Edison International (NYSE: EIX) has reported a loss for its first fiscal quarter (ending March 31) of $-0.03 versus $0.81 for the same period a year ago — a decline of -104%. This result fell short of the consensus estimate of $1.20 by $-1.23. For the latest four quarters through March 31, E.P.S. were $2.27 versus $2.20 for the same period a year ago — an increase of 3%.
Recent Price Action
Edison International (NYSE: EIX) stock declined slightly by -0.4% on 4/30/24. The stock closed at $71.06. Moreover, this decline was accompanied by unusually high trading volume at 163% of normal. The stock has risen 0.6% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, EIX is expected to continue to be an important Value Builder.
Edison International has a current Value Trend Rating of C (Neutral). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Edison International has a slightly positive Appreciation Score of 66 and a neutral Power Rating of 41, triggering the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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