ED Stock - Consolidated Edison, Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $15.26B | $14.65B | $15.66B | $13.67B | $12.24B |
| Gross Profit | $9.76B | $8.96B | $9.55B | $8.89B | $8.06B |
| Gross Margin | 64.0% | 61.2% | 61.0% | 65.0% | 65.9% |
| Operating Income | $2.73B | $2.31B | $2.62B | $2.80B | $2.65B |
| Net Income | $1.82B | $2.52B | $1.66B | $1.35B | $1.10B |
| Net Margin | 11.9% | 17.2% | 10.6% | 9.8% | 9.0% |
| EPS | $5.26 | $7.24 | $4.68 | $3.86 | $3.29 |
Consolidated Edison, Inc., through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States. It offers electric services to approximately 3.5 million customers in New York City and Westchester County; gas to approximately 1.1 million customers in Manhattan, the Bronx, parts of Queens, and Westchester County; and steam to approximately 1,555 customers in parts of Manhattan. The company also supplies electricity to approximately 0.3 million customers in southeastern New York and northern New Jersey; and gas to approximately 0.1 million customers in southeastern New York. In addition, it operates 533 circuit miles of transmission lines; 15 transmission substations; 64 distribution substations; 87,564 in-service line transformers; 3,924 pole miles of overhead distribution lines; and 2,291 miles of underground distribution lines, as well as 4,350 miles of mains and 377,971 service lines for natural gas distribution. Further, the company owns, operates, and develops renewable and energy infrastructure projects; and provides energy-related products and services to wholesale and retail customers, as well as invests in electric and gas transmission projects. It primarily sells electricity to industrial, commercial, residential, and government customers. The company was founded in 1823 and is based in New York, New York.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| October 28th 2025 | Wells Fargo | Initiation | Equal Weight | $99 |
| August 15th 2025 | BofA Securities | Downgrade | Underperform | $101 |
| June 30th 2025 | Mizuho | Upgrade | Outperform | $107 |
| May 14th 2025 | KeyBanc Capital Markets | Downgrade | Underweight | $90 |
| December 12th 2024 | Scotiabank | Upgrade | Sector Perform | $100← $90 |
| October 15th 2024 | Citigroup | Upgrade | Buy | $116← $103 |
| October 9th 2024 | Jefferies | Initiation | Hold | $108 |
| July 22nd 2024 | Barclays | Downgrade | Underweight | $92← $97 |
| January 4th 2024 | KeyBanc Capital Markets | Upgrade | Sector Weight | - |
| January 3rd 2024 | Ladenburg Thalmann | Initiation | Neutral | $92.5 |
| October 17th 2023 | Wells Fargo | Upgrade | Equal Weight | $94← $96 |
| August 23rd 2023 | Barclays | Initiation | Equal Weight | $88 |
| July 21st 2023 | BofA Securities | Upgrade | Buy | $103← $92 |
| June 8th 2023 | Goldman | Initiation | Sell | $88 |
| March 22nd 2023 | Argus | Upgrade | Buy | $104 |
Earnings History & Surprises
EDEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 29, 2026 | — | — | — | — |
Q1 2026 | Feb 19, 2026 | $0.84 | — | — | — |
Q4 2025 | Nov 6, 2025 | $1.74 | $1.90 | +9.2% | ✓ BEAT |
Q2 2025 | May 1, 2025 | $2.21 | $2.25 | +1.8% | ✓ BEAT |
Q1 2025 | Feb 20, 2025 | $0.95 | $0.98 | +2.7% | ✓ BEAT |
Q4 2024 | Nov 7, 2024 | $1.62 | $1.68 | +3.7% | ✓ BEAT |
Q3 2024 | Aug 1, 2024 | $0.57 | $0.59 | +3.5% | ✓ BEAT |
Q2 2024 | May 2, 2024 | $1.88 | $2.15 | +14.4% | ✓ BEAT |
Q1 2024 | Feb 15, 2024 | $0.96 | $1.00 | +4.2% | ✓ BEAT |
Q4 2023 | Nov 2, 2023 | $1.60 | $1.62 | +1.3% | ✓ BEAT |
Q3 2023 | Aug 3, 2023 | $0.61 | $0.61 | 0.0% | = MET |
Q2 2023 | May 4, 2023 | $1.62 | $1.83 | +13.0% | ✓ BEAT |
Q1 2023 | Feb 16, 2023 | $0.78 | $0.81 | +3.8% | ✓ BEAT |
Q4 2022 | Nov 3, 2022 | $1.46 | $1.63 | +11.6% | ✓ BEAT |
Q3 2022 | Aug 4, 2022 | $0.59 | $0.64 | +8.5% | ✓ BEAT |
Q2 2022 | May 5, 2022 | $1.48 | $1.47 | -0.7% | ✗ MISS |
Q1 2022 | Feb 17, 2022 | $0.85 | $1.00 | +17.6% | ✓ BEAT |
Q4 2021 | Nov 4, 2021 | $1.47 | $1.41 | -4.1% | ✗ MISS |
Q3 2021 | Aug 5, 2021 | $0.62 | $0.53 | -14.5% | ✗ MISS |
Q2 2021 | May 6, 2021 | $1.36 | $1.44 | +5.9% | ✓ BEAT |
Latest News
UBS Maintains Neutral on Consolidated Edison, Lowers Price Target to $104
➖ NeutralJP Morgan Maintains Underweight on Consolidated Edison, Lowers Price Target to $97
📉 NegativeKeybanc Maintains Underweight on Consolidated Edison, Lowers Price Target to $86
📉 NegativeCon Edison To Sell ~6.6% Mountain Valley Pipeline Stake To Ares Fund For $357.5M
➖ NeutralConsolidated Edison shares are trading lower after President Trump said in a press conference with New York's mayor-elect Mamdani that he needs to talk to ConEd to get prices down.
📉 NegativeWatching Consolidated Edison; Shares Spike Lower, President Trump In Press Conference With NY's Mayor-Elect Mamdani Says "Need To Talk To ConEd To Get Prices Down"
📉 NegativeBarclays Maintains Underweight on Consolidated Edison, Lowers Price Target to $101
📉 NegativeConsolidated Edison Q3 Adj. EPS $1.90 Beats $1.74 Estimate, Sales $4.530B Beat $4.216B Estimate
📈 PositiveConsolidated Edison Raises FY2025 Adj EPS Guidance from $5.50-$5.70 to $5.60-$5.70 vs $5.63 Est
📈 PositiveConsolidated Edison Q3 Adj. EPS $1.90 Beats $1.74 Estimate
📈 PositiveWells Fargo Initiates Coverage On Consolidated Edison with Equal-Weight Rating, Announces Price Target of $99
➖ NeutralMorgan Stanley Maintains Underweight on Consolidated Edison, Raises Price Target to $100
➖ NeutralBarclays Maintains Underweight on Consolidated Edison, Lowers Price Target to $105
📉 NegativeBarclays Maintains Underweight on Consolidated Edison, Lowers Price Target to $105
📉 NegativeKeybanc Maintains Underweight on Consolidated Edison, Raises Price Target to $90
➖ NeutralEvercore ISI Group Initiates Coverage On Consolidated Edison with In-Line Rating, Announces Price Target of $106
➖ NeutralMorgan Stanley Maintains Underweight on Consolidated Edison, Lowers Price Target to $93
📉 NegativeMorgan Stanley Maintains Underweight on Consolidated Edison, Lowers Price Target to $93
📉 NegativeFrequently Asked Questions about ED
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