Consolidated Edison ED is set to give its latest quarterly earnings report on Thursday, 2022-05-05. Here's what investors need to know before the announcement.
Analysts estimate that Consolidated Edison will report an earnings per share (EPS) of $1.48.
Consolidated Edison bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Past Earnings Performance
Last quarter the company beat EPS by $0.15, which was followed by a 3.88% increase in the share price the next day.
Here's a look at Consolidated Edison's past performance and the resulting price change:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.85 | 1.48 | 0.60 | 1.36 |
| EPS Actual | 1 | 1.41 | 0.53 | 1.44 |
| Price Change % | 3.88% | 2.53% | 0.27% | 0.3% |
Stock Performance
Shares of Consolidated Edison were trading at $92.28 as of May 03. Over the last 52-week period, shares are up 19.33%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.
To track all earnings releases for Consolidated Edison visit their earnings calendar on our site.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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