Earnings Outlook For Consolidated Edison
Portfolio Pulse from Benzinga Insights
Consolidated Edison (NYSE:ED) is scheduled to release its quarterly earnings report on February 15, 2024, with an expected EPS of $0.96. Analysts and investors are particularly interested in the company's guidance for future growth. The company's past earnings performance shows a mix of hits and misses against EPS estimates, with minor share price fluctuations following the announcements. Currently, shares are trading at $86.67, marking a 5.19% decline over the last year. This performance trend and the upcoming earnings report are critical for investors.
February 14, 2024 | 8:01 pm
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NEUTRAL IMPACT
Consolidated Edison is expected to report an EPS of $0.96 for the upcoming quarter. Past performance shows minor fluctuations in share price post-earnings, with a recent 5.19% annual decline. The focus is on future guidance.
Given the mixed past performance and the recent downward trend in share price, the short-term impact of the earnings report on ED's stock price is uncertain. The market's reaction will likely hinge on the company's future guidance rather than the earnings beat or miss. Historical data shows minor immediate price changes post-earnings, suggesting a potentially neutral short-term impact.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100