Consolidated Edison (ED) Q2 Earnings and Revenues Beat Estimates

Group 1: Earnings Performance - Consolidated Edison (Con Ed) reported quarterly earnings of $0.67 per share, exceeding the Zacks Consensus Estimate of $0.66 per share, and up from $0.59 per share a year ago, representing an earnings surprise of +1.52% [1] - The company posted revenues of $3.6 billion for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 6.17%, compared to year-ago revenues of $3.22 billion [2] - Over the last four quarters, Con Ed 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 16.7% since the beginning of the year, outperforming the S&P 500's gain of 7.9% [3] - The company's earnings outlook, including current consensus earnings expectations for upcoming quarters, will be crucial for investors [4] - The current consensus EPS estimate for the coming quarter is $1.83 on $4 billion in revenues, and for the current fiscal year, it is $5.63 on $16.14 billion in revenues [7] Group 3: Industry Context - The Utility - Electric Power industry, to which Con Ed belongs, is currently in the top 36% of over 250 Zacks industries, indicating a favorable industry outlook [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Con Ed's stock performance [5] - The current Zacks Rank for Con Ed is 3 (Hold), suggesting that the shares are expected to perform in line with the market in the near future [6]