Edison International’s Stock Price Plummets to $53.51, Marking a Sharp 8.89% Decline

Edison International (EIX)

53.51 USD -5.22 (-8.89%) Volume: 11.25M

Edison International’s stock price experiences a significant drop, trading at $53.51, a decrease of -8.89% this session, with a high trading volume of 11.25M. The stock continues its downward trend, marking a YTD decrease of -32.98%, indicating a challenging period for EIX investors.

Latest developments on Edison International

Edison International has been facing challenges recently, with the likelihood of ‘material losses’ related to the Eaton fire, as stated by the company’s CEO. The investigation into the LA fire is expected to take a year or more, further impacting Edison’s stock price movements. Despite strong Q1 earnings and raised guidance, the company’s stock underperformed compared to its competitors. With concerns over potential losses linked to the Eaton fire, investors are closely watching how Edison International navigates these challenges and continues its grid modernization efforts.

Edison International on Smartkarma

Analysts on Smartkarma, such as Baptista Research, have been closely following the developments at Edison International. In a recent report titled “Edison International: How Is It Changing Its Capital Structure & Financing Strategies to Support Future Growth!”, the analysts discussed the company’s financial update post the Southern California wildfires. Edison International reported a core EPS of $4.93 for 2024, slightly exceeding its guidance range. This consistent performance over the past two decades has garnered positive sentiment from analysts.

Another report by Baptista Research, “Edison International: Innovation & Technological Investments As A Vital Tool For Growth! – Major Drivers”, delved into the company’s third-quarter 2024 financial results. The report highlighted Edison International‘s strategic initiatives and regulatory developments, showcasing both challenges and opportunities for the company. With a reported core EPS of $1.51 for the quarter and a narrowing of its 2024 core EPS guidance, analysts are optimistic about the company’s ability to achieve its 2025 EPS guidance and maintain a healthy EPS compound annual growth rate through 2028.

A look at Edison International Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Edison International, a company that focuses on electric power generation and energy services, has received a mixed outlook based on the Smartkarma Smart Scores. While the company scores well in areas such as Dividend and Value, indicating strong returns for investors and a solid financial position, it lags behind in Resilience and Momentum. This suggests that Edison International may face challenges in adapting to market changes and maintaining growth momentum in the long term.

Despite some areas of concern, Edison International‘s overall outlook remains positive, with solid scores in Value, Dividend, and Growth. Investors looking for stable returns and a reliable dividend may find Edison International to be a promising option. However, the company’s lower scores in Resilience and Momentum indicate the need for careful monitoring of market trends and potential risks that could impact its long-term performance.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.

💡 Before it’s here, it’s on Smartkarma