Rosemead, California-based Edison International (EIX) is a leading electric utility holding company that delivers clean and reliable electricity to millions of customers. Valued at a market cap of $20.2 billion, the company also provides integrated decarbonization and energy solutions to commercial, industrial, and institutional clients through its non-regulated subsidiaries. It is scheduled to announce its fiscal Q2 earnings for 2025 after the market closes on Thursday, Jul. 31.
Prior to this event, analysts project this energy company to report a profit of $1.43 per share, up 17.2% from $1.22 per share in the year-ago quarter. The company has exceeded Wall Street’s bottom-line estimates in three of the last four quarters, while missing on another occasion. Its earnings of $1.37 per share in the previous quarter outpaced the consensus estimates by 13.2%.
For the full year, analysts expect EIX to report EPS of $6.06, up 22.9% from $4.93 in fiscal 2024. Furthermore, its EPS is expected to grow 1.3% year-over-year to $6.14 in fiscal 2026.
Shares of EIX have declined 26.8% over the past 52 weeks, considerably lagging behind both the S&P 500 Index's ($SPX) 13.4% return and the Utilities Select Sector SPDR Fund’s (XLU) 19.6% uptick over the same time frame.
EIX released its mixed Q1 earnings results on Apr. 29, and its shares plunged 8.9% in the following trading session. The company’s operating revenue declined 6.5% year-over-year to $3.8 billion, falling short of the consensus estimate by 7.7%. This top-line miss might have weighed on investor sentiment. However, on the brighter side, due to wildfire-related recoveries recorded in this quarter, its total operating expenses fell by 56.2% from the same period last year and led to a staggering 771% rise in its operating income to $2.1 billion. Moreover, its adjusted EPS of $1.37 rose 21.2% from the year-ago quarter and came in 13.2% above Wall Street estimates.
Wall Street analysts are moderately optimistic about EIX’s stock, with a "Moderate Buy" rating overall. Among 16 analysts covering the stock, 10 recommend "Strong Buy," five indicate "Hold," and one suggests a "Strong Sell” rating. The mean price target for EIX is $67.90, which indicates a 29.2% potential upside from the current levels.
