Equity Profile

ED

Consolidated Edison, Inc.

UtilitiesMulti-Utilities$39.2B

Aug6Thu

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

Consolidated Edison, Inc. (ED) is a major utility company that provides electricity, gas, and steam services to customers in New York City and surrounding areas....

Key Metrics to Watch

Earnings Per Share (EPS)

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

N/A

Revenue Growth

Revenue growth indicates how well the company is expanding its services and customer base, which is vital for long-term success.

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 electricity, 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 energy distribution and is affected by regulatory changes and shifts in energy demand.

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 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, especially following the recent EPS miss. Investors will be looking for signs of recovery in profitability and revenue growth.

Bull Case

If the company can report a strong EPS and show signs of revenue growth, it could restore investor confidence and lead to a positive stock reaction.

Bear Case

Conversely, if the company continues to miss EPS expectations and fails to show growth, it could lead to further declines in stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q2-2026?

Given the recent EPS miss, the market will closely scrutinize this number to gauge the company's recovery and profitability.

How is customer growth trending?

Customer growth is essential for revenue expansion, and any signs of improvement could positively influence investor sentiment.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for recovery in customer growth and operational efficiency, which could lead to better-than-expected results.

Supporting Evidence

The company's historical EPS beat rate is 75%, indicating a strong likelihood of outperforming expectations.

Options are pricing a larger move than historical averages, suggesting that traders may be overly cautious.

Recent trends in energy demand may not be fully reflected in current estimates, providing room for upside surprises.

Key Risk

If customer growth shows a significant increase, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is critical as it follows a disappointing EPS report, and investors are looking for signs of a turnaround.

Bull Confirmed If

A reported EPS of $2.50 or higher would confirm the bull case.

Bear Confirmed If

An EPS of $2.00 or lower would confirm the bear case.

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%, indicating 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 the company beats expectations, history suggests a potential stock increase of around 0.65%, which would confirm a positive outlook.

In-Line / Cautious

If results are in line with expectations, the stock may react cautiously, reflecting uncertainty in management's commentary.

Miss

If the company misses expectations again, the average historical move suggests a decline of about 0.31%, which could further dampen investor sentiment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on customer acquisition strategies and their effectiveness.
2Details on operational efficiencies that could impact margins.
3Insights into regulatory changes affecting the utilities sector.
4Management's outlook on energy demand trends for the upcoming quarters.
5Any commentary on capital expenditures and infrastructure investments.

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Company Snapshot

Consolidated Edison, Inc. (ED) is a major utility company that provides electricity, gas, and steam services to customers in New York City and surrounding areas....

Key Metrics to Watch

Earnings Per Share (EPS)

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

N/A

Revenue Growth

Revenue growth indicates how well the company is expanding its services and customer base, which is vital for long-term success.

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, which was below 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, especially following the recent EPS miss. Investors will be looking for signs of recovery in profitability and revenue growth.

Bull Case

If the company can report a strong EPS and show signs of revenue growth, it could restore investor confidence and lead to a positive stock reaction.

Bear Case

Conversely, if the company continues to miss EPS expectations and fails to show growth, it could lead to further declines in stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q2-2026?

Given the recent EPS miss, the market will closely scrutinize this number to gauge the company's recovery and profitability.

How is customer growth trending?

Customer growth is essential for revenue expansion, and any signs of improvement could positively influence investor sentiment.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for recovery in customer growth and operational efficiency, which could lead to better-than-expected results.

Supporting Evidence

The company's historical EPS beat rate is 75%, indicating a strong likelihood of outperforming expectations.

Options are pricing a larger move than historical averages, suggesting that traders may be overly cautious.

Recent trends in energy demand may not be fully reflected in current estimates, providing room for upside surprises.

Key Risk

If customer growth shows a significant increase, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is critical as it follows a disappointing EPS report, and investors are looking for signs of a turnaround.

Bull Confirmed If

A reported EPS of $2.50 or higher would confirm the bull case.

Bear Confirmed If

An EPS of $2.00 or lower would confirm the bear case.

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%, indicating 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 the company beats expectations, history suggests a potential stock increase of around 0.65%, which would confirm a positive outlook.

In-Line / Cautious

If results are in line with expectations, the stock may react cautiously, reflecting uncertainty in management's commentary.

Miss

If the company misses expectations again, the average historical move suggests a decline of about 0.31%, which could further dampen investor sentiment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on customer acquisition strategies and their effectiveness.
2Details on operational efficiencies that could impact margins.
3Insights into regulatory changes affecting the utilities sector.
4Management's outlook on energy demand trends for the upcoming quarters.
5Any commentary on capital expenditures and infrastructure investments.