Core Viewpoint - Edison International (EIX) is positioned well to potentially beat earnings estimates in its upcoming quarterly report, supported by a solid history of exceeding expectations [1][4]. Earnings Performance - Edison International has a track record of surpassing earnings estimates, with an average surprise of 2.91% over the last two quarters [2]. - In the most recent quarter, the company reported earnings of $1.13 per share against an expectation of $1.12, resulting in a surprise of 0.89%. In the previous quarter, it reported $1.28 per share compared to an estimate of $1.22, achieving a surprise of 4.92% [3]. Earnings Estimates and Predictions - Estimates for Edison International have been trending upward, influenced by its history of earnings surprises. The stock currently has a positive Zacks Earnings ESP of +0.66%, indicating bullish sentiment among analysts regarding its near-term earnings potential [4][7]. - The combination of a positive Earnings ESP and a Zacks Rank of 2 (Buy) suggests a strong likelihood of another earnings beat in the upcoming report, scheduled for July 25, 2024 [7]. Statistical Insights - Research indicates that stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [5]. - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions, which may be more accurate than earlier predictions [6].

Zacks Premium also includes the Zacks Style Scores. Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on. Growth Score The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research r ...

NEW YORK, July 18, 2024 /PRNewswire/ -- The Rockefeller Foundation announced today that John W. Rogers Jr., Chairman and co-CEO of Ariel Investments, LLC, has joined the Economic Opportunity Coalition's (EOC) Management Committee as Chair. In addition, the EOC is an innovative initiative that has received new procurement commitments from Edison International, Exelon Corporation, and Southern Company. The three companies join Xcel Energy, Micron, and Air Product in advancing the EOC's goal of partnering with ...

Sector Diversification Geographic Diversification UTF Factsheet UTF has a strong track record of regular distributions since its inception in 2004. The CEF makes monthly payments of $0.155/share, calculating an 8% annualized yied. YTD 2024, UTF's distributions are estimated as 51% NII (qualified dividends) and 49% long-term capital gains. UTF employs a 30% leverage in its investment strategy, with 85% carrying rates fixed at 1.6% with a weighted average term of 2.2.6 years. The CEF's weighted average cost o ...

It has been about a month since the last earnings report for Edison International (EIX) . Shares have added about 2.9% in that time frame, underperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Edison International due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Edison International Q1 E ...

D-Keine I've been looking at the preferred issues of Southern California Edison, the main subsidiary of Edison International (NYSE:EIX), in line with the thesis the market hasn't fully realized how much wildfire risk has decreased for California utilities. SoCal Edison provides electricity for about 15 million people in a 50,000 square-mile area of Central and Southern California. Edison International also owns Edison Energy, a global advisory firm, but it is too small to have a material effect on operation ...

Battery stocks may be resurgent, even as flagging electric vehicle (EV) sales and similar skepticism have suppressed the wider sector. Increased regulatory refinement and the still-emergent GreenTech revolution increase battery stock picks in the coming months.March 20, the Environmental Protection Agency issued new rules granting U.S. automakers additional time to reduce vehicle CO2 emissions. These revised regulations stipulate more gradual reductions for 2027, 2028 and 2029 before significantly intensify ...

Edison International (EIX) reported first-quarter 2024 adjusted earnings of $1.13 per share, which surpassed the Zacks Consensus Estimate of $1.12 by 0.9%. The bottom line also increased 3.7% from $1.09 in the year-ago quarter.The company incurred a GAAP loss of 3 cents per share against earnings of 81 cents per share recorded in the first quarter of 2023.Total RevenuesEdison International's first-quarter operating revenues totaled $4.08 billion, which missed the Zacks Consensus Estimate of $4.14 billion by ...

Edison International (NYSE:EIX) Q1 2024 Earnings Conference Call April 30, 2024 4:30 PM ET Company Participants Sam Ramraj - Vice President of Investor Relations Pedro Pizarro - President and Chief Executive Officer Maria Rigatti - Executive Vice President and Chief Financial Officer Steven Powell - President and Chief Executive Officer of SCE Conference Call Participants Nick Campanella - Barclays Capital Michael Lonegan - Evercore ISI Gregg Orrill - UBS Securities Jeremy Tonet - J.P. Morgan Ryan Levine - ...

Annual Risk of accessing the Wildfire Fund3 1. Baseline risk estimated by Risk Management Solutions, Inc. (Moody's RMS) using its wildfire model, relying on the following data provided by SCE: the location of SCE's assets, CPUC reportable ignitions from 2014–Q3 2023, mitigation effectiveness and locations of installed covered conductor, tree removals, inspections, line clearing, fast curve settings, and PSPS de-energization criteria 2. There are risks inherent in the simulation analysis, models and predicti ...