Consolidated Edison (ED - Free Report) will release third-quarter 2018 results on Nov 1, before the opening bell.
In the last reported quarter, the company delivered a positive earnings surprise of 7.02%. Moreover, Consolidated Edison has surpassed the Zacks Consensus Estimate in three of the trailing four quarters, with an average beat of 2.01%.
Let’s see how things are shaping up prior to this announcement.
Why a Likely Positive Surprise?
Our proven model shows that Consolidated Edison is likely to beat earnings estimates in the third 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. And Consolidated Edison has both these attributes.
Earnings ESP: Consolidated Edison has an Earnings ESP of +1.04%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Consolidated Edison carries a Zacks Rank #3, which along with a positive Earnings ESP, increases the possibility of an earnings beat.
Conversely, we caution against Sell-rated stocks (#4 or 5) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
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 >>
Consolidated Edison (ED - Free Report) will release third-quarter 2018 results on Nov 1, before the opening bell.
In the last reported quarter, the company delivered a positive earnings surprise of 7.02%. Moreover, Consolidated Edison has surpassed the Zacks Consensus Estimate in three of the trailing four quarters, with an average beat of 2.01%.
Let’s see how things are shaping up prior to this announcement.
Why a Likely Positive Surprise?
Our proven model shows that Consolidated Edison is likely to beat earnings estimates in the third 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. And Consolidated Edison has both these attributes.
Earnings ESP: Consolidated Edison has an Earnings ESP of +1.04%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Consolidated Edison carries a Zacks Rank #3, which along with a positive Earnings ESP, increases the possibility of an earnings beat.
Conversely, we caution against Sell-rated stocks (#4 or 5) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
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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