The Zacks Consensus Estimate for third-quarter earnings is pegged at $1.44 per share, indicating a 2.7% decrease from the year-ago quarter’s reported figure. This might have had an adverse impact on its quarterly earnings performance. These might have damaged some of this utility’s properties, thereby hampering smooth electricity flow and pushing up expenses for restoration work. Some parts of Consolidated Edison’s service territories suffered from flash floods, accompanied by heavy rainfall and even a hurricane during the third quarter. Consolidated Edison Inc Price and EPS SurpriseĬonsolidated Edison Inc price-eps-surprise | Consolidated Edison Inc Quote
The Zacks Consensus Estimate for third-quarter revenues is pegged at $3.47 billion, which indicates a 4.1% increase from the year-ago quarter’s reported figure. Such weather patterns are expected to have boosted electricity demand in the third quarter, which must have contributed to the company’s revenue growth. Factors to Considerĭuring most parts of the third quarter, the majority of Consolidated Edison’s service territories witnessed warmer-than-normal temperatures, accompanied by heavy rainfall in some parts.
Let’s discuss the factors that are likely to get reflected in the upcoming quarterly results. In the last reported quarter, the company delivered a negative earnings surprise of 14.52%.Ĭonsolidated Edison came up with a four-quarter average negative earnings surprise of 1.80%. ED is scheduled to release third-quarter 2021 results on Nov 4, after market close. Institutional Distribution IntelligenceĬonsolidated Edison Inc.Non-Traditional Exchanges & New Markets.Directors’ and Officers’ Questionnaires.
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