Consolidated Edison, Inc. (ED)

Consolidated Edison Stock Forecast

Stock Price Forecast

The 13 analysts with 12-month price forecasts for Consolidated Edison stock have an average target of 97.73, with a low estimate of 85 and a high estimate of 116. The average target predicts an increase of 8.55% from the current stock price of 90.03.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$85	$97.73	$95	$116
Change	-5.59%	+8.55%	+5.52%	+28.85%

Analyst Ratings

The average analyst rating for ED stock from 14 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Jul '24	Aug '24	Sep '24	Oct '24	Nov '24	Dec '24
Strong Buy	1	1	1	1	1	1
Buy	0	0	0	0	0	0
Hold	8	9	9	10	10	11
Sell	4	4	4	4	4	2
Strong Sell	0	0	0	0	0	0
Total	13	14	14	15	15	14

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Andrew Weisel Scotiabank	Scotiabank	Sell → Hold Upgrades $90 → $100	Sell → Hold	Upgrades	$90 → $100	+11.07%	Dec 12, 2024
David Arcaro Morgan Stanley	Morgan Stanley	Sell Maintains $88 → $85	Sell	Maintains	$88 → $85	-5.59%	Nov 22, 2024
Nicholas Campanella Barclays	Barclays	Sell Maintains $104 → $99	Sell	Maintains	$104 → $99	+9.96%	Nov 8, 2024
Nicholas Campanella Barclays	Barclays	Sell Maintains $98 → $104	Sell	Maintains	$98 → $104	+15.52%	Oct 21, 2024
Ryan Levine Citigroup	Citigroup	Hold → Strong Buy Upgrades $103 → $116	Hold → Strong Buy	Upgrades	$103 → $116	+28.85%	Oct 15, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

15.72B

Increased by 7.23%

from 14.66B

Revenue Next Year

16.32B

Increased by 3.78%

from 15.72B

EPS This Year

5.51

Decreased by -23.62%

from 7.21

EPS Next Year

5.80

Increased by 5.24%

from 5.51

Fiscal Year	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	12.57B	12.25B	13.68B	15.67B	14.66B	15.72B	16.32B	16.91B
Revenue Growth	1.92%	-2.61%	11.68%	14.58%	-6.43%	7.23%	3.78%	3.65%
EPS	4.08	3.28	3.85	4.66	7.21	5.51	5.80	6.13
EPS Growth	-7.69%	-19.61%	17.38%	21.04%	54.72%	-23.62%	5.24%	5.70%
Forward PE	-	-	-	-	-	16.35	15.53	14.70
No. Analysts	-	-	-	-	-	24	24	21

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	16.6B	17.3B	18.0B
Avg	15.7B	16.3B	16.9B
Low	14.3B	14.6B	14.9B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	13.3%	10.0%	10.5%
Avg	7.2%	3.8%	3.6%
Low	-2.6%	-7.3%	-8.7%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	5.65	6.03	6.43
Avg	5.51	5.80	6.13
Low	5.20	5.48	5.75

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	-21.7%	9.4%	11.0%
Avg	-23.6%	5.2%	5.7%
Low	-27.8%	-0.6%	-0.7%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.