Consolidated Edison Inc reports results for the quarter ended December 31 - Earnings Summary

• Consolidated Edison Inc ED.N reported quarterly adjusted earnings of 98 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of $1.00. The mean expectation of fifteen analysts for the quarter was for earnings of 95 cents per share. Wall Street expected results to range from 93 cents to 98 cents per share.

• Revenue rose 6.5% to $3.67 billion from a year ago; analysts expected $3.68 billion.

• Consolidated Edison Inc's reported EPS for the quarter was 89 cents​.

• The company reported quarterly net income of $310 million.

• Consolidated Edison Inc shares had risen by 6.8% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 1.9% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy," 12 "hold" and 4 "sell" or "strong sell."

• The average consensus recommendation for the electric utilities peer group is also "hold"

Wall Street's median 12-month price target for Consolidated Edison Inc is $100.00

This summary was machine generated from LSEG data February 20 at 11:36 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)