Consolidated Edison (NYSE:ED) Issues Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Key Points

• Consolidated Edison reported quarterly EPS of $2.07, beating the $2.03 consensus estimate and rising from $1.90 a year earlier. Revenue of $4.91 billion also exceeded analysts’ $4.75 billion forecast.
• The company declared a quarterly dividend of $0.8875 per share, equivalent to $3.55 annually and a 3.0% yield.
• Shares fell $2.88 to $118.56 on Friday. Analysts’ consensus rating was “Reduce,” with an average price target of $109.74.

Consolidated Edison (NYSE:ED - Get Free Report) posted its quarterly earnings results on Thursday. The utilities provider reported $2.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.04, FiscalAI reports. Consolidated Edison had a net margin of 12.70% and a return on equity of 8.68%. The firm had revenue of $4.91 billion during the quarter, compared to analysts' expectations of $4.75 billion. During the same period in the prior year, the company posted $1.90 earnings per share.

Consolidated Edison Price Performance

Shares of NYSE:ED traded down $2.88 on Friday, hitting $118.56. The company had a trading volume of 2,501,467 shares, compared to its average volume of 2,287,054. The company has a current ratio of 1.27, a quick ratio of 1.17 and a debt-to-equity ratio of 1.04. Consolidated Edison has a 52-week low of $94.96 and a 52-week high of $122.75. The business has a 50 day moving average of $108.92 and a 200 day moving average of $109.35. The company has a market cap of $43.85 billion, a PE ratio of 19.93, a PEG ratio of 4.10 and a beta of 0.23.

Consolidated Edison Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Wednesday, November 18th will be issued a $0.8875 dividend. This represents a $3.55 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Wednesday, November 18th. Consolidated Edison's payout ratio is 56.80%.

More Consolidated Edison News

Here are the key news stories impacting Consolidated Edison this week:

• Positive Sentiment: Con Edison reported adjusted Q3 EPS of $2.07, up from $1.90 a year earlier, and revenue of $4.91 billion, above the cited $4.75 billion consensus. Some estimates vary slightly: one Zacks report characterized EPS as a narrow miss. Con Edison reports 2026 third-quarter earnings
• Positive Sentiment: Wells Fargo raised its price target to $134 from $118 and upgraded ED to “overweight.” Mizuho also lifted its target, to $124 from $108. Wells Fargo price-target update Mizuho price-target update
• Neutral Sentiment: FY 2026 EPS guidance is $6.05–$6.15, bracketing the $6.11 consensus. The range supports expectations near consensus, though its narrower span leaves less room for an upside surprise. Q3 earnings and guidance
• Negative Sentiment: Barclays raised its target only slightly, from $106 to $108, while retaining an “underweight” rating—still implying downside from the cited share price. Barclays rating and target
• Negative Sentiment: The company outlined $38 billion in planned investments, raising potential financing and shareholder-dilution concerns that could offset the appeal of earnings growth. Q3 earnings, guidance, and investment risks

Wall Street Analyst Weigh In

ED has been the topic of several research analyst reports. Morgan Stanley decreased their price target on Consolidated Edison from $101.00 to $97.00 and set an "underweight" rating on the stock in a research note on Friday, September 18th. Evercore dropped their price objective on Consolidated Edison from $116.00 to $112.00 in a research note on Thursday, October 8th. HSBC began coverage on Consolidated Edison in a report on Thursday, October 22nd. They issued a "hold" rating and a $104.00 target price on the stock. Royal Bank Of Canada dropped their target price on shares of Consolidated Edison from $110.00 to $109.00 in a report on Monday, October 26th. Finally, Mizuho set a $108.00 target price on shares of Consolidated Edison in a research report on Wednesday, October 7th. Five research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and six have given a Sell rating to the company's stock. According to MarketBeat.com, Consolidated Edison presently has a consensus rating of "Reduce" and an average target price of $109.74.

Consolidated Edison Company Profile

Consolidated Edison, Inc is an energy holding company whose principal business is delivering electricity, natural gas and steam through regulated utility subsidiaries. Its services include generating, transmitting and distributing energy to residential, commercial and industrial customers.

Its largest subsidiary, Consolidated Edison Company of New York, serves customers in New York City and Westchester County. Orange and Rockland Utilities serves parts of southeastern New York and northern New Jersey.

The company's roots trace back to New York Gas Light Company, founded in 1823.

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