Consolidated Edison Ahead of Earnings

Published on Wednesday, 18 January 2012 11:16 Written by Christopher Lynn

New York, January 18th (TradersHuddle.com) - Shares of Consolidated Edison, Inc. (NYSE:ED) are trading lower by -0.24% ahead of its quarterly earnings release. Consolidated Edison, the New York based electricity provider is expected to release its quarterly results on January 19^th.

Wall Street Analysts consensus calls for a profit of $0.71 a share on $3.45 billion revenue.

Consolidated Edison estimates have a range of $0.09 a share. The high estimate calls for profit of $0.74 a share and the low estimate is calling for a profit of $0.65 a share, a year ago for the quarter the company reported $0.69 a share.

Consolidated Edison, Inc. (NYSE:ED), through its subsidiaries, provides a variety of energy related services. The Company supplies electric service in New York, parts of New Jersey, and Pennsylvania as well as supplies electricity to wholesale customers.

Other companies on the watch on this earnings event are Northeast Utilities NYSE:NU and CMS Energy Corporation NYSE:CMS.