Consolidated Edison Q4 Earnings Beat Estimates but Decline

Consolidated Edison Inc. reports a decline in profit for Q4. However, the earnings still beat expectations, indicating underlying strengths. The company's revenue rose by 6.5% year-over-year, showcasing its resilience despite the profit drop.

Date: 21-02-2025

AI Rating: 6

Profit Decline and Earnings Per Share (EPS): Consolidated Edison Inc. reported a profit decrease in the fourth quarter, dropping to $310 million or $0.89 per share from $335 million or $0.96 per share last year. However, the reported EPS of $0.89 exceeded analysts' expectations of $0.96 per share, which typically exclude special items.

Revenue Growth: The company did, however, experience a revenue increase of 6.5%, rising from $3.444 billion to $3.669 billion year-over-year. This growth in revenue suggests that while profits are down, the company's sales are still robust, potentially indicating a positive trend moving forward, even amid profit pressures.

Summary of Ratings:
- EPS Rating: 6 (neutral, as it meets expectations)
- Revenue Growth Rating: 7 (slightly positive, exceeding revenue expectations)

Consolidated Edison Inc.'s operational performance provides a mixed picture; while profit has declined, the strong revenue performance could lend support to future growth and investor confidence.

Stocks: ED