Consolidated Edison (NYSE: ED ) is expected to report Q2 earnings around July 18. 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 contract -0.3% and EPS will drop -4.9%.
The average estimate for revenue is $2.76 billion. On the bottom line, the average EPS estimate is $0.58.
Last quarter, Consolidated Edison tallied revenue of $3.18 billion. GAAP reported sales were 3.4% higher than the prior-year quarter's $3.08 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 $1.02. GAAP EPS of $0.65 for Q1 were 31% lower than the prior-year quarter's $0.94 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 39.3%, 110 basis points worse than the prior-year quarter. Operating margin was 16.5%, 170 basis points worse than the prior-year quarter. Net margin was 6.0%, 300 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $12.42 billion. The average EPS estimate is $3.79.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 639 members out of 674 rating the stock outperform, and 35 members rating it underperform. Among 175 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 167 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 $57.21.
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