Equity Profile

ED

Consolidated Edison, Inc.

UtilitiesMulti-Utilities$41.2B

Aug6Thu

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

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....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and financial health, which investors closely monitor.

N/A

Revenue Growth

Revenue growth reflects the company's ability to expand its customer base and increase sales, essential for long-term sustainability.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

ED Q2-2026 Earnings Preview

Context

Company Snapshot

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 significant role in energy distribution, which is crucial for everyday life and economic activity.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

75%

Avg EPS Surprise

+5.21%

Avg Stock Reaction

+0.41%

Last Quarter Recap

In Q1-2026, Consolidated Edison reported an EPS of $2.18, falling short of the expected $2.32, resulting in a negative surprise of 6.20%. The stock reacted slightly down by 0.45% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, expectations for the upcoming earnings report are mixed, given the recent earnings miss and the lack of analyst estimates. Investors will be looking for signs of recovery in profitability and revenue.

Bull Case

If the company can demonstrate strong customer growth and improved EPS, it could signal a turnaround, boosting investor confidence.

Bear Case

Conversely, continued earnings misses or weak revenue growth could lead to further declines in stock price, as investors may lose faith in the company's ability to perform.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q2-2026?

EPS is a critical measure of profitability, and any significant deviation from expectations could impact investor sentiment.

How many new customers did the company acquire this quarter?

Customer growth is essential for revenue expansion, and a strong increase could indicate a positive trend for the company.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for customer growth in urban areas, which could drive revenue higher than expected this quarter.

Supporting Evidence

Recent trends in urban energy consumption suggest a rebound in demand, which could positively impact revenues.

Options pricing indicates a significant move, suggesting that traders expect more volatility than the current consensus reflects.

Key Risk

If customer growth exceeds expectations, it could significantly alter the market's perception of the company's future prospects.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether Consolidated Edison can recover from its recent earnings miss and show signs of growth.

Bull Confirmed If

An EPS of $2.50 or higher would confirm the bull case, indicating strong profitability.

Bear Confirmed If

An EPS below $2.00 would confirm the bear case, suggesting ongoing challenges.

Pre-Earnings Positioning

Options Market

Implied Move

±7.72%

Historical Avg

±0.9%

Pricing rich

The options market is pricing in a significant move of about 7.72%, suggesting that traders expect volatility around the earnings report.

Options are pricing ±7.7% while ED has averaged ±0.9% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.2%

30d HV

17.7%

Calls (4K)P/C Ratio: 0.72Puts (3K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If the company beats expectations, history suggests a potential stock increase of around +0.65%, confirming a positive outlook.

In-Line / Cautious

If results are in line with expectations, the stock may react cautiously, reflecting uncertainty in future guidance.

Miss

A miss could lead to a decline of about -0.31%, as investors may react negatively to continued underperformance.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on customer acquisition strategies and their effectiveness.
2Details on operational efficiencies that may improve margins.
3Insights into regulatory changes that could impact the business.
4Management's outlook on energy demand trends in the coming quarters.
5Any commentary on cost management and its effect on profitability.

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Company Snapshot

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....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and financial health, which investors closely monitor.

N/A

Revenue Growth

Revenue growth reflects the company's ability to expand its customer base and increase sales, essential for long-term sustainability.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

ED Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

75%

Avg EPS Surprise

+5.21%

Avg Stock Reaction

+0.41%

Last Quarter Recap

In Q1-2026, Consolidated Edison reported an EPS of $2.18, falling short of the expected $2.32, resulting in a negative surprise of 6.20%. The stock reacted slightly down by 0.45% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

If the company can demonstrate strong customer growth and improved EPS, it could signal a turnaround, boosting investor confidence.

Bear Case

Conversely, continued earnings misses or weak revenue growth could lead to further declines in stock price, as investors may lose faith in the company's ability to perform.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q2-2026?

EPS is a critical measure of profitability, and any significant deviation from expectations could impact investor sentiment.

How many new customers did the company acquire this quarter?

Customer growth is essential for revenue expansion, and a strong increase could indicate a positive trend for the company.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for customer growth in urban areas, which could drive revenue higher than expected this quarter.

Supporting Evidence

Recent trends in urban energy consumption suggest a rebound in demand, which could positively impact revenues.

Options pricing indicates a significant move, suggesting that traders expect more volatility than the current consensus reflects.

Key Risk

If customer growth exceeds expectations, it could significantly alter the market's perception of the company's future prospects.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether Consolidated Edison can recover from its recent earnings miss and show signs of growth.

Bull Confirmed If

An EPS of $2.50 or higher would confirm the bull case, indicating strong profitability.

Bear Confirmed If

An EPS below $2.00 would confirm the bear case, suggesting ongoing challenges.

Pre-Earnings Positioning

Options Market

Implied Move

±7.72%

Historical Avg

±0.9%

Pricing rich

The options market is pricing in a significant move of about 7.72%, suggesting that traders expect volatility around the earnings report.

Options are pricing ±7.7% while ED has averaged ±0.9% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.2%

30d HV

17.7%

Calls (4K)P/C Ratio: 0.72Puts (3K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If the company beats expectations, history suggests a potential stock increase of around +0.65%, confirming a positive outlook.

In-Line / Cautious

If results are in line with expectations, the stock may react cautiously, reflecting uncertainty in future guidance.

Miss

A miss could lead to a decline of about -0.31%, as investors may react negatively to continued underperformance.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on customer acquisition strategies and their effectiveness.
2Details on operational efficiencies that may improve margins.
3Insights into regulatory changes that could impact the business.
4Management's outlook on energy demand trends in the coming quarters.
5Any commentary on cost management and its effect on profitability.