Will Edison International (EIX) Beat Estimates Again in Its Next Earnings Report?

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].