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Surging utility stocks primed for more gains as energy costs fall and interest rates ease - Ed Butowsky
KITCO· 2024-10-08 17:02
Jeremy Szafron joins Kitco News as an anchor and producer from Kitco's Vancouver bureau. Jeremy is a seasoned journalist with a diverse background covering entertainment, current affairs and finance. Jeremy began his career in 2006 as a Journalist at CTV (Canada's largest network), initially engaging audiences as an entertainment reporter before pivoting to business reporting focusing on mining and small-caps. His macro-financial and market trends analysis made him a sought-after commentator on CTV Morning ...
CON EDISON TO WEBCAST CLEAN ENERGY FUTURE PRESENTATION ON OCTOBER 8
Prnewswire· 2024-09-16 20:00
NEW YORK, Sept. 16, 2024 /PRNewswire/ -- Consolidated Edison, Inc. (NYSE: ED) will make a clean energy presentation from 9 a.m. to 10 a.m. Eastern Time on Tuesday, October 8, 2024. Con Edison's corporate leadership team, led by Chairman and CEO Timothy Cawley, will discuss Con Edison's strategy to help New York State achieve its environmental goals, which the company supports. The team will also discuss environmental, social and governance practices. The presentation will be followed by a questionand-answer ...
Con Edison Executives to Attend Financial Conferences in September and October 2024
Prnewswire· 2024-09-03 20:30
NEW YORK, Sept. 3, 2024 /PRNewswire/ -- Consolidated Edison, Inc. ("Con Edison") (NYSE: ED) executives will meet with investors at conferences in September and October 2024. The presentation will be followed by a question-and-answer session. A copy of Con Edison's investor presentation for these meetings can be found on the Presentations & Webcasts page of Con Edison's website (Select "For Investors" and then select "Presentation & Webcasts"). Consolidated Edison, Inc. is one of the nation's largest investo ...
3 Low-Volatility Stocks That Have More Upside in 2024
Investor Place· 2024-08-14 16:28
Growth stocks offer the potential to outperform the market and generate solid long-term returns, but these stocks also come with plenty of risk. Some growth stocks fizzle out and crash within one year, never to reclaim their all-time highs. Other growth stocks go through sharp drops that can startle many investors into selling their positions. While the stock market can generate sizable returns, some investors prefer less movement within their portfolios. These investors often target reliable companies that ...
Consolidated Edison (ED) Q2 Earnings Top, Revenues Rise Y/Y
ZACKS· 2024-08-02 14:26
Consolidated Edison, Inc. (ED) reported second-quarter 2024 adjusted earnings of 59 cents per share, which beat the Zacks Consensus Estimate of 55 cents per share by 7.3%. However, the bottom line declined 3.3% from 61 cents recorded in the prior-year quarter. The company posted GAAP earnings of 58 cents per share compared with 65 cents per share in the second quarter of 2023. The year-over-year deterioration can be attributed to higher operating expenses and interest expenses compared to the prior-year qua ...
Con Ed (ED) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
ZACKS· 2024-08-01 23:31
Consolidated Edison (ED) reported $3.22 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 9.4%. EPS of $0.59 for the same period compares to $0.61 a year ago. The reported revenue represents a surprise of +4.54% over the Zacks Consensus Estimate of $3.08 billion. With the consensus EPS estimate being $0.55, the EPS surprise was +7.27%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall S ...
Consolidated Edison (ED) Q2 Earnings and Revenues Surpass Estimates
ZACKS· 2024-08-01 22:55
Consolidated Edison (ED) came out with quarterly earnings of $0.59 per share, beating the Zacks Consensus Estimate of $0.55 per share. This compares to earnings of $0.61 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 7.27%. A quarter ago, it was expected that this utility would post earnings of $1.89 per share when it actually produced earnings of $2.15, delivering a surprise of 13.76%. Over the last four quarters, the compa ...
Con Edison(ED) - 2024 Q2 - Quarterly Report
2024-08-01 20:43
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant To Section 13 or 15(d) of the Securities Exchange Act of 1934 FOR THE QUARTERLY PERIOD ENDED June 30, 2024 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to | --- | --- | --- | --- | --- | |--------------------------|----------------------------------------------------------------------------------------------------------- ...
CON EDISON REPORTS 2024 SECOND QUARTER EARNINGS
Prnewswire· 2024-08-01 20:42
NEW YORK, Aug. 1, 2024 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) today reported 2024 second quarter net income for common stock of $202 million or $0.58 a share compared with $226 million or $0.65 a share in the 2023 second quarter. Adjusted earnings (non-GAAP) were $203 million or $0.59 a share in the 2024 period compared with $210 million or $0.61 a share in the 2023 period. Adjusted earnings and adjusted earnings per share in the 2024 and 2023 periods exclude the effects of hypoth ...
Con Edison(ED) - 2024 Q2 - Quarterly Results
2024-08-01 20:40
Exhibit 99.1 FOR IMMEDIATE RELEASE Contact: Allan Drury August 1, 2024 212-460-4111 Media Relations Consolidated Edison, Inc. 212 460 4111 (24 hours) 4 Irving Place New York, NY 10003 www.conEdison.com CON EDISON REPORTS 2024 SECOND QUARTER EARNINGS NEW YORK - Consolidated Edison, Inc. (Con Edison) (NYSE: ED) today reported 2024 second quarter net income for common stock of $202 million or $0.58 a share compared with $226 million or $0.65 a share in the 2023 second quarter. Adjusted earnings (non-GAAP) were ...