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Market Impact: 0.35

Consolidated Edison (ED) Lags Q1 Earnings Estimates

ED
Corporate EarningsAnalyst EstimatesCompany Fundamentals

Consolidated Edison reported quarterly earnings of $2.17 per share, missing the Zacks Consensus Estimate of $2.32 by $0.15, or about 6.5%. EPS also declined from $2.25 a year ago, indicating some pressure on near-term profitability. The miss is meaningful for the stock but does not suggest a broader sector event.

Analysis

Consolidated Edison reported quarterly earnings of $2.17 per share, missing the Zacks Consensus Estimate of $2.32 by $0.15, or about 6.5%. EPS also declined from $2.25 a year ago, indicating some pressure on near-term profitability. The miss is meaningful for the stock but does not suggest a broader sector event.

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Market Sentiment

Overall Sentiment

moderately negative

Sentiment Score

-0.28

Ticker Sentiment

ED-0.74