For its third fiscal quarter (ending September 30), Edison International (NYSE: EIX) has reported a 232% increase in E.P.S. from $0.40 a year ago to $1.33 in the current quarter. E.P.S. were $3.43 for the latest four quarters through September 30 versus $3.23 for the same period a year ago — an increase of 6%.
Recent Price Action
On 10/29/24, Edison International (NYSE: EIX) stock declined modestly by -1.6%, closing at $83.14. Moreover, trading volume in this decline was above average at 128% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -1.7% during the last week.
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 A (Highest Rating). This rating combines complementary signals from two proprietary PTR measures of a stock’s attractiveness. Edison International has a slightly positive Appreciation Score of 63 and a very high Power Rating of 91, resulting in the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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