Consolidated Edison (ED) Releases Earnings Results, Misses Expectations By $-0.09 EPS

Consolidated Edison (ED) reported quarterly earnings results on Thursday, Aug-4-2016. The company reported $0.60 earnings per share for the quarter, missing the analyst consensus estimate by $-0.09. Analysts had a consensus of $0.69. Analysts expectations of $2804.65 million. During the same quarter in the previous year, the company posted $0.78 EPS.

Many Wall Street Analysts have commented on Consolidated Edison. Company shares were Reiterated by Mizuho on May 12, 2016 to “Neutral”, Firm has raised the Price Target to $ 72 from a previous price target of $66 .

Consolidated Edison closed down -0.34 points or -0.42% at $80.12 with 11,21,573 shares getting traded on Tusday. Post opening the session at $80.19, the shares hit an intraday low of $79.64 and an intraday high of $80.41 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on Jul 15, 2016, John Mcavoy (Chairman, President & CEO) purchased 26 shares at $79.30 per share price. According to the SEC, on Jul 6, 2016, Saumil P Shukla (SVP, Utility Shared Services) purchased 45 shares at $76.85 per share price. On Jul 6, 2016, Frances Resheske (SVP, Corporate Affairs) purchased 1 shares at $80.05 per share price, according to the Form-4 filing with the securities and exchange commission.

Consolidated Edison Inc. (Con Edison) is a holding company. The Company operates through its subsidiaries which include Consolidated Edison Company of New York Inc. (CECONY) Orange and Rockland Utilities Inc. (O&R) and the Competitive Energy Businesses. CECONY delivers electricity natural gas and steam to customers in New York City and Westchester County. Orange and Rockland Utilities Inc. (O&R) delivers electricity and natural gas to customers located in south-eastern New York northern New Jersey and north-eastern Pennsylvania. O&R’s utility subsidiaries include Rockland Electric Company and Pike County Light & Power Company. Competitive energy businesses provide retail and wholesale electricity supply and energy services. The Competitive Energy Businesses include three subsidiaries: Consolidated Edison Solutions Inc. (Con Edison Solutions); Consolidated Edison Energy Inc. (Con Edison Energy) and Consolidated Edison Development Inc. (Con Edison Development).

Consolidated Edison

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