Consolidated Edison (NYS: ED) reported earnings on Feb. 1. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Consolidated Edison whiffed on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue contracted slightly and GAAP earnings per share grew.
Margins grew across the board.
Consolidated Edison recorded revenue of $2.90 billion. The four analysts polled by S&P Capital IQ predicted revenue of $3.35 billion on the same basis. GAAP reported sales were 2.2% lower than the prior-year quarter's $2.97 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.69. The 13 earnings estimates compiled by S&P Capital IQ averaged $0.73 per share. GAAP EPS of $0.70 for Q4 were 7.7% higher than the prior-year quarter's $0.65 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 40.1%, 160 basis points better than the prior-year quarter. Operating margin was 15.6%, 20 basis points better than the prior-year quarter. Net margin was 7.1%, 70 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $3.45 billion. On the bottom line, the average EPS estimate is $1.03.
Next year's average estimate for revenue is $13.43 billion. The average EPS estimate is $3.83.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 637 members out of 670 rating the stock outperform, and 33 members rating it underperform. Among 207 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 198 give Consolidated Edison a green thumbs-up, and nine give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Consolidated Edison is hold, with an average price target of $58.38.
Looking for alternatives to Consolidated Edison? It takes more than great companies to build a fortune for the future. Learn the basic financial habits of millionaires next door and get focused stock ideas in our free report, "3 Stocks That Will Help You Retire Rich." Click here for instant access to this free report.
Add Consolidated Edison to My Watchlist.
The article Consolidated Edison Whiffs on Revenues originally appeared on Fool.com.
Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.