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Countdown to Con Ed (ED) Q1 Earnings: A Look at Estimates Beyond Revenue and EPS
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In its upcoming report, Consolidated Edison (ED - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $2.30 per share, reflecting an increase of 7% compared to the same period last year. Revenues are forecasted to be $4.4 billion, representing a year-over-year increase of 2.9%.
The consensus EPS estimate for the quarter has undergone an upward revision of 2.5% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
In light of this perspective, let's dive into the average estimates of certain Con Ed metrics that are commonly tracked and forecasted by Wall Street analysts.
It is projected by analysts that the 'Operating revenues- O&R- Gas' will reach $102.18 million. The estimate suggests a change of -9.6% year over year.
The average prediction of analysts places 'Operating revenues- CECONY- Electric' at $2.50 billion. The estimate suggests a change of +2.6% year over year.
The collective assessment of analysts points to an estimated 'Operating revenues- CECONY- Gas' of $1.26 billion. The estimate indicates a year-over-year change of +1.7%.
Analysts forecast 'Operating revenues- CECONY- Steam' to reach $301.58 million. The estimate points to a change of +5.1% from the year-ago quarter.
Analysts' assessment points toward 'Operating revenues- O&R- Electric' reaching $210.49 million. The estimate indicates a change of +7.9% from the prior-year quarter.
The combined assessment of analysts suggests that 'Operating revenues- Gas' will likely reach $1.37 billion. The estimate points to a change of +0.8% from the year-ago quarter.
The consensus estimate for 'Operating revenues- Electric' stands at $2.71 billion. The estimate indicates a change of +3% from the prior-year quarter.
Analysts predict that the 'Operating revenues- Steam' will reach $301.58 million. The estimate indicates a change of +5.1% from the prior-year quarter.
Shares of Con Ed have demonstrated returns of +1.5% over the past month compared to the Zacks S&P 500 composite's -4.3% change. With a Zacks Rank #3 (Hold), ED is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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Countdown to Con Ed (ED) Q1 Earnings: A Look at Estimates Beyond Revenue and EPS
In its upcoming report, Consolidated Edison (ED - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $2.30 per share, reflecting an increase of 7% compared to the same period last year. Revenues are forecasted to be $4.4 billion, representing a year-over-year increase of 2.9%.
The consensus EPS estimate for the quarter has undergone an upward revision of 2.5% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
In light of this perspective, let's dive into the average estimates of certain Con Ed metrics that are commonly tracked and forecasted by Wall Street analysts.
It is projected by analysts that the 'Operating revenues- O&R- Gas' will reach $102.18 million. The estimate suggests a change of -9.6% year over year.
The average prediction of analysts places 'Operating revenues- CECONY- Electric' at $2.50 billion. The estimate suggests a change of +2.6% year over year.
The collective assessment of analysts points to an estimated 'Operating revenues- CECONY- Gas' of $1.26 billion. The estimate indicates a year-over-year change of +1.7%.
Analysts forecast 'Operating revenues- CECONY- Steam' to reach $301.58 million. The estimate points to a change of +5.1% from the year-ago quarter.
Analysts' assessment points toward 'Operating revenues- O&R- Electric' reaching $210.49 million. The estimate indicates a change of +7.9% from the prior-year quarter.
The combined assessment of analysts suggests that 'Operating revenues- Gas' will likely reach $1.37 billion. The estimate points to a change of +0.8% from the year-ago quarter.
The consensus estimate for 'Operating revenues- Electric' stands at $2.71 billion. The estimate indicates a change of +3% from the prior-year quarter.
Analysts predict that the 'Operating revenues- Steam' will reach $301.58 million. The estimate indicates a change of +5.1% from the prior-year quarter.
View all Key Company Metrics for Con Ed here>>>
Shares of Con Ed have demonstrated returns of +1.5% over the past month compared to the Zacks S&P 500 composite's -4.3% change. With a Zacks Rank #3 (Hold), ED is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>