Consolidated Edison (ED) Tops Q3 Earnings and Revenue Estimates

Group 1: Earnings Performance - Consolidated Edison (Con Ed) reported quarterly earnings of $1.9 per share, exceeding the Zacks Consensus Estimate of $1.76 per share, and up from $1.68 per share a year ago, representing an earnings surprise of +7.95% [1] - The company posted revenues of $4.53 billion for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 8.82%, compared to $4.09 billion in the same quarter last year [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 7.7% since the beginning of the year, while the S&P 500 has gained 15.6% [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 $0.92 on revenues of $3.74 billion, and for the current fiscal year, it is $5.62 on revenues of $16.29 billion [7] Group 3: Industry Context - The Utility - Electric Power industry, to which Con Ed belongs, is currently ranked in the top 23% 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 impact Con Ed's stock performance [5][6]