Edison International 2Q Highlights
- Core EPS: $1.23, up from $1.01 year-over-year (y/y), beating the estimate of $1.07.
- Operating Revenue: $4.34 billion, up 9.4% y/y, surpassing the estimate of $4.21 billion.
- Operating Expenses: $3.44 billion, up 6% y/y, but higher than the estimate of $3.25 billion (2 estimates).
- Operating Income: $900 million, up 24% y/y, below the estimate of $998.4 million (2 estimates).
- CEO Comments: Pedro J. Pizarro, president and CEO, reaffirmed the 2024 core EPS guidance of $4.75 to $5.05.
- Long-Term Growth: Reiterated core EPS growth rate targets of 5%-7% for 2021-2025 and 5%-7% for 2025-2028.
- 2025 General Rate Case: Confidence in achieving a strong outcome for customers based on progress and partial settlements.
- Analyst Ratings: 10 buys, 8 holds, 1 sell.
Edison International on Smartkarma
Analysts at Baptista Research on Smartkarma have recently initiated coverage on Edison International, providing insights into the company’s competitive advantage in their domain and identifying major drivers for growth. The research report highlights Edison International‘s solid performance in the first quarter of 2024, with a core EPS of $1.13 and a reaffirmed 2024 core EPS guidance range of $4.70 to $5.05. This strong start to the year underscores the company’s robust operational strategy and ongoing investments in infrastructure and safety measures, particularly in response to the continued threat of wildfires in their service areas.
A look at Edison International Smart Scores
Factor | Score | Magnitude |
---|---|---|
Value | 3 | |
Dividend | 4 | |
Growth | 3 | |
Resilience | 2 | |
Momentum | 4 | |
OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Edison International, a global electricity generation company, presents a mixed outlook according to Smartkarma’s Smart Scores. With a solid dividend score of 4 and strong momentum score of 4, the company shows promise in terms of investor payouts and market performance. However, Edison International‘s value and growth scores at 3 each suggest a moderate position in terms of valuation and expansion potential. Furthermore, a resilience score of 2 indicates a lower level of financial stability and adaptability in challenging market conditions.
Overall, Edison International offers a reliable dividend income for investors and has shown robust market momentum. However, its value, growth, and resilience scores suggest a need for careful consideration of the company’s long-term performance and stability. Investors may need to closely monitor how the company navigates challenges and capitalizes on growth opportunities in the evolving energy sector to maximize returns.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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