S&P 500 (NYSE:SPY) component Edison International (NYSE:EIX) will unveil its latest earnings on Thursday, August 4, 2011. Through its subsidiaries, Edison International generates and distributes electric power and invests in infrastructure and energy assets, including renewable energy. Hawaiian Electric Industries, Inc. Second Quarter Earnings Sneak Peek>>
Edison International Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for profit of 49 cents per share, a decline of 21% 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 50 cents. Between one and three months ago, the average estimate moved down, but has risen from 45 cents during the last month. For the year, analysts are projecting net income of $2.78 per share, a decline of 19.7% from last year.
Past Earnings Performance: The company met estimates last quarter after beating the forecasts in the prior two. In the first quarter, the company reported profit of 62 cents per share versus a mean estimate of net income of 62 cents per share. In the fourth quarter of the last fiscal year, the company beat estimates by 3 cents.
Wall St. Revenue Expectations: On average, analysts predict $3.02 billion in revenue this quarter, a rise of 10.2% from the year ago quarter. Analysts are forecasting total revenue of $12.63 billion for the year, a rise of 1.8% from last year’s revenue of $12.41 billion.
Analyst Ratings: Analysts are bullish on Edison International as seven analysts rate it as a buy, one rates it as a sell and eight rate it as a hold.
A year-over-year revenue decrease in the first quarter snaps a streak of two consecutive quarters of revenue increases. Revenue fell 1% in the first quarter and rose 0.6% in the fourth quarter of the last fiscal year and 3.4% in the third quarter of the last fiscal year.
Competitors to Watch: PG&E Corporation (NYSE:PCG), Pinnacle West Capital Corp. (NYSE:PNW), UniSource Energy Corp. (NYSE:UNS), NV Energy, Inc. (NYSE:NVE), Portland General Electric Co. (NYSE:POR), PNM Resources, Inc. (NYSE:PNM), Constellation Energy Group, Inc. (NYSE:CEG), FirstEnergy Corp. (NYSE:FE), Hawaiian Electric Industries, Inc. (NYSE:HE), and Sempra Energy (NYSE:SRE).
Stock Price Performance: During July 25, 2011 to July 29, 2011, the stock price had dropped $1.12 (-2.9%) from $39.19 to $38.07. The stock price saw one of its best stretches over the last year between March 16, 2011 and March 24, 2011 when shares rose for seven-straight days, rising 3.5% (+$1.23) over that span. It saw one of its worst periods between July 22, 2011 and July 29, 2011 when shares fell for six-straight days, falling 3% (-$1.16) over that span. Shares are up 13 cents (+0.3%) year to date.
(Source: Xignite Financials)