Consolidated Edison Inc. ED is scheduled to release second-quarter 2022 results on Aug 4 after market close.In the last reported quarter, the company delivered a negative earnings surprise of 2.65%. Consolidated Edison came up with a four-quarter average negative earnings surprise of 0.57%.Let’s discuss the factors that are likely to get reflected in upcoming quarterly results.Factors to ConsiderIn May and June, ED’s service territories witnessed warmer-than-normal temperatures. This, in turn, is likely to have boosted the electricity demand for cooling purposes among the company’s customers. Such weather patterns are expected to have contributed to the company’s second-quarter revenues.However, in July, Consolidated Edison’s service territories experienced a flood-like condition, which may have disrupted the smooth flow of electricity and caused power outages for a few of its customers. This might have dampened the revenues of the company in the soon-to-be-reported quarter.The Zacks Consensus Estimate for second-quarter revenues is pegged at $3.14 billion, indicating a 5.5% rise from the year-ago quarter’s reported figure.The aforementioned flooding condition in its service territories might have caused infrastructural damage, thus increasing the company’s operating expenses. This, in turn, is likely to have weighed on its bottom line in the to-be-reported quarter. However, favorable revenues might have boosted overall earnings.The Zacks Consensus Estimate for ED’s second-quarter earnings is pegged at 58 cents per share, suggesting a 9.4% increase from the year-ago quarter’s reported figure.Consolidated Edison Inc Price and EPS Surprise Consolidated Edison Inc price-eps-surprise | Consolidated Edison Inc QuoteWhat the Zacks Model UnveilsOur proven model predicts an earnings beat for Consolidated Edison this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat, which is the case here as you will see below.Earnings ESP: The company’s Earnings ESP is +1.15%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.Zacks Rank: Consolidated Edison has a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.Other Stocks to ConsiderHere are three Utilitiesyou may want to consider as these also have the right combination of elements to post an earnings beat this season:WEC Energy Group WEC has an Earnings ESP of +0.08% and a Zacks Rank #2. The Zacks Consensus Estimate for WEC Energy’s second-quarter earnings is pegged at 86 cents per share, suggesting a decline of 1.2% from the year-ago quarter.The Zacks Consensus Estimate for WEC’s second-quarter sales is pegged at $1.74 billion, indicating growth of 3.9% from the prior-year reported figure.Atmos Energy Corporation ATO has an Earnings ESP of +1.35% and a Zacks Rank #2. The Zacks Consensus Estimate for Atmos Energy’s second-quarter earnings is pegged at 86 cents per share, suggesting growth of 10.3% from the year-ago quarter.The Zacks Consensus Estimate for ATO’s second-quarter sales is pegged at $757.7 million, indicating growth of 25.1% from the prior-year reported figure.Entergy ETR has an Earnings ESP of +0.35% and a Zacks Rank #3. The Zacks Consensus Estimate for Entergy’s second-quarter earnings is pegged at $1.42 per share, suggesting growth of 5.9% from the year-ago quarter.The Zacks Consensus Estimate for ETR’s second-quarter sales is pegged at $2.88 billion, implying growth of 2% from the prior-year reported figure.Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Just Released: Zacks Top 10 Stocks for 2022 In addition to the investment ideas discussed above, would you like to know about our 10 top picks for the entirety of 2022? From inception in 2012 through 2021, the Zacks Top 10 Stocks portfolios gained an impressive +1,001.2% versus the S&P 500’s +348.7%. Now our Director of Research has combed through 4,000 companies covered by the Zacks Rank and has handpicked the best 10 tickers to buy and hold. Don’t miss your chance to get in…because the sooner you do, the more upside you stand to grab.See Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Entergy Corporation (ETR): Free Stock Analysis Report Consolidated Edison Inc (ED): Free Stock Analysis Report WEC Energy Group, Inc. (WEC): Free Stock Analysis Report Atmos Energy Corporation (ATO): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research