Consolidated Edison Inc. ED reported third-quarter 2020 adjusted earnings of $1.48 per share, which missed the Zacks Consensus Estimate of $1.51 by 2%. The reported figure also deteriorated 3.9% from the prior-year quarter’s adjusted earnings of $1.54.Barring one-time adjustments, the company posted GAAP earnings of $1.47 per share, reflecting.5% year-over-year growth.Total RevenuesIn the reported quarter, the company’s total revenues of $3,333 million missed the Zacks Consensus Estimate of $3,389 million by 1.7%. Moreover, the top line slipped 1% from $3,365 million in the year-ago quarter.Consolidated Edison Inc Price, Consensus and EPS Surprise Consolidated Edison Inc price-consensus-eps-surprise-chart | Consolidated Edison Inc Quote Electric revenues totaled $2,770 million in the third quarter, down 0.7% from the prior-year quarter’s $2,753 million. Gas revenues declined 5.6% to $289 million.Moreover, steam revenues declined 12.1% to $51 million. Meanwhile, non-utility revenues amounted to $223 million, falling 10.1% from $248 million in the year-earlier quarter.Operating StatisticsTotal operating expenses in the third quarter dropped 1% year over year to $2,473 million.Depreciation and amortization, purchased power and taxes other than income taxes grew 14.5%, 4.1% and 8.9%, respectively, from the prior-year quarter’s numbers.However, other operations and maintenance, fuel, and gas purchased for resale declined 13.1%, 22.6% and 43.9% year over year, respectively.FinancialsCash and temporary cash investments as of Sep 30, 2020 totaled $153 million compared with $981 million as of Dec 31, 2019.Long-term debt was $19,206 million as of Sep 30, 2020, compared with $18,527 million at 2019-end.At the end of the third quarter, cash from operating activities amounted to $959 million compared with $1,490 million a year ago.2020 GuidanceFor 2020, the company narrowed down its earnings guidance. Consolidated Edison currently expects to generate adjusted earnings per share in the range of $4.15-$4.30, compared with the prior guidance range of $4.15-$4.35.The Zacks Consensus Estimate for full-year earnings, pegged at $4.23, is in line with the midpoint of the company’s guidance.Zacks RankConsolidated Edison carries a Zacks Rank #4 (Sell).You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Other Utility ReleasesSempra Energy’s SRE third-quarter 2020 adjusted earnings per share (EPS) came in at $1.31, which missed the Zacks Consensus Estimate of $1.47 by 10.9%.Entergy ETR reported third-quarter 2020 adjusted earnings of $2.44 per share, which surpassed the Zacks Consensus Estimate of $2.42 by 0.8%.American Electric Power AEP reported third-quarter 2020 adjusted earnings per share of $1.47, which beat the Zacks Consensus Estimate of $1.46 by 0.7%.5 Stocks Set to DoubleEach was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >> 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 Sempra Energy (SRE): Free Stock Analysis Report Entergy Corporation (ETR): Free Stock Analysis Report American Electric Power Company, Inc. (AEP): Free Stock Analysis Report Consolidated Edison Inc (ED): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research