Con Edison(US:ED) ZACKSยท2025-02-14 15:21Core Viewpoint - Analysts expect Consolidated Edison (ED) to report quarterly earnings of $0.97 per share, reflecting a year-over-year decline of 3%, while revenues are projected to be $3.58 billion, an increase of 3.9% from the previous year [1]. Earnings Estimates - Over the last 30 days, the consensus EPS estimate has been revised downward by 0.9%, indicating a collective reassessment by analysts [2]. - Revisions to earnings estimates are crucial indicators for predicting investor actions regarding the stock, with empirical research showing a strong correlation between earnings estimate trends and short-term stock price performance [3]. Revenue Projections - Analysts estimate 'Operating revenues- Steam' to reach $149.18 million, indicating a year-over-year change of +3.6% [4][6]. - The consensus for 'Operating revenues- O&R- Gas' is $97.23 million, reflecting an increase of +18.6% from the year-ago quarter [5]. - 'Operating revenues- CECONY- Electric' is projected at $2.42 billion, showing a year-over-year change of +2.6% [5]. - 'Operating revenues- CECONY- Gas' is expected to be $688.37 million, suggesting a slight decline of -0.1% year over year [5]. - 'Operating revenues- CECONY- Steam' is also projected at $149.18 million, with a +3.6% change from the prior year [6]. - 'Operating revenues- O&R- Electric' is expected to reach $195.06 million, indicating a +14.1% year-over-year change [6]. - 'Operating revenues- Gas' is projected at $785.59 million, reflecting a +1.8% change from the previous year [7]. - 'Operating revenues- Electric' is expected to be $2.61 billion, indicating a +3.4% change from the prior year [7]. Stock Performance - Shares of Con Ed have returned +3.7% over the past month, compared to the Zacks S&P 500 composite's +4.9% change, with a Zacks Rank 3 (Hold), suggesting that ED is expected to mirror overall market performance in the near future [8].