New York-based Consolidated Edison, Inc. (ED) is a leading provider of regulated electric, gas, and steam services in New York City, New Jersey, and Westchester County. Valued at $40.4 billion by market cap, Con Edison also invests in electric and natural gas transmission projects that offer customers access to diverse, low-cost energy supplies.
The utility giant is set to announce first-quarter results after the markets close on Thursday, May 1. Ahead of the event, analysts expect ED to report a non-GAAP profit of $2.30 per share, up nearly 7% from $2.15 per share reported in the year-ago quarter. On an even more positive note, the company has surpassed Street’s bottom-line estimates in each of the past four quarters.
