Con Edison Guides FY Adj EPS $6.00-$6.20, Setting Baseline for Year
ED is trading near its 52-week low of $94.96 (15% above the low).
Summary
Consolidated Edison issued full-year adjusted EPS guidance of $6.00 to $6.20, providing a concrete earnings baseline for the first time this year. The midpoint of $6.10 implies modest growth over last year's $5.98, consistent with the utility's steady rate-base expansion. This follows a Q1 that included a $134 million after-tax asset sale gain and a $776 million equity offering, which may have influenced the timing of the guidance. The range gives investors a clear yardstick for the remaining quarters, with no major surprises versus consensus. Watch for updates on the $2 billion at-the-market equity program, which could affect share count and per-share results through year-end.
At the time of this announcement, ED was trading at $108.95 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $40.2B. The 52-week trading range was $94.96 to $116.23. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.