Edison International reports results for the quarter ended March 31 - Earnings Summary

• Edison International EIX.N reported quarterly adjusted earnings of $1.37​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $1.13. The mean expectation of twelve analysts for the quarter was for earnings of $1.20 per share. Wall Street expected results to range from $1.00 to $1.35 per share.

• Revenue fell 6.5% to $3.81 billion from a year ago; analysts expected $4.26 billion.

• Edison International's reported EPS for the quarter was $3.72​.

• The company reported quarterly net income of $1.44 billion.

• Edison International shares had fallen by 1.0% this quarter and lost 26.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 2.9% in the last three months.​

• In the last 30 days, six analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy," 5 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the electric utilities peer group is also "buy"

• Wall Street's median 12-month price target for Edison International is $69.00

This summary was machine generated from LSEG data April 30 at 12:00 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)