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from the world of economics and financeConsolidated Edison (ED) reported $4.28 billion in revenue for the quarter ended March 2024, representing a year-over-year decline of 2.8%. EPS of $2.15 for the same period compares to $1.83 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $4.41 billion, representing a surprise of -2.89%. The company delivered an EPS surprise of +13.76%, with the consensus EPS estimate being $1.89.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Con Ed performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for Con Ed here>>>
Shares of Con Ed have returned +5.5% over the past month versus the Zacks S&P 500 composite's -4.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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