Consolidated Edison (ED) Stock

Runwise, a smart control platform that enhances the efficiency of heating, cooling, and water systems in over 7,500 buildings nationwide, has been named Top Multifamily Contractor of the Year for 2024 by Con Edison. As a Participating Contractor in Con Edison's clean energy program, Runwise is honored to receive this recognition. "We are extremely proud of this award from Con Edison," stated Mike Cook, Chief Growth Officer and cofounder of Runwise.

Consolidated Edison, a major utility company in New York City, is considered a good investment because of its anticipated earnings growth and its reputation as a Dividend King. Although its share price recently fell by 5%, the company's Q3 earnings exceeded expectations, and it has raised its earnings per share forecast for 2024. While its net income margin and return on equity are lower than some competitors, its dividend yield is still appealing for those looking for income.

Con Ed (ED) lacks the right mix of two important factors that could lead to a strong earnings report in the near future. Be ready for the main expectations.

On November 7, 2024, after the market closes, Consolidated Edison, Inc. (Con Edison) will announce its earnings for the third quarter of 2024. Con Edison is among the largest energy delivery companies in the U.S., generating around $15 billion in revenue for 2023 and holding $68 billion in assets as of June 30, 2024.

On September 16, 2024, Consolidated Edison, Inc. (NYSE: ED) will give a presentation about clean energy starting at 9 a.m. in New York.

On September 3, 2024, in New York, Consolidated Edison, Inc. ("Con Edison") (NYSE: ED) announced that its executives will hold meetings with investors at various conferences in September and October 2024.

While the revenue and earnings per share (EPS) for Con Ed (ED) provide insight into its performance for the quarter ending in June 2024, it could be helpful to look at how these important figures stack up against Wall Street predictions and last year's results.

Consolidated Edison (ED) reported quarterly earnings of $0.59 per share, which is higher than the Zacks Consensus Estimate of $0.55 per share. This is a slight decrease compared to earnings of $0.61 per share from the same period last year.

On August 1, 2024, Consolidated Edison, Inc. (Con Edison) announced its net income for the second quarter of 2024, which was $202 million, or $0.58 per share, down from $226 million, or $0.65 per share, in the same quarter of 2023. The adjusted earnings for the second quarter of 2024 were $203 million, or $0.59 per share, compared to $210 million, or $0.61 per share, in 2023.