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Edison International (EIX)
NYSE:EIX
Holding EIX?
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.08Last Year’s EPS
$1.28Same Quarter Last Year
Moderate Buy
Based on 11 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 29, 2024
|% Change Since: -4.35%
|Next Earnings Date:Feb 20, 2025
Earnings Call Sentiment|Neutral
Edison International reported strong financial performance and regulatory successes, particularly in wildfire mitigation and achieving regulatory settlements. However, challenges remain with regulatory decisions affecting cost of capital and ongoing wildfire claim expenses. The sentiment is balanced with a focus on future growth and commitment to net zero emissions.Company Guidance
During Edison International's third-quarter 2024 earnings call, Pedro Pizarro, the President and CEO, provided updated financial guidance and key performance metrics. The company reported a core earnings per share (EPS) of $1.51 for the third quarter, bringing the year-to-date core EPS to $3.88. Based on this performance, Edison International narrowed its 2024 core EPS guidance to a range of $4.80 to $5. Additionally, the company maintained its confidence in achieving its 2025 EPS guidance and a 5% to 7% EPS compound annual growth rate (CAGR) through 2028. The call also highlighted Southern California Edison's (SCE) success in navigating regulatory proceedings, including a settlement agreement that authorizes the recovery of 60% of the TKM wildfire costs, amounting to $1.6 billion. This outcome, along with anticipated regulatory decisions in the first half of 2025, is expected to solidify the financial outlook through 2028.Strong Financial Performance
Edison International's core earnings per share for the third quarter of 2024 was $1.51, bringing year-to-date core EPS to $3.88. The company narrowed its 2024 core EPS guidance to $4.80 to $5 and remains confident in its 2025 EPS guidance and a 5% to 7% EPS CAGR through 2028.
Regulatory Milestones
Edison reached a settlement agreement on the TKM cost recovery application, authorizing recovery of 60% of the costs or $1.6 billion. This settlement is a significant milestone and is expected to solidify the financial outlook through 2028.
Wildfire Mitigation Success
SCE has significantly reduced acres burned from ignitions in high fire risk areas since 2017, with no ignitions from the failure of covered conductors. More than 6,100 miles of covered conductor have been deployed, hardening 85% of its distribution grid.
Commitment to Net Zero
Edison International reaffirmed its commitment to reaching net zero greenhouse gas emissions by 2045, with a focus on delivering 100% carbon-free power to SCE's customers.
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EIX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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EIX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 29, 2024 | $83.14 | $83.24 | +0.12% |
| Jul 25, 2024 | $75.74 | $77.80 | +2.72% |
| Apr 30, 2024 | $69.66 | $69.87 | +0.30% |
| Feb 22, 2024 | $65.33 | $66.15 | +1.26% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Edison International (EIX) report earnings?
Edison International (EIX) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Edison International (EIX) earnings time?
Edison International (EIX) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is EIX EPS forecast?
EIX EPS forecast for the fiscal quarter 2024 (Q4) is $1.08.
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