Q2 EPS Forecast for Consolidated Edison Boosted by Analyst

Consolidated Edison, Inc. (NYSE:ED - Free Report) - Stock analysts at Zacks Research boosted their Q2 2026 EPS estimates for Consolidated Edison in a research report issued on Thursday, May 22nd. Zacks Research analyst R. Department now forecasts that the utilities provider will post earnings per share of $0.95 for the quarter, up from their previous forecast of $0.83. 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 Q3 2026 earnings at $1.48 EPS.

Consolidated Edison (NYSE:ED - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The utilities provider reported $2.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.30 by ($0.05). The company had revenue of $4.80 billion during the quarter, compared to the consensus estimate of $4.21 billion. Consolidated Edison had a net margin of 11.93% and a return on equity of 8.62%. During the same quarter last year, the business earned $2.15 earnings per share.

A number of other brokerages have also recently weighed in on ED. Mizuho raised their target price on shares of Consolidated Edison from $92.00 to $95.00 and gave the stock a "neutral" rating in a report on Monday, February 3rd. Guggenheim upped their price target on shares of Consolidated Edison from $96.00 to $103.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. Wells Fargo & Company upped their price target on shares of Consolidated Edison from $103.00 to $114.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd. Morgan Stanley reduced their price target on shares of Consolidated Edison from $94.00 to $93.00 and set an "underweight" rating for the company in a research report on Thursday, May 22nd. Finally, Scotiabank increased their target price on shares of Consolidated Edison from $100.00 to $101.00 and gave the stock a "sector perform" rating in a research report on Monday, February 24th. Three analysts have rated the stock with a sell rating, seven have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $104.27.

Consolidated Edison Price Performance

NYSE:ED traded up $1.47 during trading hours on Monday, reaching $103.58. 823,491 shares of the company's stock were exchanged, compared to its average volume of 2,282,156. The company has a market capitalization of $37.32 billion, a P/E ratio of 19.76, a price-to-earnings-growth ratio of 3.05 and a beta of 0.29. Consolidated Edison has a 12 month low of $87.28 and a 12 month high of $114.87. The company has a quick ratio of 0.93, a current ratio of 1.01 and a debt-to-equity ratio of 1.07. The business's 50-day simple moving average is $108.06 and its two-hundred day simple moving average is $100.08.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Jacobi Capital Management LLC increased its stake in shares of Consolidated Edison by 4.2% during the 4th quarter. Jacobi Capital Management LLC now owns 2,569 shares of the utilities provider's stock worth $229,000 after purchasing an additional 104 shares during the last quarter. Glen Eagle Advisors LLC grew its stake in Consolidated Edison by 6.2% in the 4th quarter. Glen Eagle Advisors LLC now owns 1,902 shares of the utilities provider's stock valued at $170,000 after buying an additional 111 shares during the last quarter. Richwood Investment Advisors LLC grew its stake in Consolidated Edison by 2.3% in the 4th quarter. Richwood Investment Advisors LLC now owns 5,194 shares of the utilities provider's stock valued at $463,000 after buying an additional 115 shares during the last quarter. Western Wealth Management LLC grew its stake in Consolidated Edison by 0.7% in the 1st quarter. Western Wealth Management LLC now owns 16,101 shares of the utilities provider's stock valued at $1,781,000 after buying an additional 116 shares during the last quarter. Finally, Eastern Bank grew its stake in Consolidated Edison by 2.9% in the 1st quarter. Eastern Bank now owns 4,294 shares of the utilities provider's stock valued at $475,000 after buying an additional 120 shares during the last quarter. Institutional investors and hedge funds own 66.29% of the company's stock.

Consolidated Edison Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Wednesday, May 14th will be paid a dividend of $0.85 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $3.40 annualized dividend and a dividend yield of 3.28%. Consolidated Edison's dividend payout ratio (DPR) is 62.85%.

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.