The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Consolidated Edison's revenues will grow 4.3% and EPS will improve 5.4%.
The average estimate for revenue is $3.12 billion. On the bottom line, the average EPS estimate is $0.59.
Last quarter, Consolidated Edison logged revenue of $3.08 billion. GAAP reported sales were 8.1% lower than the prior-year quarter's $3.35 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 $1.00. GAAP EPS of $0.94 for Q1 were 11% lower than the prior-year quarter's $1.06 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 40.4%, 150 basis points better than the prior-year quarter. Operating margin was 18.2%, 50 basis points worse than the prior-year quarter. Net margin was 9.0%, 30 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $13.66 billion. The average EPS estimate is $3.74.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 633 members out of 666 rating the stock outperform, and 33 members rating it underperform. Among 213 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 206 give Consolidated Edison a green thumbs-up, and seven 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 $57.56.
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