For its second fiscal quarter (ending June 30), Edison International (NYSE: EIX) has reported a 24% increase in E.P.S. from $0.92 a year ago to $1.14 in the current quarter. This result exceeded the consensus estimate of $1.05 by $0.09. E.P.S. were $2.49 for the latest four quarters through June 30 versus $2.49 for the same period a year ago — flat performance.
Recent Price Action
Edison International (NYSE: EIX) stock rose modestly by 0.5% on 7/25/24. The stock closed at $76.43. NORMAL trading volume accompanied the advance. The stock has risen 1.4% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are 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 B (Positive). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Edison International has a slightly positive Power Rating of 62 and a slightly positive Appreciation Score of 67, with the Positive Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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