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 in the New York City area....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a critical measure of profitability and will indicate how well the company is managing its costs and revenues.

N/A

Revenue Growth

Revenue growth will provide insights into demand for utility services and the company's ability to expand its customer base.

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 in the New York City area. As a key player in the utilities sector, it plays a vital role in ensuring reliable energy supply, which is crucial for both residential and commercial customers.

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 6.20% negative surprise. Following this report, the stock saw a slight decline of 0.45% the next day.

Management Promises & Guidance

Management committed to improving operational efficiency.
They emphasized ongoing investments in infrastructure.
They mentioned plans to enhance customer service and engagement.

Expectations

Wall Street Expectations

Overall, expectations for the upcoming earnings report are cautious due to the recent EPS miss. Investors will be closely watching for signs of recovery in profitability and revenue growth.

Bull Case

If the company can demonstrate strong customer growth and improved efficiency, it may restore investor confidence and lead to a positive stock reaction.

Bear Case

Conversely, if the company fails to meet expectations again, particularly in key metrics like EPS and revenue, 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, and how does it compare to previous quarters?

The EPS figure will be a key indicator of profitability and will significantly influence investor sentiment.

How many new customers did the company acquire this quarter?

Customer growth is essential for future revenue and can indicate the company's market position and service effectiveness.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for customer growth due to recent infrastructure investments that have improved service reliability.

Supporting Evidence

The company has a strong track record of recovering from misses, with a 75% EPS beat rate historically.

Options are pricing in a larger move than what has been typical, indicating heightened expectations.

Recent investments in technology could lead to better operational efficiency and customer satisfaction.

Key Risk

If customer growth exceeds expectations significantly, it could shift the narrative and lead to a positive stock reaction.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether the company can rebound from recent misses and show growth in a competitive utility landscape.

Bull Confirmed If

An EPS of $2.40 or higher would confirm the bull case, indicating strong recovery and operational efficiency.

Bear Confirmed If

An EPS below $2.10 would confirm the bear case, suggesting ongoing challenges in profitability.

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 by around 0.65%, confirming a positive outlook.

In-Line / Cautious

If results are in line but management's commentary is cautious, the stock may experience little movement as investors weigh future prospects.

Miss

If the company misses expectations again, history suggests a potential decline of around 0.31%, reflecting ongoing investor concerns.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Details on customer acquisition numbers and growth strategies.
2Updates on infrastructure investments and their impact on service quality.
3Any commentary on regulatory changes that could affect operations.
4Insights into cost management and operational efficiency improvements.
5Management's outlook on future revenue growth and market conditions.

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Company Snapshot

Consolidated Edison, Inc. (ED) is a major utility company that provides electric, gas, and steam services in the New York City area....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a critical measure of profitability and will indicate how well the company is managing its costs and revenues.

N/A

Revenue Growth

Revenue growth will provide insights into demand for utility services and the company's ability to expand its customer base.

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

Management committed to improving operational efficiency.
They emphasized ongoing investments in infrastructure.
They mentioned plans to enhance customer service and engagement.

Expectations

Wall Street Expectations

Overall, expectations for the upcoming earnings report are cautious due to the recent EPS miss. Investors will be closely watching for signs of recovery in profitability and revenue growth.

Bull Case

If the company can demonstrate strong customer growth and improved efficiency, it may restore investor confidence and lead to a positive stock reaction.

Bear Case

Conversely, if the company fails to meet expectations again, particularly in key metrics like EPS and revenue, 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, and how does it compare to previous quarters?

The EPS figure will be a key indicator of profitability and will significantly influence investor sentiment.

How many new customers did the company acquire this quarter?

Customer growth is essential for future revenue and can indicate the company's market position and service effectiveness.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for customer growth due to recent infrastructure investments that have improved service reliability.

Supporting Evidence

The company has a strong track record of recovering from misses, with a 75% EPS beat rate historically.

Options are pricing in a larger move than what has been typical, indicating heightened expectations.

Recent investments in technology could lead to better operational efficiency and customer satisfaction.

Key Risk

If customer growth exceeds expectations significantly, it could shift the narrative and lead to a positive stock reaction.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether the company can rebound from recent misses and show growth in a competitive utility landscape.

Bull Confirmed If

An EPS of $2.40 or higher would confirm the bull case, indicating strong recovery and operational efficiency.

Bear Confirmed If

An EPS below $2.10 would confirm the bear case, suggesting ongoing challenges in profitability.

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 by around 0.65%, confirming a positive outlook.

In-Line / Cautious

If results are in line but management's commentary is cautious, the stock may experience little movement as investors weigh future prospects.

Miss

If the company misses expectations again, history suggests a potential decline of around 0.31%, reflecting ongoing investor concerns.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Details on customer acquisition numbers and growth strategies.
2Updates on infrastructure investments and their impact on service quality.
3Any commentary on regulatory changes that could affect operations.
4Insights into cost management and operational efficiency improvements.
5Management's outlook on future revenue growth and market conditions.