Edison International’s Upcoming Third Quarter Earnings Release

S&P 500 (NYSE:SPY) component Edison International (NYSE:EIX) will unveil its latest earnings on Wednesday, November 2, 2011. 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 net income of $1.27 per share, a decline of 13% 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 $1.31. Between one and three months ago, the average estimate moved down. It also has dropped from $1.30 during the last month. Analysts are projecting profit to rise by 18.5% versus last year to $2.82.

Past Earnings Performance: Last quarter, the company topped estimates by 0 cents, coming in at profit of 54 cents per share against a mean estimate of net income of 51 cents. The company fell in line with estimates in the first quarter.

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Wall St. Revenue Expectations: On average, analysts predict $4.28 billion in revenue this quarter, a rise of 12.9% from the year ago quarter. Analysts are forecasting total revenue of $12.69 billion for the year, a rise of 2.3% from last year’s revenue of $12.41 billion.

Analyst Ratings: Analysts are bullish on this stock with nine analysts rating it as a buy, none rating it as a sell and five rating it as a hold. Over the past 90 days, the average rating for the stock has moved up from hold to moderate buy.

A Look Back: In the second quarter, profit fell 44.5% to $191 million (54 cents a share) from $344 million ($1.05 a share) the year earlier, but exceeded analyst expectations. Revenue rose 8.8% to $2.98 billion from $2.74 billion.

Key Stats:

The company has seen net income fall in each of the last two quarters. Net income dropped 9.3% in the first quarter.

Revenue rose in the second quarter after seeing a drop the quarter before. In the first quarter, revenue fell 1%.

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 August 3, 2011 to October 27, 2011, the stock price had risen $4.73 (12.9%) from $36.57 to $41.30. 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 3.6% (+$1.23) 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, falling 10.7% (-$4.15) over that span. Shares are up $3.68 (+9.8%) year to date.

(Source: Xignite Financials)

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