Core Viewpoint - Edison International (EIX) is expected to report a year-over-year decline in earnings due to lower revenues, with the consensus outlook being crucial for assessing the company's earnings picture [1][3]. Earnings Expectations - The upcoming earnings report is anticipated to be released on October 28, with expected earnings of $1.19 per share, reflecting a year-over-year decrease of 21.2% [3]. Revenues are projected to be $5.2 billion, showing no change from the previous year [3]. Estimate Revisions - The consensus EPS estimate has been revised 0.65% higher in the last 30 days, indicating a slight positive reassessment by analysts [4]. However, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -0.14%, suggesting a bearish outlook on earnings prospects [12]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive or negative reading can predict the deviation of actual earnings from consensus estimates, with a positive ESP being a strong predictor of an earnings beat [9][10]. Edison International's current Zacks Rank is 2, which complicates the prediction of an earnings beat despite the negative ESP [12]. Historical Performance - In the last reported quarter, Edison International had an earnings surprise of +10.23%, beating the expected earnings of $0.88 per share by delivering $0.97 [13]. Over the last four quarters, the company has surpassed consensus EPS estimates three times [14]. Industry Comparison - PG&E (PCG), a competitor in the electric power industry, is expected to report earnings of $0.46 per share, representing a year-over-year increase of 24.3%, with revenues projected at $6.62 billion, up 11.4% from the previous year [18][19]. PG&E's consensus EPS estimate has been revised 5.2% lower, but a higher Most Accurate Estimate results in a positive Earnings ESP of +1.45%, indicating a likely earnings beat [19].
Analysts Estimate Edison International (EIX) to Report a Decline in Earnings: What to Look Out for