Consolidated Edison Inc. ED is scheduled to release second-quarter 2021 results on Aug 5, after market close. In the last reported quarter, the company delivered an earnings surprise of 5.15%.Consolidated Edison came up with a four-quarter average earnings surprise of 4.61%.Let’s discuss the factors that are likely to get reflected in the upcoming quarterly results.Factors to ConsiderFor the first two months of the second quarter, majority of Consolidated Edison’s service territories witnessed warmer-than-normal temperature, accompanied by severe drought condition. In June, major parts of the company’s operational regions witnessed heavy rainfall. This reflects more or less favorable weather pattern, in terms of electricity demand, to have prevailed during the second quarter, which in turn must have contributed favorably to the company’s quarterly revenue growth.The Zacks Consensus Estimate for second-quarter revenues is pegged at $2.82 billion, which indicates 3.9% increase from the year-ago quarter’s reported figure.Some parts of Consolidated Edison’s service territories suffered from flash flood, accompanied with heavy rainfall, at the end of the second quarter, which might have damaged some of this utility’s properties, thereby hampering smooth electricity flow and pushing up expenses for restoration work. This might have had an adverse impact on its quarterly earnings performance.Nevertheless, electric and gas base rate increases in January 2021 under the company's rate plans are projected to have contributed favorably to its bottom line in the soon-to-be-reported quarter.The Zacks Consensus Estimate for second-quarter earnings is pegged at 62 cents per share, indicating a 3.3% increase from the year-ago quarter’s reported figure.Earnings WhispersOur proven model predicts an earnings beat for Consolidated Edison this time around. 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.Earnings ESP: Consolidated Edison has an Earnings ESP of +1.74%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.Zacks Rank: The company currently carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.Other Stocks to ConsiderHere are some other players from the Utilities sector with the right combination of elements to post an earnings beat in the to-be-reported quarter.CenterPoint Energy CNP has an Earnings ESP of +0.68% and holds a Zacks Rank #3.Duke Energy DUK has an Earnings ESP of +0.15% and carries a Zacks Rank #3.Telephone and Data Systems TDS has an Earnings ESP of +6.33% and sports a Zacks Rank #1. 5 Stocks Set to Double Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. 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 Duke Energy Corporation (DUK): Free Stock Analysis Report Consolidated Edison Inc (ED): Free Stock Analysis Report CenterPoint Energy, Inc. (CNP): Free Stock Analysis Report Telephone and Data Systems, Inc. (TDS): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research