From what 15 stock analysts predict, the share price for Edison International (EIX) might increase by 9.41% in the next year. This is based on a 12-month average estimation for EIX. Price targets go from $73.5 to $100. The majority of stock analysts believe EIX is a buy. Please note analyst price targets are not guaranteed and could be missed completely.
About 15 Wall Street analysts have assigned EIX 8 buy ratings, 7 hold ratings, and 0 sell ratings. This means that analysts expect Edison International to outperform the market. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on EIX. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.
These are the latest 20 analyst ratings of EIX.
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
---|---|---|---|---|
Julien Dumoulin-Smith Jefferies | Buy | $93 | Initiates | Nov 7, 2024 |
Paul Fremont Ladenburg Thalmann | Sell | $73.5 | Upgrade | Nov 1, 2024 |
Nicholas Campanella Barclays | Equal-Weight | $91 | Maintains | Oct 30, 2024 |
Neil Kalton Wells Fargo | Overweight | $94 | Maintains | Oct 30, 2024 |
Nicholas Campanella Barclays | Equal-Weight | $89 | Maintains | Oct 15, 2024 |
Shelby Tucker RBC Capital | Outperform | $100 | Maintains | Oct 4, 2024 |
David Arcaro Morgan Stanley | Underweight | $72 | Maintains | Sep 25, 2024 |
Shelby Tucker RBC Capital | Outperform | $94 | Reiterates | Sep 16, 2024 |
Ross Fowler B of A Securities | Buy | $95 | Reinstates | Sep 12, 2024 |
Marie Ferguson Argus Research | Buy | $97 | Maintains | Sep 11, 2024 |
Nicholas Campanella Barclays | Equal-Weight | $91 | Maintains | Sep 4, 2024 |
Daniel Ford UBS | Neutral | $89 | Maintains | Sep 4, 2024 |
David Arcaro Morgan Stanley | Underweight | $68 | Maintains | Aug 23, 2024 |
Durgesh Chopra Evercore ISI Group | Outperform | $88 | Maintains | Aug 14, 2024 |
Nicholas Campanella Barclays | Equal-Weight | $80 | Maintains | Jul 30, 2024 |
Shahriar Pourreza Guggenheim | Buy | $83 | Maintains | Jul 26, 2024 |
Neil Kalton Wells Fargo | Overweight | $87 | Maintains | Jul 26, 2024 |
Daniel Ford UBS | Neutral | $82 | Downgrade | Jul 19, 2024 |
David Arcaro Morgan Stanley | Underweight | $61 | Maintains | Jun 24, 2024 |
Marie Ferguson Argus Research | Buy | $82 | Maintains | Jun 12, 2024 |
When did it IPO
1980
Staff Count
14,375
Country
United States
Sector/Industry
Utilities/Utilities - Regulated Electric
CEO
Dr. Pedro J. Pizarro
Market Cap
$32.04B
In 2023, EIX generated $16.34B in revenue, which was a decrease of -5.12% from the previous year. This can be seen as a signal that EIX's business is declining, and its share price could be worth less in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Summary - EIX's Q3 earnings exceeded estimates with a 3.7% year-over-year revenue increase. The company has also narrowed its EPS outlook for 2024.
Why It Matters - EIX's strong Q3 earnings and revenue growth indicate solid performance, potentially boosting investor confidence. The narrowed EPS outlook suggests focused guidance, impacting future stock valuation.
Summary - Edison International is viewed as a qualitative utility company but is currently considered overvalued, leading to a recommendation against buying the stock.
Why It Matters - Overvaluation of Edison International suggests potential price corrections, impacting investor sentiment and decision-making in the utility sector.
Summary - Edison International (NYSE:EIX) will host its Q3 2024 earnings conference call on October 29, 2024, at 4:30 PM ET, featuring key executives and analysts from major financial firms.
Why It Matters - Edison International's Q3 2024 earnings call will provide insights into its financial performance, impacting stock valuation and investment decisions in the utility sector.
Summary - Edison International reported Q3 net income of $516 million ($1.33/share), up from $155 million ($0.40/share) last year. Adjusted core earnings were $582 million ($1.51/share), also an increase.
Why It Matters - Edison International's significant increase in net income and core earnings per share signals strong financial performance, potentially boosting investor confidence and share price.
Summary - Edison International (EIX) reported Q3 earnings of $1.51 per share, surpassing estimates of $1.39 and up from $1.38 per share year-over-year.
Why It Matters - Edison International's earnings beat expectations and show year-over-year growth, indicating strong performance that could boost investor confidence and stock price.
Summary - Southern California Edison plans to redeem all Series H Preference Stock and associated 5.75% Trust Preference Securities on Nov. 28, 2024, at $25 each plus accrued dividends.
Why It Matters - The redemption of Series H Preference Stock and Trust Preference Securities signals a shift in capital structure, potentially affecting cash flow and investor returns for Southern California Edison.