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As Consolidated Edison approaches its earnings announcement on November 6, all eyes are on how the utility giant will navigate the evolving energy landscape, particularly given its substantial market cap of over $35 billion. Analysts are keenly observing whether the company can surpass the EPS estimate of $1.74, with the whisper number suggesting a slightly more optimistic $1.84. This subtle uptick in expectations reflects a cautious optimism among investors, likely influenced by the company's strategic focus on sustainable energy initiatives. Revenue is projected at $4.22 billion, a figure that will be scrutinized for signs of growth amid a backdrop of regulatory changes and shifting consumer preferences. With no recent news to sway sentiment, the upcoming earnings report will be pivotal in shaping market perceptions and investor confidence in Consolidated Edison's ability to adapt and thrive in a dynamic sector.
Consolidated Edison, Inc., commonly known as Con Edison (stylized as conEdison) or ConEd, is one of the largest investor-owned energy companies in the United States, with approximately $12 billion in annual revenues as of 2017, and over $48 billion in assets. The company provides a wide range of energy-related products and services to its customers through its subsidiaries.
Website: https://www.conedison.com
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