Consolidated Edison, Inc. (ED) is scheduled to release its second-quarter 2024 results on Aug 1 after market close. The company delivered an earnings surprise of 13.76% in the last reported quarter. Consolidated Edison holds a four-quarter average earnings surprise of 5.88%. Let's discuss the factors that are likely to be reflected in the upcoming quarterly results. Factors at Play The majority of Consolidated Edison's service territories witnessed a warmer-than-normal temperature pattern during most of the ...

NEW YORK , July 18, 2024 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) declared a quarterly dividend of 83 cents a share on its common stock, payable September 16, 2024 to stockholders of record as of August 14, 2024. Consolidated Edison, Inc. is one of the nation's largest investor-owned energy-delivery companies, with approximately $15 billion in annual revenues and $67 billion in assets. The company provides a wide range of energy-related products and services to its customers through ...

Growth Projections Consolidated Edison has a positive surprise history. Its trailing four-quarter earnings surprise is 5.9%, on average. ED's current return on assets (ROA) is pinned at 2.9%, more than the industry average of 2.6%. ROA, a profitable measure, reflects how effectively a company is utilizing its assets in its operations to generate income. Consolidated Edison continues to follow a strategic investment plan for developing its infrastructure and aims to invest $28.05 billion during the 2024-2028 ...

SOURCE Consolidated Edison, Inc. Consolidated Edison, Inc. is one of the nation's largest investor-owned energy-delivery companies, with approximately $15 billion in annual revenues and $67 billion in assets. The company provides a wide range of energy-related products and services to its customers through the following subsidiaries: Consolidated Edison Company of New York, Inc., a regulated utility providing electric service in New York City and New York's Westchester County, gas service in Manhattan, the ...

CRANBURY, N.J., June 20, 2024 /PRNewswire/ -- Palatin Technologies, Inc. (NYSE American: PTN), a biopharmaceutical company developing first-in-class medicines based on molecules that modulate the activity of the melanocortin receptor system, announced the initiation of a Phase 2 clinical study of bremelanotide (BMT), a melanocortin 4 receptor (MC4R), co-administered with a phosphodiesterase 5 inhibitor (PDE5i), for the treatment of erectile dysfunction (ED) in patients that do not respond to PDE5i monothera ...

Here is How to Spot Oversold Stocks reverse soon for reaching the old equilibrium of supply and demand. We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator that measures the speed and change of price movements. RSI oscillates between zero and 100. Usually, a stock is considered oversold when its RSI reading falls below 30. Technically, every stock oscillates between being overbought and oversold irr ...

"Con Edison is poised for significant growth in the coming years as New York continues to lead the clean energy transition, and our financial strength is a critical pillar of our strategy," said Cawley. "Kirk brings deep experience to our company, and his thoughtful perspective and strong and stable leadership will be great assets to our team." Mr. Andrews has extensive finance experience, including 13 years serving in CFO roles at public utilities. He serves on the board of directors for RPM International ...

NEW YORK, May 15, 2024 /PRNewswire/ -- Consolidated Edison, Inc. ("Con Edison") (NYSE: ED) executives will meet with investors at various conferences during May and June 2024. A copy of Con Edison's investor presentation for these meetings can be found on the Presentations & Webcasts page of the Company's Investor Relations website. Consolidated Edison, Inc. is one of the nation's largest investor-owned energy-delivery companies, with approximately $15 billion in annual revenues and $67 billion in assets. T ...

NEW YORK, May 2, 2024 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) today reported 2024 first quarter net income for common stock of $720 million or $2.08 a share compared with $1,433 million or $4.06 a share in the 2023 first quarter. Adjusted earnings were $742 million or $2.15 a share in the 2024 period compared with $645 million or $1.83 a share in the 2023 period. Adjusted earnings and adjusted earnings per share in the 2024 period exclude the effects of hypothetical liquidation at ...

Exhibit 99.1 CON EDISON REPORTS 2024 FIRST QUARTER EARNINGS NEW YORK - Consolidated Edison, Inc. (Con Edison) (NYSE: ED) today reported 2024 first quarter net income for common stock of $720 million or $2.08 a share compared with $1,433 million or $4.06 a share in the 2023 first quarter. Adjusted earnings were $742 million or $2.15 a share in the 2024 period compared with $645 million or $1.83 a share in the 2023 period. Adjusted earnings and adjusted earnings per share in the 2024 period exclude the effect ...