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Edison International (EIX) Q4 Earnings Beat, Revenues Fall Y/Y
Zacks Investment Research· 2024-02-23 14:51
Edison International (EIX) reported fourth-quarter 2023 adjusted earnings of $1.28 per share, which surpassed the Zacks Consensus Estimate of $1.22 by 4.9%. The bottom line also increased 11.3% from $1.15 in the year-ago quarter.The company recorded GAAP earnings per share of 99 cents compared with $1.09 in the fourth quarter of 2022.For 2023, EIX reported adjusted earnings of $4.76 per share, which surpassed the Zacks Consensus Estimate of $4.67 by 1.9%. The bottom line also increased 2.8% from $4.63 in 20 ...
Edison International(EIX) - 2023 Q4 - Earnings Call Transcript
2024-02-23 01:54
Edison International (NYSE:EIX) Q4 2023 Earnings Conference Call February 22, 2024 4:30 PM ET Company Participants Sam Ramraj - Vice President of Investor Relations Pedro Pizarro - President, CEO & Director Maria Rigatti - Executive VP & CFO Conference Call Participants Shar Pourreza - Guggenheim Partners Steve Fleishman - Wolfe Research Nick Campanella - Barclays Anthony Crowdell - Mizuho Securities Michael Lonegan - Evercore ISI Ryan Levine - Citi Angie Storozynski - Seaport Jeremy Tonet - JPMorgan Gregg ...
Edison International (EIX) Q4 Earnings Surpass Estimates
Zacks Investment Research· 2024-02-22 23:20
Edison International (EIX) came out with quarterly earnings of $1.28 per share, beating the Zacks Consensus Estimate of $1.22 per share. This compares to earnings of $1.14 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.92%. A quarter ago, it was expected that this electric power provider would post earnings of $1.46 per share when it actually produced earnings of $1.38, delivering a surprise of -5.48%.Over the last four qua ...
Edison International(EIX) - 2023 Q4 - Earnings Call Presentation
2024-02-22 21:43
SCE has waiver from CPUC, allowing exclusion with respect to certain current and future charges to equity and associated debt for calculating SCE's regulatory equity ratio – Waiver approved through August 2025 (with ability to seek additional extension via application) or until CPUC makes a final determination on cost recovery for 2017/2018 Wildfire/Mudslide Events Intervenors' prepared direct testimony due February 29; SCE rebuttal testimony due April 15 20 consecutive years of dividend growth ~4% current ...
Edison International, Southern California Edison Declare Dividends
Businesswire· 2024-02-22 21:15
ROSEMEAD, Calif.--(BUSINESS WIRE)--The board of directors of Edison International (NYSE: EIX) today declared a quarterly common stock dividend of $0.78 per share, to be paid on April 30, 2024, to shareholders of record on March 28, 2024. The Edison International board of directors also declared the following dividends, payable on March 15, 2024, to holders of record on March 1, 2024: A semiannual dividend of $26.875 per share on the 5.375% Fixed-Rate Reset Cumulative Perpetual Preferred Stock, Series A ...
Edison International(EIX) - 2023 Q4 - Annual Report
2024-02-21 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to | Commission Exact Name of Registrant State or Other Jurisdiction of IRS Employer | | --- | | File Number as specified in its charter Incorporati ...
Edison International(EIX) - 2023 Q4 - Annual Results
2024-02-21 16:00
Exhibit 99.1 NEWS Investor Relations: Sam Ramraj, (626) 302-2540 Media Relations: (626) 302-2255 News@sce.com Edison International Reports Fourth-Quarter and Full-Year 2023 Results ROSEMEAD, Calif., Feb. 22, 2024 — Edison International (NYSE: EIX) today reported fourth-quarter net income of $378 million, or $0.99 per share, compared to net income of $415 million, or $1.09 per share, in the fourth quarter of last year. As adjusted, fourth-quarter core earnings were $490 million, or $1.28 per share, compared ...
What Awaits Edison International (EIX) in Q4 Earnings?
Zacks Investment Research· 2024-02-20 14:01
Edison International (EIX) is slated to report fourth-quarter and full-year 2023 results on Feb 22, after market close.EIX has a trailing four-quarter average earnings surprise of 3.37%.Factors to NoteIn the to-be-reported quarter, EIX’s service territories witnessed a warmer-than-normal weather pattern accompanied by below normal precipitation.  Such a weather pattern is likely to have increased the demand for electricity for cooling purposes, positively impacting the company’s overall revenues.Edison Inte ...
Edison International (EIX) Earnings Expected to Grow: Should You Buy?
Zacks Investment Research· 2024-02-15 16:07
Edison International (EIX) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on February 22, 2024, might help the stock move higher if these key numbers are b ...
Edison International(EIX) - 2023 Q3 - Earnings Call Presentation
2023-11-02 00:49
Statements contained in this presentation about future performance, including, without limitation, operating results, capital expenditures, rate base growth, dividend policy, financial outlook, and other statements that are not purely historical, are forward-looking statements. These forward-looking statements reflect our current expectations; however, such statements involve risks and uncertainties. Actual results could differ materially from current expectations. These forward-looking statements represent ...