Core Insights - Wall Street analysts expect Consolidated Edison (ED) to report quarterly earnings of $0.66 per share, reflecting an 11.9% year-over-year increase, with revenues projected at $3.61 billion, up 12.2% from the previous year [1] Earnings Estimates - The consensus EPS estimate has been revised 3.7% lower in the last 30 days, indicating a reevaluation of initial estimates by analysts [1][2] - Analysts predict 'Operating revenues- CECONY' at $3.17 billion, showing a year-over-year increase of 5.9% [4] - 'Operating revenues- O&R' is expected to be $213.26 million, reflecting a decline of 4.8% year-over-year [4] - 'Operating revenues- O&R- Gas' is projected at $50.71 million, indicating a 15.3% increase year-over-year [4] Revenue Breakdown - 'Operating revenues- CECONY- Electric' is estimated at $2.51 billion, a 5.8% increase from the prior year [5] - 'Operating revenues- CECONY- Gas' is expected to reach $553.34 million, suggesting a 2.9% year-over-year change [5] - 'Operating revenues- CECONY- Steam' is projected at $97.89 million, indicating an 11.2% increase year-over-year [5] - 'Operating revenues- O&R- Electric' is estimated at $151.68 million, reflecting a 15.7% decline year-over-year [6] - 'Operating revenues- Gas' is expected to be $604.05 million, indicating a 12.3% increase from the previous year [6] - 'Operating revenues- Electric' is forecasted to reach $2.64 billion, reflecting an 11.3% increase year-over-year [6] Operating Income - 'Operating Income- CECONY' is expected to be $480.86 million, compared to $314.00 million in the same quarter last year [7] - 'Operating Income- O&R' is projected at $12.73 million, up from $9.00 million reported in the same quarter of the previous year [7] Stock Performance - Shares of Con Ed have increased by 4.1% over the past month, outperforming the Zacks S&P 500 composite, which moved up by 0.6% [8]
Gear Up for Con Ed (ED) Q2 Earnings: Wall Street Estimates for Key Metrics