Edison International First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Edison International (NYSE:EIX) will unveil its latest earnings on Wednesday, May 2, 2012. Through its subsidiaries, Edison International generates and distributes electric power and invests in infrastructure and energy assets, including renewable energy.

Edison International Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for net income of 46 cents per share, a decline of 25.8% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from 43 cents. Between one and three months ago, the average estimate moved up. It has dropped from 50 cents during the last month. Analysts are projecting profit to rise by 26.1% versus last year to $2.38.

Past Earnings Performance: The company’s quarterly results have come in above estimates for the last three quarters. Last quarter, the company booked profit of 75 cents per share versus a mean estimate of net income of 45 cents per share.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 9.7% in revenue from the year-earlier quarter to $3.05 billion.

Analyst Ratings: Analysts are high on the stock, with 10 analysts rating it as a buy, none rating it as a sell and four rating it as a hold.

A Look Back: In the fourth quarter of the last fiscal year, the company swung to a loss of $823 million ($2.56 a share) from a profit of $218 million (51 cents) a year earlier, but beat analyst expectations. Revenue fell 1.8% to $3.01 billion from $3.07 billion.

Key Stats:

On the top line, the company is looking to get back on the right track after last quarter’s drop snapped a string of revenue increases. Revenue rose 5.1% in the third quarter of the last fiscal year and 8.8% in the second quarter of the last fiscal year before falling in the fourth quarter of the last fiscal year.

Stock Price Performance: Between January 31, 2012 and April 26, 2012, the stock price rose $2.92 (7.2%), from $40.73 to $43.65. The stock price saw one of its best stretches over the last year between December 19, 2011 and December 29, 2011, when shares rose for eight straight days, increasing 7.4% (+$2.83) over that span. It saw one of its worst periods between July 22, 2011 and August 4, 2011 when shares fell for 10 straight days, dropping 10.7% (-$4.08) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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