Equity Profile

ED

Consolidated Edison, Inc.

UtilitiesMulti-Utilities$40.1B

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 crucial indicator of profitability and will help gauge the company's financial health this quarter.

N/A

Revenue Growth

Revenue growth reflects the company's ability to increase sales and manage costs effectively, which is critical in the utilities industry.

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 vital role in energy distribution, which is essential for residential and commercial operations.

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, which was below the analyst estimate of $2.32, resulting in a 6.2% negative surprise. The stock reacted slightly negatively, dropping 0.45% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, expectations for this quarter are mixed, especially after the last quarter's earnings miss. Investors will be keen to see if the company can rebound and meet or exceed expectations.

Bull Case

If Consolidated Edison can deliver strong earnings and demonstrate effective cost management, it may reassure investors and lead to a positive stock reaction.

Bear Case

On the other hand, continued earnings misses or weak guidance could further undermine investor confidence, leading to a negative stock performance.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will EPS exceed $2.32 this quarter?

This number is crucial as it will indicate whether the company can recover from its last quarter's earnings miss.

What is the outlook for revenue growth in the next quarter?

Investors will be looking for guidance on revenue growth to assess the company's ability to expand its customer base and manage costs.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be overly pessimistic about Consolidated Edison’s ability to rebound from the last quarter's earnings miss, underestimating potential cost management improvements.

Supporting Evidence

The company has a history of beating EPS estimates, with a 75% success rate over the last eight quarters.

Options pricing suggests a significant move, indicating that traders expect volatility, which could lead to a surprise.

The recent customer growth trends may not be fully reflected in current expectations.

Key Risk

If EPS exceeds $2.32, it could significantly shift market sentiment and expectations for future growth.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is particularly sensitive to earnings performance after the recent miss, making this quarter's results critical.

Bull Confirmed If

Earnings exceeding $2.32 per share would confirm a strong recovery and positive momentum.

Bear Confirmed If

If EPS falls below $2.00, it would signal ongoing challenges and could lead to a sell-off.

Pre-Earnings Positioning

Options Market

Implied Move

±7.72%

Historical Avg

±0.9%

Pricing rich

The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings announcement.

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 Consolidated Edison beats expectations, history suggests the stock could rise around 0.65%, confirming a positive outlook.

In-Line / Cautious

If results are in line with expectations but cautious on guidance, the stock may remain flat or see a slight decline.

Miss

A miss could lead to a drop of about 0.31%, reflecting continued investor concerns about the company's performance.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on customer growth and retention rates.
2Insights into cost management strategies and operational efficiencies.
3Guidance on revenue expectations for the next quarter.
4Comments on regulatory impacts or changes in the energy market.
5Details on capital expenditures and investment in infrastructure.

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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 crucial indicator of profitability and will help gauge the company's financial health this quarter.

N/A

Revenue Growth

Revenue growth reflects the company's ability to increase sales and manage costs effectively, which is critical in the utilities industry.

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

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, expectations for this quarter are mixed, especially after the last quarter's earnings miss. Investors will be keen to see if the company can rebound and meet or exceed expectations.

Bull Case

If Consolidated Edison can deliver strong earnings and demonstrate effective cost management, it may reassure investors and lead to a positive stock reaction.

Bear Case

On the other hand, continued earnings misses or weak guidance could further undermine investor confidence, leading to a negative stock performance.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will EPS exceed $2.32 this quarter?

This number is crucial as it will indicate whether the company can recover from its last quarter's earnings miss.

What is the outlook for revenue growth in the next quarter?

Investors will be looking for guidance on revenue growth to assess the company's ability to expand its customer base and manage costs.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be overly pessimistic about Consolidated Edison’s ability to rebound from the last quarter's earnings miss, underestimating potential cost management improvements.

Supporting Evidence

The company has a history of beating EPS estimates, with a 75% success rate over the last eight quarters.

Options pricing suggests a significant move, indicating that traders expect volatility, which could lead to a surprise.

The recent customer growth trends may not be fully reflected in current expectations.

Key Risk

If EPS exceeds $2.32, it could significantly shift market sentiment and expectations for future growth.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is particularly sensitive to earnings performance after the recent miss, making this quarter's results critical.

Bull Confirmed If

Earnings exceeding $2.32 per share would confirm a strong recovery and positive momentum.

Bear Confirmed If

If EPS falls below $2.00, it would signal ongoing challenges and could lead to a sell-off.

Pre-Earnings Positioning

Options Market

Implied Move

±7.72%

Historical Avg

±0.9%

Pricing rich

The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings announcement.

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 Consolidated Edison beats expectations, history suggests the stock could rise around 0.65%, confirming a positive outlook.

In-Line / Cautious

If results are in line with expectations but cautious on guidance, the stock may remain flat or see a slight decline.

Miss

A miss could lead to a drop of about 0.31%, reflecting continued investor concerns about the company's performance.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on customer growth and retention rates.
2Insights into cost management strategies and operational efficiencies.
3Guidance on revenue expectations for the next quarter.
4Comments on regulatory impacts or changes in the energy market.
5Details on capital expenditures and investment in infrastructure.