Edison International (NYSE:EIX) is set to announce second quarter earning results on Tuesday 28th July 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, EIX to report 2Q20 income of $ 1.11 per share.
For the full year, analysts anticipate top line of $ 13019.80 million, while looking forward to income of $ 4.42 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 4.32 ~ $ 4.62 per share
Click Here For More Historical Outlooks Of Edison International
Previous Quarter Performance
Edison International posted income for the first quarter of $ 0.63 per share, from the revenue of $ 2,790.00 million. The quarterly earnings gained 111.29 percent while revenues compared with the same quarter last year.
According to street consensus, EIX was expected to report 1Q20 income of $ 0.80 per share from revenue of $ 3,100.00 million. The bottom line results missed street analysts by $ 0.17 or 21.25 percent, at the same time, top line results fell short of analysts by $ 310 million or 10 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of EIX was $ 53.16, representing a 21.84 % increase from the 52 week low of $ 43.63 and a 32.65 % decrease over the 52 week high of $ 78.93.
The company has a market capital of $ 20.09 billion and is part of the Utilities sector and Utilities – Regulated Electric industry.
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Recent Analyst recommendations
- On 17th June 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 66.00 target price.
- On 15th June 2020, initiated by Seaport Global Securities at Buy rating, with $ 70.00 target price.
Conference Call
Edison International will be hosting a conference call at 4:30 PM eastern time on 28th July 2020, to discuss its 2Q20 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.
