Consolidated Edison Analysts Increase Their Forecasts Following Better-Than-Expected Results
May 2, 2025, 2:25 PM EDT1 sourcesAI-analyzed
Why it may matterVerify against the original reporting
Despite short-term share price decline, strong earnings and growth outlook suggest bullish sentiment. Historically, companies with positive earnings revisions generally see upward price momentum, reflecting a healthy fundamental backdrop.
AI summary
What happened, with direct paths to the underlying reporting
ED's Q1 earnings beat estimates at $2.26 per share. Sales reached $4.80 billion, exceeding expectations of $4.44 billion. Con Edison plans $72 billion in capital investments over 10 years. FY2025 EPS guidance revised between $5.50 to $5.70. Stock fell 2.6% post-earnings despite strong results.
ED's Q1 earnings beat estimates at $2.26 per share.
Sales reached $4.80 billion, exceeding expectations of $4.44 billion.
Con Edison plans $72 billion in capital investments over 10 years.
FY2025 EPS guidance revised between $5.50 to $5.70.
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