Zacks Research Brokers Lower Earnings Estimates for ED

Key Points

• Analysts at Zacks Research have lowered their Q3 2025 earnings estimates for Consolidated Edison from $1.79 to $1.78 per share, aligning with a full-year earnings consensus of $5.62.
• Consolidated Edison reported a Q2 earnings per share of $0.67, exceeding analysts' expectations by $0.01, with revenue hitting $3.60 billion.
• Several firms, including Morgan Stanley and Bank of America, have recently adjusted their ratings and target prices on Consolidated Edison stock, indicating mixed investor sentiment.

Consolidated Edison Inc (NYSE:ED - Free Report) - Stock analysts at Zacks Research decreased their Q3 2025 earnings per share (EPS) estimates for shares of Consolidated Edison in a note issued to investors on Friday, October 10th. Zacks Research analyst Team now forecasts that the utilities provider will post earnings per share of $1.78 for the quarter, down from their prior forecast of $1.79. The consensus estimate for Consolidated Edison's current full-year earnings is $5.62 per share. Zacks Research also issued estimates for Consolidated Edison's Q4 2025 earnings at $0.90 EPS, Q1 2026 earnings at $2.34 EPS, Q2 2026 earnings at $0.73 EPS, Q3 2026 earnings at $1.52 EPS and Q2 2027 earnings at $1.03 EPS.

Consolidated Edison (NYSE:ED - Get Free Report) last released its earnings results on Thursday, August 7th. The utilities provider reported $0.67 EPS for the quarter, topping analysts' consensus estimates of $0.66 by $0.01. The company had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.39 billion. Consolidated Edison had a return on equity of 8.56% and a net margin of 11.98%.During the same quarter last year, the business posted $0.59 EPS. Consolidated Edison has set its FY 2025 guidance at 5.500-5.700 EPS.

Several other analysts have also recently commented on the company. Morgan Stanley lowered their target price on Consolidated Edison from $95.00 to $93.00 and set an "underweight" rating on the stock in a research report on Thursday, September 25th. KeyCorp reissued an "overweight" rating on shares of Consolidated Edison in a research note on Wednesday, July 16th. Scotiabank raised their target price on Consolidated Edison from $101.00 to $106.00 and gave the stock a "sector perform" rating in a research report on Monday, August 11th. Weiss Ratings reissued a "buy (b-)" rating on shares of Consolidated Edison in a research report on Wednesday, October 8th. Finally, Bank of America cut Consolidated Edison from a "buy" rating to an "underperform" rating and reduced their price objective for the company from $112.00 to $101.00 in a research report on Friday, August 15th. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $105.75.

Consolidated Edison Trading Up 1.5%

Shares of NYSE ED opened at $102.36 on Monday. The company has a market cap of $36.92 billion, a price-to-earnings ratio of 18.58, a price-to-earnings-growth ratio of 2.85 and a beta of 0.32. Consolidated Edison has a 12-month low of $87.28 and a 12-month high of $114.87. The company has a current ratio of 1.10, a quick ratio of 1.01 and a debt-to-equity ratio of 1.04. The stock's 50 day simple moving average is $99.73 and its 200 day simple moving average is $103.00.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Ritholtz Wealth Management bought a new position in Consolidated Edison in the 1st quarter worth approximately $227,000. Wealth Enhancement Advisory Services LLC increased its position in shares of Consolidated Edison by 2.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 250,014 shares of the utilities provider's stock valued at $27,649,000 after buying an additional 6,869 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new position in Consolidated Edison in the 1st quarter worth $217,000. AG2R LA Mondiale Gestion D Actifs acquired a new position in Consolidated Edison in the 1st quarter worth $1,631,000. Finally, GAMMA Investing LLC boosted its stake in Consolidated Edison by 45.0% in the 1st quarter. GAMMA Investing LLC now owns 9,242 shares of the utilities provider's stock worth $1,022,000 after purchasing an additional 2,869 shares during the period. Institutional investors own 66.29% of the company's stock.

Consolidated Edison Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Wednesday, August 13th were issued a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend was Wednesday, August 13th. Consolidated Edison's payout ratio is presently 61.71%.

About Consolidated Edison

Consolidated Edison, Inc, through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States. It offers electric services to approximately 3.7 million customers in New York City and Westchester County; gas to approximately 1.1 million customers in Manhattan, the Bronx, parts of Queens, and Westchester County; and steam to approximately 1,530 customers in parts of Manhattan.

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