We expect Consolidated Edison, Inc. (ED - Free Report) to beat earnings expectation when it reports fourth-quarter 2017 results on Feb 15, after the closing bell.
The company surpassed the Zacks Consensus Estimate in two of the past four quarters, with an average beat of 0.06%.
Why a Likely Positive Surprise
Our proven model shows that Consolidated Edison is likely to beat earnings this quarter. Notably, a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. Consolidated Edison possesses both these attributes, as mentioned below:
Zacks ESP: Consolidated Edison has an Earnings ESP of +0.64%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Consolidated Edison currently carries a Zacks Rank #3, which along with a positive earnings ESP increases the chance of surprise prediction.
Meanwhile, we caution against stocks with a Zacks Rank #4 or 5 (Sell rated) going into the earnings announcement, especially when the company is seeing negative estimate revisions
Factors at Play
Of late Consolidated Edison has been incorporating renewable energy in its grid at an increasing rate. As a result, its third-quarter results reflected higher revenues from renewable electric production projects. We expect the company’s fourth-quarter results to reflect the same.
Consolidated Edison’s regulated based utilities provide it with a stable earnings base. The Zacks Consensus Estimate for the company’s fourth-quarter earnings of 78 cents per share reflects an improvement of 13% year over year.
Moreover, the company's service territories witnessed colder-than-normal temperatures during the quarter. This is likely to result in higher household expenditure on heating and, in turn, will most likely boost the revenues for this energy provider.
Consolidated Edison Inc Price and EPS Surprise
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
We expect Consolidated Edison, Inc. (ED - Free Report) to beat earnings expectation when it reports fourth-quarter 2017 results on Feb 15, after the closing bell.
The company surpassed the Zacks Consensus Estimate in two of the past four quarters, with an average beat of 0.06%.
Why a Likely Positive Surprise
Our proven model shows that Consolidated Edison is likely to beat earnings this quarter. Notably, a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. Consolidated Edison possesses both these attributes, as mentioned below:
Zacks ESP: Consolidated Edison has an Earnings ESP of +0.64%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Consolidated Edison currently carries a Zacks Rank #3, which along with a positive earnings ESP increases the chance of surprise prediction.
Meanwhile, we caution against stocks with a Zacks Rank #4 or 5 (Sell rated) going into the earnings announcement, especially when the company is seeing negative estimate revisions
Factors at Play
Of late Consolidated Edison has been incorporating renewable energy in its grid at an increasing rate. As a result, its third-quarter results reflected higher revenues from renewable electric production projects. We expect the company’s fourth-quarter results to reflect the same.
Consolidated Edison’s regulated based utilities provide it with a stable earnings base. The Zacks Consensus Estimate for the company’s fourth-quarter earnings of 78 cents per share reflects an improvement of 13% year over year.
Moreover, the company's service territories witnessed colder-than-normal temperatures during the quarter. This is likely to result in higher household expenditure on heating and, in turn, will most likely boost the revenues for this energy provider.
Consolidated Edison Inc Price and EPS Surprise
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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