Consolidated Edison (NYSE: ED ) is expected to report Q3 earnings around Nov. 2. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Consolidated Edison's revenues will grow 6.9% and EPS will grow 3.0%.
The average estimate for revenue is $3.88 billion. On the bottom line, the average EPS estimate is $1.37.
Last quarter, Consolidated Edison chalked up revenue of $2.77 billion. GAAP reported sales were 7.4% lower than the prior-year quarter's $2.99 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.61. GAAP EPS of $0.73 for Q2 were 30% higher than the prior-year quarter's $0.56 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 41.3%, 580 basis points better than the prior-year quarter. Operating margin was 17.1%, 380 basis points better than the prior-year quarter. Net margin was 7.7%, 220 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $13.27 billion. The average EPS estimate is $3.76.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 639 members out of 672 rating the stock outperform, and 33 members rating it underperform. Among 206 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 198 give Consolidated Edison a green thumbs-up, and eight give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Consolidated Edison is hold, with an average price target of $58.37.
Can your portfolio provide you with enough income to last through retirement? You'll need more than Consolidated Edison. Learn how to maximize your investment income and get "The 3 DOW Stocks Dividend Investors Need." Click here for instant access to this free report.
- Add Consolidated Edison to My Watchlist.