Consolidated Edison (ED) Q1 Earnings Lag Estimates

Group 1: Earnings Performance - Consolidated Edison reported quarterly earnings of $2.25 per share, missing the Zacks Consensus Estimate of $2.30 per share, but showing an increase from $2.15 per share a year ago, representing an earnings surprise of -2.17% [1] - The company posted revenues of $4.8 billion for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 8.98%, compared to year-ago revenues of $4.28 billion [2] - Over the last four quarters, the company has surpassed consensus EPS estimates three times and topped consensus revenue estimates four times [2] Group 2: Stock Performance and Outlook - Con Ed shares have increased approximately 26.4% since the beginning of the year, contrasting with the S&P 500's decline of -5.3% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the coming quarter is $0.52 on $3.37 billion in revenues, and $5.62 on $15.94 billion in revenues for the current fiscal year [7] Group 3: Industry Context - The Utility - Electric Power industry, to which Con Ed belongs, is currently in the top 14% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5] - The Zacks Rank for Con Ed is currently 3 (Hold), suggesting that the shares are expected to perform in line with the market in the near future [6]