Consolidated Edison Inc. (NYSE: ED) has reported E.P.S. of $1.53 for its third fiscal quarter (ending September 30) versus $1.73 for the same period a year ago — a decline of -12%. Relative to the consensus estimate of $1.59, this was a shortfall of $-0.06. For the latest four quarters through September 30, E.P.S. were $6.80 compared to $4.78 a year ago — an increase of 42%.
Recent Price Action
On 11/2/23, Consolidated Edison Inc. (NYSE: ED) stock increased 1.1%, closing at $90.16. The stock has risen 2.1% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, ED is expected to continue to be a Value Builder.
Consolidated Edison has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Consolidated Edison has a neutral Power Rating of 55 but a good Appreciation Score of 73, leading to the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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