Consolidated Edison YTD Return Tops Utilities Sector with 13.3% Gain
Consolidated Edison has delivered a 13.3% year-to-date return, surpassing the Utilities sector’s 11.6% average and the Utility – Electric Power industry’s 12.2% gain. Its Zacks Rank improved to #2 (Buy) as analyst full-year earnings estimates climbed 1.5% over the past 90 days.
1. Year-to-Date Performance
Consolidated Edison has achieved a 13.3% return since the start of the calendar year, outpacing the Utilities sector’s average gain of 11.6%. This above-average performance underscores its relative strength within the broader utility group.
2. EPS Estimate Revisions
Over the past 90 days, full-year earnings forecasts for Consolidated Edison have risen by 1.5%, reflecting improved analyst sentiment and a more positive earnings outlook. The upward revision supports its current Zacks Rank of #2 (Buy).
3. Industry Positioning
Operating within the Utility – Electric Power industry, which ranks #85 and has advanced by 12.2% year-to-date, Consolidated Edison continues to lead industry peers. Its performance advantage highlights operational consistency and effective rate management.
4. Peer Comparison
FirstEnergy has recorded a 13.5% year-to-date return, slightly above Consolidated Edison, with a modest 0.6% increase in consensus EPS estimates. Both companies hold a Zacks Rank of #2, signaling buy recommendations from analysts.