Consolidated Edison Inc. (NYSE: ED) has reported earnings for its third fiscal quarter (ending September 30) of $1.70 versus $1.53 for the same period a year ago — an increase of 11%. For the latest four quarters through September 30, E.P.S. were $5.34 compared to $6.80 a year ago — a decline of -21%.
Recent Price Action
On 11/7/24, Consolidated Edison Inc. (NYSE: ED) stock declined modestly by -1.4%, closing at $97.58. Moreover, trading volume in this decline was unusually high at 167% of normal. Relative to the market the stock has been strong over the last nine months but has declined -5.0% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, ED is expected to continue to be a Value Builder.
Consolidated Edison has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Consolidated Edison has a good Appreciation Score of 72 and a good Power Rating of 82, with the Highest Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
Be the first to comment