GET DAILY SIGNALSConsolidated Edison (ED) Delivers Solid Q3 Earnings and Raises Full-Year Guidance
Key Takeaways
- Consolidated Edison (ED) reported third quarter 2026 adjusted earnings per share (EPS) of $2.07, up from $1.90 in the prior-year period and above the FactSet consensus estimate of $2.03.
- Net income rose to $766 million for the quarter, compared with $688 million a year earlier.
- Revenue of roughly $4.91 billion topped analyst expectations, driven by higher regulated electric rate base and base rate increases.
- The company raised its full-year 2026 adjusted EPS guidance to a range of $6.05 to $6.15.
- Results were led by growth at CECONY (Consolidated Edison Company of New York) and O&R (Orange and Rockland Utilities), supported by higher electric rate base and lower health care-related operating costs.
Why These Earnings Matter
As one of the nation’s largest regulated utility holding companies, Consolidated Edison (ED) serves millions of electric, gas, and steam customers across New York City, Westchester County, and parts of New Jersey. Its quarterly earnings provide a useful window into the health of regulated operations, rate case outcomes, and infrastructure investment trends. The third quarter results arrive against a backdrop of rising electricity demand, ongoing grid modernization, and sustained capital spending on resilience. Because utilities derive predictable revenue from approved rate structures, investors pay close attention to EPS growth, guidance updates, and cost discipline. This quarter’s results matter as a barometer of how effectively Con Edison is converting regulatory investment into shareholder value. I also checked this using Tickeron’s AI Screener to see how the stock compares to others in the industry.
Breaking Down the Q3 Numbers
Consolidated Edison (ED) reported third quarter 2026 adjusted earnings of $2.07 per share, up from $1.90 in the same period last year and ahead of the FactSet consensus estimate of $2.03. Net income for the quarter reached $766 million, an increase from $688 million in the prior-year quarter. Revenue came in at approximately $4.91 billion, exceeding analyst projections of around $4.75 billion.
The improvement was driven primarily by a higher electric rate base at CECONY and electric base rate increases at O&R. Lower operation and maintenance expense related to health care costs also supported results. The company raised its full-year 2026 adjusted EPS outlook to a range of $6.05 to $6.15, a modest upward revision reflecting confidence in the balance of the year. From what I see, the beat and raise combination points to steady execution in a regulated environment.
How the Market Responded
Consolidated Edison (ED) shares showed a modestly positive response following the earnings release, reflecting a quarter that generally met or exceeded expectations. The adjusted EPS beat and the raised full-year guidance reinforced investor confidence in the company’s earnings trajectory. Investors appeared to focus on the durability of regulated earnings growth and the company’s continued capital investment rather than on any single metric. The utility sector’s defensive, income-oriented profile also supported sentiment, as steady rate base growth and predictable cash flows remain attractive in an environment of ongoing economic uncertainty.
What to Watch Going Forward
Looking ahead, investors should monitor how Con Edison translates its rising rate base into sustained EPS growth. The company continues to invest heavily in grid modernization, climate resilience, and infrastructure upgrades, with plans to direct significant capital toward resilience initiatives through 2030. These investments are intended to support long-term reliability and regulatory returns, but they also carry execution and cost-management considerations.
Rate case developments across New York and New Jersey will remain a central watch item, since approved rate structures directly influence revenue and profitability. Operating and maintenance expense trends, particularly around health care and storm-related costs, will also factor into future margins.
Finally, broader industry dynamics — including rising electricity demand, decarbonization efforts, and weather patterns — could shape both volumes and regulatory priorities. While the company’s decoupling mechanisms generally insulate delivery revenues from volume swings, the pace of capital deployment and financing costs will be key factors to monitor in the quarters ahead. I’m watching this closely as rate approvals and capital spending unfold.
Using AI Tools in My Research
When analyzing utilities like Consolidated Edison (ED), I often rely on Tickeron’s AI Screener to quickly filter peers by fundamentals, technical patterns, and performance metrics. It helps surface comparable opportunities across the sector without spending hours on manual screening. This tool has become a regular part of how I cross-check earnings trends and identify relative strength in the utility space.
Disclaimer
The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.
Contributor
Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.
ED in upward trend: 10-day moving average crossed above 50-day moving average on October 15, 2026
The 10-day moving average for ED crossed bullishly above the 50-day moving average on October 15, 2026. This indicates that the trend has shifted higher and could be considered a buy signal. In 10 of 16 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 62%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on October 06, 2026. You may want to consider a long position or call options on ED as a result. In 40 of 82 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 49%.
The Moving Average Convergence Divergence (MACD) for ED just turned positive on October 06, 2026. Looking at past instances where ED's MACD turned positive, the stock continued to rise in 28 of 48 cases over the following month. The odds of a continued upward trend are 58%.
ED moved above its 50-day moving average on October 12, 2026 date and that indicates a change from a downward trend to an upward trend.
Following a +2.59% 3-day Advance, the price is estimated to grow further. Considering data from situations where ED advanced for three days, in 168 of 323 cases, the price rose further within the following month. The odds of a continued upward trend are 52%.
The Aroon Indicator entered an Uptrend today. In 126 of 292 cases where ED Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 43%.
Bearish Trend Analysis
The RSI Indicator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 20 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The 50-day moving average for ED moved below the 200-day moving average on October 01, 2026. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ED declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 43%.
ED broke above its upper Bollinger Band on October 22, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Fundamental Analysis (Ratings)
The Tickeron Profit vs. Risk Rating rating for this company is 9 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 50, placing this stock better than average.
The Tickeron Price Growth Rating for this company is 21 (best 1 - 100 worst), indicating outstanding price growth. ED’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is 36 (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Seasonality Score of 50 (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Valuation Rating of 51 (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.730) is normal, around the industry mean (2.065). P/E Ratio (19.721) is within average values for comparable stocks, (15.032). Projected Growth (PEG Ratio) (2.034) is also within normal values, averaging (1.785). Dividend Yield (0.030) settles around the average of (0.053) among similar stocks. P/S Ratio (2.171) is also within normal values, averaging (187.392).
The Tickeron SMR rating for this company is 75 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Advertisement
General Information
a holding company which through its subsidiaries provides electric, gas and steam delivery services
Industry ElectricUtilities
Advertisement