Consolidated Edison (ED) Q4 Earnings and Revenues Surpass Estimates

Group 1 - Consolidated Edison (Con Ed) reported quarterly earnings of $0.98 per share, exceeding the Zacks Consensus Estimate of$0.97 per share, but down from $1 per share a year ago, representing an earnings surprise of 1.03$3.67 billion for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 2.56% and up from 3.44 billion year-over-year [2] - Con Ed has outperformed the S&P 500 with a 6.8% increase in shares since the beginning of the year compared to the S&P 500's gain of 4.5% [3] Group 2 - The current consensus EPS estimate for the upcoming quarter is 2.22 on revenues of $4.41 billion, and for the current fiscal year, it is$5.62 on revenues of $15.93 billion [7] - The Zacks Industry Rank for Utility - Electric Power is in the bottom 46% of over 250 Zacks industries, indicating potential challenges for stock performance [8] Group 3 - The estimate revisions trend for Con Ed is mixed, resulting in a Zacks Rank 3 (Hold), suggesting the stock is expected to perform in line with the market in the near future [6] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]