New York-based Consolidated Edison, Inc. (ED) is a leading provider of regulated electric, gas, and steam services in New York City and Westchester County. With a market cap of $32.5 billion, the company's operations extend to southeastern New York and northern New Jersey, delivering energy solutions to industrial, commercial, residential, and government sectors. The utility company is expected to announce its Q2 earnings after the market closes on Thursday, August 1.
Ahead of the event, analysts expect Consolidated Edison to report a profit of $0.55 per share, down 9.8% from $0.61 per share reported in the year-ago quarter. The company has consistently surpassed Wall Street’s EPS projections in each of the past four quarters. Its EPS for the last reported quarter grew 17.5% to $2.15, exceeding the consensus estimates by 13.8%.
