- Edison International reported an increase in operating revenue for the second quarter, totaling $4.54 billion, a 4.8% rise compared to the previous year.
- The operating revenue surpassed estimates, which were $4.33 billion.
- Core Earnings Per Share (EPS) dropped to 97 cents compared to $1.23 from the same period the previous year.
- Operating expenses increased by 9.7%, reaching $3.77 billion.
- Operating income declined by 14% to $775 million.
- Southern California Edison’s (SCE) core earnings were $474 million, representing a 15% decrease year-over-year.
- The loss from Edison International parent and other was $100 million, which is an increase of 19% compared to the prior year.
- Analyst recommendations for Edison International included 12 buys, 4 holds, and 2 sells.
Edison International on Smartkarma
Edison International has been receiving analyst coverage on Smartkarma, a platform where independent analysts share their research. One recent report by Baptista Research, titled “Edison International: How Is It Changing Its Capital Structure & Financing Strategies to Support Future Growth!”, delves into key developments and insights regarding the company’s operations and finances. The report discusses the impacts of the Southern California wildfires aftermath, as well as the financial and regulatory consequences. Edison International‘s core EPS of $4.93 for 2024, slightly exceeding its guidance midpoint, demonstrates a consistent performance record spanning two decades.
A look at Edison International Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 4.0 |
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
Analysts at Smartkarma have assessed Edison International and provided an overall positive outlook for the company. With a high Dividend score of 5 and a Growth score of 5, Edison International is seen as a reliable investment option for the long term. The company’s strong Value score of 4 adds to its attractiveness for investors looking for stability and potential returns.
While Edison International scored slightly lower in Resilience and Momentum with scores of 3, the Company’s diversified operations in electric power generation, financial services, and real estate projects provide a solid foundation for growth. Investors may find Edison International a promising prospect based on these Smart Scores.
### Summary: Edison International, through its subsidiaries, develops, acquires, owns, and operates electric power generation facilities worldwide. The Company also provides capital and financial services for energy and infrastructure projects, as well as manages and sells real estate projects. Additionally, Edison provides integrated energy services, utility outsourcing, and consumer products. ###
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.
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