Edison International (EIX) came out with quarterly earnings of $1.37 per share, beating the Zacks Consensus Estimate of $1.21 per share. This compares to earnings of $1.13 per share a year ago.
Southern California Edison and Edison International preferreds are undervalued due to wildfire liability uncertainties, but offer upside as issues resolve. Liability for the LA wildfires is likely capped at $1B due to AB 1054, with the wildfire fund covering additional costs. SCE preferreds are structurally senior to EIX preferreds, offering safer investment options with attractive yields and potential for full recovery in bankruptcy.
Edison International (EIX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The utility sector could offer an attractive dividend yield amid rising recession fears. Utility operators face strong prospects in light of growing energy consumption and capital investment projects. Along the utilities select sector, a hot pick is delineated, providing the best combination amid some key financial fundamentals.
We have screened value stocks SMP, PRAA, MRC, ROCK and EIX based on the EV-to-EBITDA ratio, which gives the true picture of valuation and earnings potential.
Investors interested in Utility - Electric Power stocks are likely familiar with Edison International (EIX) and Iberdrola S.A. (IBDRY). But which of these two companies is the best option for those looking for undervalued stocks?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
Edison International President and CEO Pedro Pizarro discusses the current state of the investigation into the cause of the deadly Los Angeles wildfires on "Bloomberg The Close." Sign up for the Energy Daily newsletter, your guide to the energy and commodities markets that power the global economy, from journalists stationed around the world: Click Here -------- More on Bloomberg Television and Markets Like this video?
EIX's fourth-quarter revenues beat the Zacks Consensus Estimate by 4.9%. The top line also increases 7.5% from the year-ago level.
Edison International (NYSE:EIX ) Q4 2024 Earnings Conference Call February 27, 2025 4:30 PM ET Company Participants Sam Ramraj - VP, IR Pedro Pizarro - President, CEO & Director Maria Rigatti - EVP & CFO Steven Powell - President, CEO & Director, Southern California Edison Conference Call Participants Nick Campanella - Barclays Michael Lonegan - Evercore Paul Zimbardo - Jefferies Steve Fleishman - Wolfe Research Ryan Levine - Citi Shar Pourreza - Guggenheim Konstantin Lednev - Guggenheim Anthony Crowdell - Mizuho Richard Sunderland - JPMorgan Carly Davenport - Goldman Sachs David Arcaro - Morgan Stanley Operator Good afternoon, and welcome to the Edison International Fourth Quarter 2024 Financial Teleconference. My name is Michelle, and I will be your operator today.