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.
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