Overview
Edison International Q3 core EPS of $2.34 beats analyst expectations
Company reports Q3 net income of $832 mln, up from $516 mln last year
Edison narrows 2025 core EPS guidance to $5.95-$6.20
Outlook
Company narrows 2025 core EPS guidance to $5.95-$6.20
Edison International expects 5-7% core EPS growth from 2025-28
Company anticipates legislative action on climate-driven disaster risks next year
Result Drivers
REGULATORY DECISIONS - Higher revenue attributed to CPUC's approval of SCE's 2025 General Rate Case, which endorsed 91% of proposed capital investments
LEGISLATIVE SUPPORT - Passage of SB 254 supports IOU financial stability and evaluates reforms for climate-driven disaster costs
WILDFIRE FUND ACCESS - Eaton Fire confirmed as a 'covered wildfire,' enabling access to Wildfire Fund for cost recovery
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Core EPS | Beat | $2.34 | $2.17 (9 Analysts) |
Q3 EPS | $2.16 | ||
Q3 Adjusted Net Income | Beat | $901 mln | $757.90 mln (4 Analysts) |
Q3 Net Income | $832 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 6 "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the electric utilities peer group is "buy"
Wall Street's median 12-month price target for Edison International is $66.00, about 13.8% above its October 27 closing price of $56.91
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 8 three months ago
Press Release: ID:nBwbjJ9s9a
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)