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Consolidated Edison to Report Q3 Results: What's in the Cards?
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Key Takeaways
ED's Q3 earnings are expected to rise 9% year over year, with revenues projected to grow 5.2%.
Higher rate bases, rate hikes and infrastructure investments may boost ED's Q3 earnings.
Rising interest expenses, taxes and operating costs may offset gains. ED's Earnings ESP is -1.09%.
Consolidated Edison (ED - Free Report) is slated to report third-quarter 2026 results on Nov. 5, 2026, after market close. The company delivered an earnings surprise of 12.16% in the last reported quarter.
Let’s discuss the factors that are likely to be reflected in the upcoming quarterly results.
Factors at Play Ahead of ED’s Q3 Results
Consolidated Edison’s third-quarter earnings are likely to have benefited from continued growth in the rate base across its regulated utility operations. Higher electric and gas rate bases at Consolidated Edison Company of New York (CECONY), along with the contribution from O&R’s electric and gas rate increases, are expected to have supported regulated earnings.
The company’s continued investments in electric and gas infrastructure, aimed at strengthening grid reliability and modernizing its utility systems, are also likely to have supported quarterly performance. Higher utility capital expenditures and ongoing investments in CECONY’s electric and gas businesses are expected to have expanded the rate base and supported long-term earnings growth.
However, higher interest expenses associated with increased long-term debt balances, along with rising property taxes and other operating costs, are likely to have offset some of the positives in the third quarter.
The Zacks Consensus Estimate for earnings is pegged at $2.07 per share, indicating a year-over-year increase of 9%.
The consensus estimate for revenues is pegged at $4.77 billion, indicating a year-over-year improvement of 5.2%.
What the Zacks Model Unveils for ED
Our proven model does not conclusively predict an earnings beat for ED this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is the case here, as you will see below.
Earnings ESP: ED has an Earnings ESP of -1.09%. You can uncover the best stocks before they’re reported with our Earnings ESP Filter.
Zacks Rank: ED currently carries a Zacks Rank of 2.
Investors may consider the following players from the same industry, as these have the right combination of elements to post an earnings beat this reporting cycle.
Duke Energy (DUK - Free Report) is slated to report its third-quarter 2026 results on Nov. 5, before market open. It has an Earnings ESP of +1.07% and a Zacks Rank of 3 at present.
DUK’s long-term (three to five years) earnings growth rate is 6.4%. The Zacks Consensus Estimate for earnings is pegged at $1.87 per share, which suggests a year-over-year rise of 3.3%.
Evergy (EVRG - Free Report) is slated to report its third-quarter 2026 results on Nov. 5, before market open. It has an Earnings ESP of +2.90% and a Zacks Rank of 2 at present.
EVRG’s long-term earnings growth rate is 9.1%. The Zacks Consensus Estimate for earnings stands at $2.30 per share, which suggests year-over-year growth of 13.3%.
PPL (PPL - Free Report) is scheduled to report its third-quarter 2026 results on Nov. 6, before market open. It has an Earnings ESP of +0.38% and a Zacks Rank of 2 at present.
PPL’s long-term earnings growth rate is 5.3%. The Zacks Consensus Estimate for earnings stands at 53 cents per share, which implies a year-over-year increase of 10.4%.
View the Zacks #1 Rank List
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Consolidated Edison to Report Q3 Results: What's in the Cards?
Key Takeaways
Consolidated Edison (ED - Free Report) is slated to report third-quarter 2026 results on Nov. 5, 2026, after market close. The company delivered an earnings surprise of 12.16% in the last reported quarter.
Let’s discuss the factors that are likely to be reflected in the upcoming quarterly results.
Factors at Play Ahead of ED’s Q3 Results
Consolidated Edison’s third-quarter earnings are likely to have benefited from continued growth in the rate base across its regulated utility operations. Higher electric and gas rate bases at Consolidated Edison Company of New York (CECONY), along with the contribution from O&R’s electric and gas rate increases, are expected to have supported regulated earnings.
The company’s continued investments in electric and gas infrastructure, aimed at strengthening grid reliability and modernizing its utility systems, are also likely to have supported quarterly performance. Higher utility capital expenditures and ongoing investments in CECONY’s electric and gas businesses are expected to have expanded the rate base and supported long-term earnings growth.
However, higher interest expenses associated with increased long-term debt balances, along with rising property taxes and other operating costs, are likely to have offset some of the positives in the third quarter.
Consolidated Edison Inc Price and EPS Surprise
Consolidated Edison Inc price-eps-surprise | Consolidated Edison Inc Quote
Estimates for ED
The Zacks Consensus Estimate for earnings is pegged at $2.07 per share, indicating a year-over-year increase of 9%.
The consensus estimate for revenues is pegged at $4.77 billion, indicating a year-over-year improvement of 5.2%.
What the Zacks Model Unveils for ED
Our proven model does not conclusively predict an earnings beat for ED this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is the case here, as you will see below.
Earnings ESP: ED has an Earnings ESP of -1.09%. You can uncover the best stocks before they’re reported with our Earnings ESP Filter.
Zacks Rank: ED currently carries a Zacks Rank of 2.
You can see the complete list of today’s Zacks #1 Rank stocks here.
Stocks to Consider
Investors may consider the following players from the same industry, as these have the right combination of elements to post an earnings beat this reporting cycle.
Duke Energy (DUK - Free Report) is slated to report its third-quarter 2026 results on Nov. 5, before market open. It has an Earnings ESP of +1.07% and a Zacks Rank of 3 at present.
DUK’s long-term (three to five years) earnings growth rate is 6.4%. The Zacks Consensus Estimate for earnings is pegged at $1.87 per share, which suggests a year-over-year rise of 3.3%.
Evergy (EVRG - Free Report) is slated to report its third-quarter 2026 results on Nov. 5, before market open. It has an Earnings ESP of +2.90% and a Zacks Rank of 2 at present.
EVRG’s long-term earnings growth rate is 9.1%. The Zacks Consensus Estimate for earnings stands at $2.30 per share, which suggests year-over-year growth of 13.3%.
PPL (PPL - Free Report) is scheduled to report its third-quarter 2026 results on Nov. 6, before market open. It has an Earnings ESP of +0.38% and a Zacks Rank of 2 at present.
PPL’s long-term earnings growth rate is 5.3%. The Zacks Consensus Estimate for earnings stands at 53 cents per share, which implies a year-over-year increase of 10.4%.