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Consolidated Edison (ED) earnings: expect 1% revenue growth

1:33 pm ET, 01 May 2019

Consolidated Edison (ED) is announcing earnings on May 02, after the market closes. Wondering what revenue and earnings will look like?

What should you expect from the upcoming earnings?

Revenue for the next quarter is expected to be $3.39B, which implies 1% growth rate year-over-year.

Earnings per share are expected to come in at $1.38. If this materializes, EPS will grow 1% year-over-year.

How did the stock do last month?

Over the last month, Consolidated Edison (ED) returned -0.83%.

What do analysts say about the stock?

Consolidated Edison (ED) average analyst price target is -4.79% below its current price ($86.16).

For the latest price and information on Consolidated Edison Inc, please visit Finstead and ask for "ED", "ED analysis" or "ED news".

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Consolidated Edison Inc (ED) Stock Guide

Updated at: 12:11 am ET, 17 Sep 2020

Before we start: if you're looking for ED stock price, you can quickly find it out by visiting Finny and typing "ED quote". If you're looking for a quick scoop on ED stock (chart, price target, market cap, news and buy or sell analysis), go to Finny and look for "ED". You'll get all this info in one place. Or you can just type "ED news" to get the latest stock news.

Looking to buy or sell Consolidated Edison Inc (ED)? Interested in getting the full scoop on ED, including earnings and dividends, stock forecast, buy or sell analysis and key stats? If so, you came to the right place.

In this ED stock guide, we'll address key questions about ED, above and beyond what you can find on Yahoo Finance, Zacks, MarketWatch or Morningstar.

Here is what you'll be able to find in this guide:

Earnings and Dividends: earnings, earnings date, dividend rate and dividend yield;
Analyst Predictions: stock forecast and analyst ratings;
Analysis: Finny Score and buy or sell analysis;
Key Stats: revenue, market cap, revenue growth, profit margin, P/E ratio, P/B ratio, industry, sector, and number of employees.

And here is the list of questions we'll answer:
1. What are ED earnings?
2. What is ED dividend?
3. What is ED dividend yield?
4. What is ED stock forecast (i.e., prediction)?
5. ED buy or sell? What is ED Finny Score?
6. What are the reasons to buy ED? Why should I buy ED stock?
7. What are the reasons to sell ED? Why should I sell ED stock?
8. What are ED key stats: revenue, market cap, revenue growth, profit margin, P/E ratio, P/B ratio industry, sector, and number of employees?

So let's start. Scroll down to the question that interests you the most.

Earnings and Dividends

1. What are ED earnings?

ED trailing 12-month earnings per share (EPS) is $3.99.

2. What is ED dividend?

ED forward dividend is $3.06.

3. What is ED dividend yield?

ED forward dividend yield is 4.29%.

Analyst Predictions

4. What is ED stock forecast (i.e., prediction)?

Based on ED analyst price targets, ED stock forecast is $77.33 (for a year from now). That means the average analyst price target for ED stock is $77.33. The prediction is based on 14 analyst estimates.

The low price target for ED is $72.00, while the high price target is $86.00.

ED analyst rating is Hold.

Analysis

5. ED buy or sell? What is ED Finny Score?

#{finnyScore:43}Our quantitative analysis shows 3 reasons to buy and 4 reasons to sell ED, resulting in Finny Score of 43.

6. What are the reasons to buy ED? Why should I buy ED stock?

Here are the reasons to buy ED stock:

  • Con Ed's entry in gas infrastructure and electric transmission should provide some high-quality earnings growth in addition to its New York utilities and renewables.
  • At our fair value estimate, Con Ed's dividend would yield 4.1%.
  • Con Ed has raised its dividend each year for 42 consecutive years and remains committed to paying a strong dividend.
  • ED profitability is improving. The YoY profit margin change was 2.36 percentage points. See ED profitability chart.
  • ED forward dividend yield is 4.29%, higher than the industry (1.63%) and sector (1.36%) forward dividend yields. See ED forward dividend chart.
  • ED Price/Book ratio is 1.28, which is low compared to its industry peers’ P/B ratios. See ED forward Price/Book ratio chart.

7. What are the reasons to sell ED? Why should I sell ED stock?

Let's look at the reasons to sell ED stock (i.e., the bear case):

  • Over the long term, New York's high cost of living puts pressure on a regulated utility to avoid large rate increases.
  • New York's intense political climate means that achieving rate increases is tougher than in many other jurisdictions.
  • Con Ed could face annual fines for nonperformance in excess of $400 million and doesn't have much protection from rising property taxes.
  • ED quarterly revenue growth was -0.90%, lower than the industry and sector average revenue growth (0.36% and 0.75%, respectively). See ED revenue growth chart.
  • ED PEG ratio (P/E adjusted for growth) is 6.60, which is high compared to its industry peers’ PEG ratios. See ED PEG chart.
  • ED short interest (days to cover the shorts) ratio is 2.9. The stock garners more short interest than the average industry, sector or S&P 500 stock. See ED short interest ratio chart.
  • ED cash to debt ratio is 0.05, lower than the average industry (0.05) and sector (0.05) cash to debt ratio. See ED cash to debt chart.

Key Stats

8. What are ED key stats : revenue, market cap, revenue growth, profit margin, P/E ratio, P/B ratio industry, sector, and number of employees?

Let's look at the key statistics for ED:

Metrics ED
Price $78.50
Average Price Target / Upside $77.47 / -1.31%
Average Analyst Rating Sell
Forward Dividend Yield 3.72%
Industry Utilities - Regulated Electric
Sector Utilities
Number of Employees 15,307
Market Cap $27.51B
Forward P/E Ratio 18.24
Price/Book Ratio 2.24
Revenue (TTM) $12.27B
YoY Quarterly Revenue Growth -0.90%
Profit Margin 10.86%

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