Consolidated Edison (NYSE: ED ) is expected to report Q1 earnings around Feb. 8. 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 9.1% and EPS will expand 2.0%.
The average estimate for revenue is $3.36 billion. On the bottom line, the average EPS estimate is $1.02.
Last quarter, Consolidated Edison reported revenue of $2.90 billion. GAAP reported sales were 2.2% lower than the prior-year quarter's $2.97 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 $0.69. GAAP EPS of $0.70 for Q4 were 7.7% higher than the prior-year quarter's $0.65 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 40.1%, 160 basis points better than the prior-year quarter. Operating margin was 15.6%, 20 basis points better than the prior-year quarter. Net margin was 7.1%, 70 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $13.81 billion. The average EPS estimate is $3.81.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 638 members out of 671 rating the stock outperform, and 33 members rating it underperform. Among 210 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 201 give Consolidated Edison a green thumbs-up, and nine 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 $58.38.
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