Consolidated Edison (ED)
NYSEUtilitiesUtilities - Regulated ElectricSnapshot 2026-07-07
$113.00+0.95%
Close 2026-07-07 · 1-day change
Reading ED? This analysis is rebuilt every market day. Get it tracked free. No credit card.
Track ED free→NYSEUtilitiesUtilities - Regulated ElectricSnapshot 2026-07-07
Reading ED? This analysis is rebuilt every market day. Get it tracked free. No credit card.
Track ED free→A long-form read on the 1–3 year hold thesis. Slower and deeper than the daily snapshot — it refreshes only when the evidence moves.
This investment represents a durable compounder in the utility sector. The current thesis state is intact, supported by strong recent financial performance and a focus on key management priorities.
The valuation is considered cheap compared to peers, with no significant expectations gap. The market seems to have priced in a stable outlook, as there are no fragility concerns noted.
Fundamentals are likely to remain robust, given the company's strong earnings quality and low risk profile. However, there is a near-term risk of missing earnings expectations, as the company has a history of recent misses.
The long-term thesis hinges on management's ability to reaffirm guidance and execute on capital investments for a modern grid. Additionally, external factors like Federal Reserve rate cuts and performance of sector peers will be crucial.
Overall, the outlook for ED remains stable, with a focus on execution and external market conditions shaping its future. Not investment advice.
The most important moves since the prior daily snapshot.
Mixed, the news cuts both ways. On one hand, the CEO's emphasis on investing in a modern, resilient grid supports the company's long-term growth potential. On the other hand, the latest earnings miss and an analyst downgrade raise concerns about growth and valuation.
as of 2026-07-07
Specific, dated things to watch for, each with what would confirm it and what would prove it wrong.
Why it matters: Approval lets Con Edison spend money on important projects for future growth.
Confirms:Public announcement of approval for the three-year rate plan by the commission.
Disproves:Denial or delay of the capital investment plans by the commission.
Why it matters: Keeping the EPS guidance shows trust in steady earnings and growth.
Confirms:Management confirms adjusted EPS guidance remains in the range of $6.00 to $6.20.
Disproves:Management lowers the adjusted EPS guidance from the current range.
Why it matters: Earnings that meet guidance show strong operations. This can help build investor confidence.
Confirms:Q2 2026 earnings report shows results within the guided range.
Disproves:Q2 2026 earnings report falls below the guided range.
Why it matters: The earnings report will show financial performance and any changes in guidance.
Confirms one read:Earnings report shows adjusted EPS above $6.00.
Confirms the other:Earnings report shows adjusted EPS below $6.00.
Why it matters: Reaffirming EPS guidance shows that management believes earnings will stay stable. This could help investor trust.
Confirms:Management confirms EPS guidance remains between $6.00 and $6.20 in the next earnings call.
Disproves:Management lowers EPS guidance below $6.00 in the next earnings call.
Why it matters: How well the company manages costs impacts profitability. A decline in cost discipline may hurt earnings.
Confirms:Management says they are managing costs better. Their progress score is over 60.
Disproves:Progress score drops below 45, showing worse cost management.
Why it matters: More dividend growth shows the company is doing well and cares about shareholders.
Confirms:Announcement of an increase in the dividend payout ratio or amount.
Disproves:Announcement of a dividend freeze or cut.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Why it matters: Better cost control shows the company is running efficiently. This can improve profit margins.
Confirms one read:Cost metrics show improvement in Q2 2026 compared to Q1 2026.
Confirms the other:Cost metrics worsen in Q2 2026 compared to Q1 2026.
Why it matters: Higher capital investments show growth and better infrastructure. This could increase long-term value.
Confirms:Total capital investments for 2026 are more than $6.595 billion.
Disproves:Total capital investments for 2026 are less than $6.595 billion.