Edison International Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Edison International (NYSE:EIX) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$5.20b (up 11% from 3Q 2023).
• Net income: US$516.0m (up 233% from 3Q 2023).
• Profit margin: 9.9% (up from 3.3% in 3Q 2023).
• EPS: US$1.33 (up from US$0.41 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Edison International Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 3.8%. Earnings per share (EPS) missed analyst estimates by 6.7%.

Looking ahead, revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Electric Utilities industry in the US.

Performance of the American Electric Utilities industry.

The company's shares are down 3.2% from a week ago.

Risk Analysis

Before you take the next step you should know about the 3 warning signs for Edison International (1 doesn't sit too well with us!) that we have uncovered.

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