NEW YORK, March 20, 2024 /PRNewswire/ -- Consolidated Edison, Inc. ("Con Edison") (NYSE: ED) Chairman & CEO Tim Cawley will meet with investors in Europe during the week of March 25 to 28, 2024. As part of the meetings, management will discuss its recent Q4 and FY 2023 financial results and business strategy, including Con Edison's clean energy future. A copy of Con Edison's latest investor presentation for these meetings can be found on the Presentations & Webcasts page of the Company's Investor Relations ...

peterschreiber.media Business Overview Consolidated Edison (NYSE:ED) is a utility company that distributes and delivers electricity, gas and steam energy in New York to about 4 million people. The company operates power plants, distribution centers, distribution routes and natural gas pipelines among other things in order to create and distribute energy. As with most regional utility companies, it enjoys a monopoly status in the markets it operates, but its actions and its business practices are highly ...

Shares of Consolidated Edison, Inc. (ED) fell 1% to reach $87.32 on Feb 16, following the company’s latest report.The company reported fourth-quarter 2023 adjusted earnings of $1 per share, which beat the Zacks Consensus Estimate of 98 cents by 2%. The bottom line also increased a solid 23.5% from 81 cents recorded in the prior-year quarter.Barring one-time adjustments, the company posted GAAP earnings of 97 cents per share compared with 53 cents in the fourth quarter of 2022.For 2023, the company generated ...

For the quarter ended December 2023, Consolidated Edison (ED) reported revenue of $3.44 billion, down 14.6% over the same period last year. EPS came in at $1.00, compared to $0.81 in the year-ago quarter.The reported revenue represents a surprise of -8.02% over the Zacks Consensus Estimate of $3.74 billion. With the consensus EPS estimate being $0.98, the EPS surprise was +2.04%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to deter ...

Consolidated Edison (ED) came out with quarterly earnings of $1 per share, beating the Zacks Consensus Estimate of $0.98 per share. This compares to earnings of $0.81 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.04%. A quarter ago, it was expected that this utility would post earnings of $1.58 per share when it actually produced earnings of $1.62, delivering a surprise of 2.53%.Over the last four quarters, the company has ...

NEW YORK, Feb. 15, 2024 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) today reported 2023 net income for common stock of $2,519 million or $7.25 a share compared with $1,660 million or $4.68 a share in 2022. Adjusted earnings (non-GAAP) were $1,762 million or $5.07 a share in the 2023 period compared with $1,620 million or $4.57 a share in 2022. Adjusted earnings and adjusted earnings per share in the 2023 and 2022 periods exclude the effects of hypothetical liquidation at book value (HL ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ___________________________________________________ FORM 10-K ___________________________________________________ ☒ Annual Report Pursuant To Section 13 or 15(d) of the Securities Exchange Act of 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2023 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 New York 13-3965100 State of Incorporation I.R.S. Employer For the transition period from to ________ ...

Consolidated Edison Inc. (ED) is scheduled to release fourth-quarter and full-year 2023 earnings on Feb 15, after market close.The company delivered an earnings surprise of 2.53% in the last reported quarter. It boasts a four-quarter average earnings surprise of 6.13%.Factors to NoteDuring most of the fourth quarter, ED’s service territories experienced a warmer-than-normal weather pattern, while snow accumulations were observed for a few days. This might have negatively impacted electricity demand from the ...

The market expects Consolidated Edison (ED) to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be r ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant To Section 13 or 15(d) of the Securities Exchange Act of 1934 FOR THE QUARTERLY PERIOD ENDED September 30, 2023 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to | Commission File Number | Exact name of registrant as specified in its charter and principal executive office address and telephone number | State of Incorporati ...