Why Consolidated Edison (ED) is a Top Momentum Stock for the Long-Term

Group 1: Zacks Premium Overview - Zacks Premium offers various tools to help investors become more confident and informed, including daily updates on Zacks Rank and Industry Rank, Equity Research reports, and Premium stock screens [1] - The service includes Zacks Style Scores, which are designed to assist investors in selecting stocks with the highest potential to outperform the market in the short term [2] Group 2: Zacks Style Scores - Zacks Style Scores rate stocks using an alphabetic system from A to F based on value, growth, and momentum characteristics, with A being the highest score [3] - The Style Scores are categorized into four types: Value Score, Growth Score, Momentum Score, and VGM Score, each focusing on different investment strategies [3][4][5][6] Group 3: Value Score - The Value Score identifies stocks that are undervalued based on financial ratios such as P/E, PEG, Price/Sales, and Price/Cash Flow, appealing to value investors [3] Group 4: Growth Score - The Growth Score assesses a company's financial health and future growth potential by analyzing projected and historical earnings, sales, and cash flow [4] Group 5: Momentum Score - The Momentum Score helps investors capitalize on price trends by evaluating short-term price changes and earnings estimate revisions [5] Group 6: VGM Score - The VGM Score combines the three Style Scores to provide a comprehensive rating, highlighting stocks with attractive value, strong growth forecasts, and positive momentum [6] Group 7: Zacks Rank - The Zacks Rank is a proprietary model that uses earnings estimate revisions to guide investors in building successful portfolios, with 1 (Strong Buy) stocks historically yielding an average annual return of +23.81% since 1988 [7][8] Group 8: Stock to Watch - Consolidated Edison - Consolidated Edison, Inc. (ED) is a diversified utility holding company based in New York, with a recent sale of its renewable energy business [11] - ED holds a 3 (Hold) rating on the Zacks Rank and has a VGM Score of B, with a Momentum Style Score of B and a 4.9% increase in share price over the past four weeks [12] - The Zacks Consensus Estimate for ED's earnings for fiscal 2025 has been revised upwards to $5.62 per share, with an average earnings surprise of +2% [12]