Edison International Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Edison International (NYSE:EIX) will unveil its latest earnings on Wednesday, February 29, 2012. Through its subsidiaries, Edison International generates and distributes electric power and invests in infrastructure and energy assets, including renewable energy.

Edison International Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 45 cents per share, a decline of 22.4% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 46 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 45 cents during the last month. For the year, analysts are projecting net income of $2.91 per share, a decline of 15.9% from last year.

Past Earnings Performance: The company has beaten estimates the last two quarters and is coming off a quarter where it topped the forecasts by 6 cents, reporting profit of $1.31 per share against a mean estimate of net income of $1.25. In the second quarter, the company exceeded forecasts by 3 cents with profit of 54 cents versus a mean estimate of net income of 51 cents.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 3.6% in revenue from the year-earlier quarter to $3.18 billion.

Analyst Ratings: Analysts are bullish on this stock, with nine analysts rating it as a buy, none rating it as a sell and six rating it as a hold.

A Look Back: In the third quarter, profit fell 13.5% to $441 million ($1.30 a share) from $510 million ($1.56 a share) the year earlier, but exceeded analyst expectations. Revenue rose 5.1% to $3.98 billion from $3.79 billion.

Key Stats:

For three straight quarters, the company has experienced declining net income. Net income fell 44.5% in the second quarter and 9.3% in the first quarter.

The company’s revenue has increased for two consecutive quarters. In the second quarter, the figure rose 8.8%.

Stock Price Performance: Between November 25, 2011 and February 23, 2012, the stock price rose $4.35 (11.6%), from $37.55 to $41.90. The stock price saw one of its best stretches over the last year between December 19, 2011 and December 29, 2011, when shares rose for eight straight days, increasing 7.4% (+$2.85) over that span. It saw one of its worst periods between July 22, 2011 and August 4, 2011 when shares fell for 10 straight days, dropping 10.7% (-$4.11) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com