EIX Earnings Prediction
The chart below shows how EIX performed 10 days before and after its earnings report, based on data from the past quarters. Typically, EIX sees a -0.84% change in stock price 10 days leading up to the earnings, and a +1.54% change 10 days following the report. On the earnings day itself, the stock moves by +0.01%. This data can give you a slight idea of what to expect for the next quarter's release.
EIX Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
5.20B
10.61%
19.95%
Gross Margin
49.86%
14.41%
-9.01%
Operating Margin
19.84%
-9.24%
-8.19%
Net Margin
11.09%
145.90%
-5.54%
EPS
1.32
230.00%
16.81%
No Data Available
EIX Earnings Analysis
Edison International Corporation (EIX.N) Earnings Conference Call
Positive
Core Earnings Per Share: Edison International's core earnings per share for the third quarter 2024 was $1.51, bringing year-to-date core EPS to $3.88.
2024 EPS Guidance Update: The company is confident in narrowing its 2024 core EPS guidance to $4.80 to $5.00, reflecting strong year-to-date performance.
EPS Growth Outlook: Edison International expects to deliver a 5% to 7% EPS CAGR through 2028, supported by solid operational performance and strategic initiatives.
Operational Resilience Success: The company has achieved remarkable success in managing unprecedented external risks over the last years, enhancing operational resilience.
Net Zero Commitment: Edison International reaffirmed its commitment to reaching net zero greenhouse gas emissions by 2045, which is a core pillar of its climate-related risk management.
Negative
Core EPS Performance Update: Edison International's core earnings per share for third quarter 2024 was $1.51, bringing year-to-date core EPS to $3.88, which is lower than expected guidance of $4.80 to $5.00 for 2024.
Core Earnings Growth Slowdown: The company reported a year-over-year quarterly variance in core earnings growth of only $0.13, indicating a slowdown in growth compared to previous quarters.
Increased Operating Expenses: Operating expenses increased significantly, driven by higher interest expenses associated with debt for wildfire claims payments, impacting overall profitability.
Net Zero Commitment Challenges: The company reaffirmed its net zero commitment by 2045, which may require substantial investments and could strain financial resources in the near term.
Regulatory Approval Risks: Edison International's reliance on regulatory approvals for capital investments poses risks, as delays or unfavorable decisions could adversely affect financial performance.
EIX FAQs
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EIX Earning Call Sentiment
Edison International (EIX) Q3 2024 Earnings Conference Call Transcript
EIX.N
0.52%Positive
The earnings call highlights strong financial performance with EPS growth, cash flow recovery, and optimistic guidance. The TKM settlement adds incremental EPS, and sustainability initiatives align with California's goals. The Q&A section reveals a positive sentiment towards load growth and CapEx flexibility, despite some vagueness on ROE changes. The shareholder return plan through securitization strengthens financial health. Overall, these factors suggest a positive outlook for the stock price.
