New York-based Consolidated Edison, Inc. (ED) engages in the regulated electric, gas, and steam delivery businesses in the United States. With a market cap of $36.4 billion, the company operates the largest steam distribution system in the country, and provides electricity and gas in New York, New Jersey, and Pennsylvania.
ED is set to deliver its second-quarter results on Thursday, August 7, after the market closes. Ahead of the event, analysts expect the utility giant to report an adjusted EPS of $0.62, up 5.1% from $0.59 reported in the year-ago quarter. It has exceeded analysts' earnings estimates in three of the past four quarters, while missing on one occasion.
