a profit $1.46. For the current year, the average estimate is a profit of $3.78, which is the same with that ninety days ago.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)