Edison International Earnings: Everything You Must Know Now

Edison International (NYSE:EIX) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

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Edison International Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 42.59% to $0.77 in the quarter versus EPS of $0.54 in the year-earlier quarter.

Revenue: Decreased 7.84% to $2.63 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Edison International reported adjusted EPS income of $0.77 per share. By that measure, the company beat the mean analyst estimate of $0.66. It beat the average revenue estimate of $2.36 billion.

Quoting Management: “We’re off to a strong start in the first quarter, with earnings consistent with our full-year guidance,” said Ted Craver, chairman and chief executive officer of Edison International. “Southern California Edison continues to make substantial investments in infrastructure improvements supporting state policy objectives.”

Key Stats (on next page)…

Revenue increased 27.64% from $2.06 billion in the previous quarter. EPS decreased 56.98% from $1.79 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.59 to a profit $0.63. For the current year, the average estimate has moved up from a profit of $3.28 to a profit of $3.50 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)