The 10-second takeaway
For the quarter ended March 31 (Q1), Edison International met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew slightly and GAAP earnings per share contracted significantly.
Margins shrank across the board.
Edison International recorded revenue of $2.86 billion. The four analysts polled by S&P Capital IQ wanted to see a top line of $2.86 billion on the same basis. GAAP reported sales were 2.6% higher than the prior-year quarter's $2.78 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.35. The 13 earnings estimates compiled by S&P Capital IQ averaged $0.50 per share. GAAP EPS of $0.28 for Q1 were 54% lower than the prior-year quarter's $0.61 per share. (The prior-year quarter included -$0.01 per share in earnings from discontinued operations.)
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 27.1%, 400 basis points worse than the prior-year quarter. Operating margin was 11.1%, 500 basis points worse than the prior-year quarter. Net margin was 3.3%, 390 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $2.95 billion. On the bottom line, the average EPS estimate is $0.43.
Next year's average estimate for revenue is $12.61 billion. The average EPS estimate is $2.75.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 295 members out of 312 rating the stock outperform, and 17 members rating it underperform. Among 95 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 93 give Edison International a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Edison International is outperform, with an average price target of $46.28.
Can your portfolio provide you with enough income to last through retirement? You'll need more than Edison International. Learn how to maximize your investment income and "Secure Your Future With 9 Rock-Solid Dividend Stocks." Click here for instant access to this free report.
- Add Edison International to My Watchlist.
Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.