Con Edison Forecasts Five-Year Compounded Annual Adjusted EPS Growth Rate Of 5% To 7% Based On Its 2024 Adjusted EPS Guidance
Portfolio Pulse from Benzinga Newsdesk
Con Edison projects a 5% to 7% compounded annual growth rate in adjusted EPS over the next five years, anchored on its 2024 adjusted EPS guidance.
February 15, 2024 | 10:05 pm
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POSITIVE IMPACT
Con Edison's projection of a 5% to 7% compounded annual growth rate in adjusted EPS over the next five years is expected to positively influence investor sentiment.
The announcement of a steady growth rate in adjusted EPS typically signals strong future performance and financial health, which can lead to increased investor confidence and potentially drive up the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100