Consolidated Edison (ED) Tops Q1 EPS by 2c' Affirms FY19 EPS Mid-Point Guidance Above Consensus

Consolidated Edison (NYSE: ED) reported Q1 EPS of $1.39, $0.02 better than the analyst estimate of $1.37. Revenue for the quarter came in at $0 versus the consensus estimate of $3.47 billion.

“We performed well in the first quarter this year, meeting our operational and financial expectations,” said John McAvoy, chairman and CEO of Con Edison. “As energy policies continue to evolve, we remain focused on delivering reliable energy for all of our customers, and continue to invest in renewables and new technologies that will play a greater role in the years to come. Our smart meter installations are on schedule, and our innovative Smart Solutions program providing alternative heating and cooking solutions is also underway.”

GUIDANCE:

Consolidated Edison sees FY2019 EPS of $4.25-$4.45, versus the consensus of $4.34.

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

You May Also Be Interested In

• DocGo (DCGO) Misses Q2 EPS by 6c; Offers Guidance
• Wendy's U.S. president to resign, company to create COO role
• Tesla to launch Cybercab in Austin this month - report