What Con Edison's Earnings Mean for Mutual Fund Investors (ED)

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Consolidated Edison

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What Con Edison's Earnings Mean for Mutual Fund Investors (ED)

Shauna O'Brien Feb 20, 2015



Inside ED’s Results


The company reported earnings of $81 million, or 28 cents per share, down from $234 million, or 79 cents per share, last year. Excluding special items, earnings were 58 cents per share – above analysts’ view of 55 cents per share.

Revenue
Revenue dipped 1% to $2.83 billion from $2.87 billion. Analysts expected to see revenue of $2.52 billion.

Outlook
Looking ahead to FY2015, the company expects EPS to be between $3.80 and $4.00. Analysts expect to see EPS of $3.93 per share.


The Chase for Yield


ED is currently trading at about 16x 2015 earnings estimates and has a dividend yield of 4.10%.


Mutual Funds to Watch



The Bottom Line


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