- Con Edison reports a healthy Q1 with its Adjusted EPS (Earnings Per Share) beating the estimates, reported at $2.15 compared to $1.83 last year, surpassing the anticipated $1.88.
- Operating revenue, however, experienced a drop, registering $3.97 billion which is 9.8% lesser than the same period last year and below the estimated $4.26 billion.
- The company’s forecast for the year remains stable, projecting an adjusted EPS in the range of $5.20 to $5.40, hovering around the anticipated figure of $5.31.
- Exhibiting market confidence, Con Edison has received more ‘hold’ recommendations compared to ‘buy’ or ‘sell’ statuses. Specifically, it has received two ‘buy’ recommendations, eleven ‘hold’ recommendations, and five ‘sell’ recommendations.
A look at Consolidated Edison Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Consolidated Edison, Inc., a company providing energy products and services, has received promising Smartkarma Smart Scores on various factors. With strong scores in Value, Dividend, Growth, and Momentum, the company demonstrates positive indicators for long-term performance. These high ratings suggest that Consolidated Edison is well-positioned in terms of its financial health, consistent dividend payouts, growth potential, and market momentum. However, the company has a lower score in Resilience, indicating a potential area of concern related to its ability to withstand economic challenges.
Consolidated Edison primarily operates in the energy sector, supplying electric service in several states and catering to both retail and wholesale customers. The combination of solid scores in key areas like Value, Dividend, Growth, and Momentum bodes well for the company’s future prospects. Investors may find Consolidated Edison to be an attractive option for long-term investment, given its favorable performance across these critical factors according to the Smartkarma Smart Scores.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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