Consolidated Edison Inc (ED - Free Report) is set to report fourth-quarter and full-year 2018 results on Feb 21, before market opens.
In the last reported quarter, the company witnessed a positive earnings surprise of 5.41%. The bottom line outpaced the Zacks Consensus Estimate in all the trailing four quarters, the average beat being 4.50%.
Let’s see how things are shaping up prior to this announcement.
Why a Likely Positive Earnings Surprise
Our proven model shows a likely earnings beat for Consolidated Edison this quarter. That is because 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. This is the case here as you will see below.
Earnings ESP: Consolidated Edison has an Earnings ESP of +0.44%. 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 #2, which when combined with a positive ESP makes us confident of probable
earnings beat. You can see the complete list of today’s Zacks #1 Rank stocks here.
Note that 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.
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 Inc (ED - Free Report) is set to report fourth-quarter and full-year 2018 results on Feb 21, before market opens.
In the last reported quarter, the company witnessed a positive earnings surprise of 5.41%. The bottom line outpaced the Zacks Consensus Estimate in all the trailing four quarters, the average beat being 4.50%.
Let’s see how things are shaping up prior to this announcement.
Why a Likely Positive Earnings Surprise
Our proven model shows a likely earnings beat for Consolidated Edison this quarter. That is because 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. This is the case here as you will see below.
Earnings ESP: Consolidated Edison has an Earnings ESP of +0.44%. 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 #2, which when combined with a positive ESP makes us confident of probable
earnings beat. You can see the complete list of today’s Zacks #1 Rank stocks here.
Note that 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.
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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