Zacks Research Has Bearish Forecast for ED Q3 Earnings

Key Points

• Zacks Research has revised its Q3 2025 earnings per share estimate for Consolidated Edison down to $1.81, a decrease from the previous estimate of $1.84.
• The company reported Q2 earnings of $0.67 per share, beating analysts' expectations and generating a revenue of $3.60 billion for the quarter.
• Consolidated Edison recently announced a quarterly dividend of $0.85, with a dividend yield of 3.5% and a payout ratio of 61.71%.

Consolidated Edison Inc (NYSE:ED - Free Report) - Equities research analysts at Zacks Research dropped their Q3 2025 EPS estimates for Consolidated Edison in a report issued on Thursday, August 28th. Zacks Research analyst Team now expects that the utilities provider will earn $1.81 per share for the quarter, down from their prior forecast of $1.84. 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 $0.88 EPS, FY2025 earnings at $5.62 EPS, Q1 2026 earnings at $2.30 EPS, Q4 2026 earnings at $1.37 EPS, Q1 2027 earnings at $2.04 EPS and Q2 2027 earnings at $1.04 EPS.

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

A number of other research analysts have also recently issued reports on ED. Morgan Stanley reaffirmed an "underweight" rating on shares of Consolidated Edison in a report on Thursday, August 21st. Barclays increased their price objective on shares of Consolidated Edison from $101.00 to $107.00 and gave the stock an "underweight" rating in a research note on Wednesday, August 13th. Scotiabank raised their price target on shares of Consolidated Edison from $101.00 to $106.00 and gave the company a "sector perform" rating in a research report on Monday, August 11th. Mizuho raised their price target on shares of Consolidated Edison from $107.00 to $112.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. Finally, Bank of America lowered shares of Consolidated Edison from a "buy" rating to an "underperform" rating and dropped their price target for the company from $112.00 to $101.00 in a research report on Friday, August 15th. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $105.82.

Consolidated Edison Stock Up 0.2%

NYSE:ED traded up $0.21 during midday trading on Monday, reaching $98.01. 1,724,453 shares of the stock traded hands, compared to its average volume of 2,841,150. Consolidated Edison has a 12-month low of $87.28 and a 12-month high of $114.87. The business has a 50-day moving average of $101.22 and a two-hundred day moving average of $103.90. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.01 and a current ratio of 1.10. The stock has a market capitalization of $35.35 billion, a PE ratio of 17.79, a price-to-earnings-growth ratio of 2.72 and a beta of 0.28.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Merit Financial Group LLC grew its position in Consolidated Edison by 16.8% in the first quarter. Merit Financial Group LLC now owns 10,666 shares of the utilities provider's stock worth $1,180,000 after acquiring an additional 1,533 shares during the period. Ritholtz Wealth Management purchased a new stake in shares of Consolidated Edison in the 1st quarter valued at approximately $227,000. Wealth Enhancement Advisory Services LLC raised its stake 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 acquiring an additional 6,869 shares during the period. Flagship Harbor Advisors LLC purchased a new stake in shares of Consolidated Edison in the 1st quarter valued at approximately $217,000. Finally, GAMMA Investing LLC raised its stake in shares of Consolidated Edison by 45.0% in the 1st quarter. GAMMA Investing LLC now owns 9,242 shares of the utilities provider's stock valued at $1,022,000 after acquiring an additional 2,869 shares during the period. 66.29% of the stock is currently owned by hedge funds and other institutional investors.

Consolidated Edison Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Wednesday, August 13th will be given a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 3.5%. The ex-dividend date is Wednesday, August 13th. Consolidated Edison's dividend payout ratio is presently 61.71%.

Consolidated Edison Company Profile

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.