Consolidated Edison (ED) Tops Q3 EPS by 11c; Raises FY18 EPS Guidance

Consolidated Edison (NYSE: ED) reported Q3 EPS of $1.57, $0.11 better than the analyst estimate of $1.46.

“Investing in renewable energy, battery storage and other clean technologies continues to be the right move for our customers, our shareholders, and the environment,” said John McAvoy, chairman and CEO of Con Edison. “Our recent agreement to acquire Sempra's renewable electric production projects is expected to make us the second largest solar energy provider in North America. While this acquisition speaks to our vision and long-term growth, the delivery of safe and reliable energy through our regulated utilities remains our prime focus. Together, these strategies have contributed to both our strong financial performance and a sound energy future for our customers and shareholders.”

GUIDANCE:

Consolidated Edison sees FY2018 EPS of $4.25-$4.35, versus the consensus of $4.26.

For earnings history and earnings-related data on Consolidated Edison (ED) click here.

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