Con Ed (ED) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

Consolidated Edison (ED) reported $4 billion in revenue for the quarter ended December 2025, representing a year-over-year increase of 8.9%. EPS of $0.89 for the same period compares to $0.98 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $3.7 billion, representing a surprise of +8.07%. The company delivered an EPS surprise of +5.59%, with the consensus EPS estimate being $0.84.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Con Ed performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Operating revenues- O&R: $306 million versus the three-analyst average estimate of $261.09 million. The reported number represents a year-over-year change of +13.3%.
• Operating revenues- CECONY: $3.69 billion versus $3.46 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +8.5% change.
• Operating Income- CECONY: $484 million versus $600.96 million estimated by three analysts on average.
• Operating Income- O&R: $21 million versus $26.49 million estimated by three analysts on average.
• Operating Income- Con Edison Transmission: $-20 million compared to the $-1.93 million average estimate based on two analysts.
• Operating Income- Other: $2 million compared to the $11.51 million average estimate based on two analysts.

View all Key Company Metrics for Con Ed here>>>

Shares of Con Ed have returned +7.5% over the past month versus the Zacks S&P 500 composite's -0.8% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.

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This article originally published on Zacks Investment Research (zacks.com).

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