Edison International (NYSE:EIX) is set to announce third quarter earning results on Tuesday 27th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, EIX to report 3Q20 income of $ 1.49 per share.
For the full year, analysts anticipate top line of $ 13040.10 million, while looking forward to income of $ 4.44 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 4.37 ~ $ 4.62 per share
Click Here For More Historical Outlooks Of Edison International
Previous Quarter Performance
Edison International recorded income for the second quarter of $ 1.00 per share, from the revenue of $ 2,987.00 million. The quarterly earnings dropped 36.71 percent while revenues up 6.22 percent compared with the same quarter last year.
The consensus estimates are income of $ 1.11 per share from $ 3010.57 million in revenue. The bottom line results missed street analysts by $ 0.11 or 9.91 percent, at the same time, top line results fell short of analysts by $ 23.57 million or 0.78 percent.
Stock Performance
Shares of Edison International traded up $ 0.60 or 1.00 percent on Friday, reaching $ 60.49 with volume of 1.79 million shares. Edison International has traded high as $ 60.86 and has cracked $ 60.03 on the downward trend
According to the previous trading day, closing price of $ 60.49, representing a 37.27 % increase from the 52 week low of $ 43.63 and a 24.12 % decrease over the 52 week high of $ 78.93.
The company has a market capital of $ 22.88 billion and is part of the Utilities sector and Utilities – Regulated Electric industry.
Recent Analyst recommendations
- On 19th October 2020, maintained by KeyBanc at Overweight rating, with $ 68.00 target price.
- On 5th October 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 69.00 target price.
- On 25th September 2020, maintained by Mizuho at Buy rating, with $ 63.00 target price.
- On 18th September 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 72.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.6375 per share on August 27, 2020. The dividend were payable on October 31, 2020 to holders of record as of the close of business on September 30, 2020 and ex-dividend date on September 29, 2020.
Conference Call
Edison International will be hosting a conference call at 4:30 PM eastern time on 27th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.edison.com
Edison International, through its subsidiaries, engages in the generation, transmission, and distribution of electricity in the United States. It generates electricity through hydroelectric, diesel/liquid petroleum gas, natural gas, nuclear, and photovoltaic sources. The company supplies electricity primarily to residential, commercial, industrial, agricultural, and other customers, as well as public authorities through transmission and distribution networks.
