ED

What the ED Earnings Track Record Actually Shows

Over the last eight reported quarters, Consolidated Edison (ED) beat analyst EPS estimates in 7 of 8 quarters, an 88% beat rate, and delivered an average earnings surprise of 3.1%. The headline record looks strong, but the price reaction has not followed in lockstep. Across those same eight quarters, ED’s average 5-day price move after the report was just 0.43%, classified as “flat” drift. That disconnect between a high beat rate and minimal follow-through is the most important feature for anyone watching ED around earnings.

The last four quarters highlight the pattern clearly. On 2026-05-07, ED reported actual EPS of $2.17 versus an estimate of $2.28, a -4.8% miss; the stock fell -0.08% the next day and rose 0.7% over the following five sessions. On 2026-02-19, actual EPS of $0.89 beat the $0.856 estimate by 4.0%, yet the stock dropped -1.89% the next day and -1.04% over five days. On 2025-11-06, actual EPS of $1.90 beat the $1.74 estimate by 9.2%, generating a 1.58% next-day move and a 4.08% gain over five days. On 2025-08-07, actual EPS of $0.67 beat the $0.641 estimate by 4.5%, but the stock slipped -0.5% the next day and -2.04% over five days. Three of the four reports were beats, yet only one produced a sustained post-report rally.

ED’s next report is scheduled for 2026-08-06 after the close, with a consensus EPS estimate of $0.755. As a regulated electric utility, ED is also sensitive to rate-base and interest-rate expectations, so the reaction may depend on how management comments affect the market’s real expectation for the regulatory environment and financing costs, not just the EPS print alone.

Options-Flow Context for the 2026-08-06 Report

With ED trading at $112.97 ahead of the 2026-08-06 report, the options market has to price a post-earnings move. The historical benchmark is modest: the average five-day drift is 0.43%, even though the last four next-day moves ranged from -1.89% to +1.58% and the five-day moves ranged from -2.04% to +4.08%. A short-dated at-the-money straddle will embed a breakeven; if that breakeven is materially wider than the 0.43% historical average drift, the premium is exposed to implied-volatility compression unless the realized move is large.

Flow activity can also be read against technical references. ED is currently above its 50-day EMA of $110.05, and the RSI is 57.5, neither overbought nor oversold. Strike activity can cluster around the at-the-money level near $112.97 and around the $110.05 EMA. Unusual block volume at strikes well away from those prices may signal that participants are positioning for a larger gap than the average post-earnings drift would suggest. After the release, options-flow shifts—whether rolling exposure lower, adding directional delta, or simply exiting—can give a cleaner read on sentiment than the EPS number alone.

Checklist for a Disciplined ED Earnings Setup

A disciplined trader focuses on reaction levels rather than assuming a beat means a rally. In the recent data, ED beat estimates in three of the last four reported quarters, yet two of those beats were followed by negative five-day returns of -1.04% and -2.04%. The 2025-11-06 result was the exception, with a +1.58% next-day move and +4.08% over five days. With the unofficial consensus EPS at $0.755 for 2026-08-06, the comparison that matters is the reported figure versus the market’s real expectation, and how the stock reacts relative to $112.97, the $110.05 50-day EMA, and any nearby support or resistance. Watch for whether post-announcement options flow reduces exposure or adds direction, since that repositioning may confirm or contradict the initial price reaction. For a deeper institutional view of the name ahead of the report, review the full institutional verdict below.