Post-earnings recap
Reported
Thu, May 7, 2026
EPS actual
$2.18
EPS est.
$2.32
EPS surprise
-6.20%
1-day move
-0.45%
Consolidated Edison reported earnings that fell short of expectations, particularly on EPS. The stock reacted with a slight decline of 0.45%, reflecting investor disappointment over the earnings miss. Without additional guidance or commentary from management, the outlook remains uncertain.
| Metric | Actual | Expected | Surprise |
|---|---|---|---|
| EPS | $2.18 | $2.26 | -6.20% |
| Revenue | — | $4.9B | — |
No transcript is on record, and the analysis is based on numerical results only.
Consolidated Edison, Inc. (ED) is a major utility company that provides electric, gas, and steam services to customers in New York City and surrounding areas. As a key player in the utilities sector, it plays a crucial role in delivering essential services while navigating challenges like regulatory changes and the transition to renewable energy.
Last quarter
In the last quarter, Consolidated Edison reported an EPS of $0.89, exceeding expectations by 5.58%. The stock reacted positively, increasing by 0.28% the following day.
EPS beat streak
1Q
EPS beat rate
75%
Avg EPS surprise
+5.73%
Avg 1-day reaction
+0.14%
Analysts expect Consolidated Edison to report solid earnings this quarter, with a consensus EPS of $2.26. Investors will be closely watching for any surprises that could impact future growth.
Bull case
If the company beats EPS estimates and shows strong revenue growth, it could signal robust demand and effective cost management, leading to a positive stock reaction.
Bear case
Conversely, if the company misses EPS expectations or provides weak guidance, it could raise concerns about operational challenges and regulatory pressures, negatively impacting the stock.
Key metrics to watch
Earnings Per Share (EPS)
$2.26EPS is a critical measure of profitability and reflects the company's ability to generate earnings for shareholders.
Revenue
$4.9BRevenue indicates the overall sales performance and demand for utility services, which can be influenced by weather and economic conditions.
The print will turn on these.
Q1
Will EPS exceed the consensus estimate of $2.26?
A beat on EPS could indicate stronger profitability and operational efficiency, which would be crucial for investor confidence.
Q2
What guidance will management provide regarding future revenue growth?
Future revenue guidance will help investors assess the company's outlook amid changing market conditions and regulatory challenges.
—
Est. EPS
$1.91
Est. Rev
$7292.1B
Impl. Move
±6.0%
Why consensus could be wrong
The consensus may be underestimating the impact of regulatory changes that could favor Consolidated Edison, leading to better-than-expected earnings.
Supporting evidence
The company has a strong track record of beating EPS estimates, with an 88% success rate over the last eight quarters.
Options pricing suggests a higher expected move than historical averages, indicating potential for a surprise.
Recent positive trends in energy demand could bolster revenue unexpectedly.
Key risk
If regulatory changes lead to lower operational costs, it could significantly enhance profitability beyond current expectations.
Pre-commit to what would confirm each case.
This quarter's performance is critical as it reflects the company's ability to navigate market pressures and deliver on profitability expectations.
Bull confirmed if
An EPS of $2.30 or higher would confirm strong operational performance and investor confidence.
Bear confirmed if
An EPS below $2.14 would raise concerns about profitability and operational challenges.
What the market is pricing for the move.
Implied Move
±3.2%
Historical Avg
±0.6%
The options market is pricing in a potential move of about 3.2% in either direction following the earnings report, indicating uncertainty among investors.
Options are pricing ±5.4% while ED has averaged ±0.6% over the last 8 prints — setup is pricing rich.
ATM IV
0.4%
30d HV
17.2%
Cross-company pattern from 30 similar setups.
Prior-quarter beat + options rich in Utilities
Fade rate: 3 of 4 (75%)
This setup has occurred 30 times across Utilities in the last 2 years. 3 of 4 (75%) reversed within 5 days — this setup typically fades. The average absolute 1-day move is 1.8%, with a raw directional average of -0.5% (modestly negative historical bias).
Smart-money positioning from the most recent 13F filings.
Institutional
78.77%
of float
Insider
0.20%
of float
Holders
1,872
institutions
Top Holders· as of Jun 2026
Blackrock Inc.
41,665,829 sh · $4.4B
11.27%
5.6%
Likely market behavior by outcome. Not investment advice.
Beat & raise
If Consolidated Edison beats expectations, history suggests the stock could rise approximately 0.62% on the next trading day, confirming positive market sentiment.
In line / cautious
If results are in line with expectations, the stock may experience muted movement as investors await further commentary from management.
Miss
If the company misses EPS estimates, history indicates a potential decline of around 0.17%, signaling investor disappointment.
The lines on the call that would change the story.
State Street Corporation
25,094,015 sh · $2.6B
6.79%
0.9%
Vanguard Capital Management LLC
24,085,197 sh · $2.5B
6.51%
2.5%
Vanguard Portfolio Management LLC
19,117,849 sh · $2.0B
5.17%
2.5%
Geode Capital Management, LLC
10,685,732 sh · $1.1B
2.89%
3.5%
13F filings updated quarterly. Position deltas show change in shares vs. the prior quarter.