The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Edison International beat expectations on revenues and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue grew slightly. Non-GAAP earnings per share grew significantly. GAAP loss per share contracted.
Margins increased across the board.
Edison International chalked up revenue of $3.06 billion. The three analysts polled by S&P Capital IQ predicted revenue of $2.61 billion on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 $1.79. The 14 earnings estimates compiled by S&P Capital IQ predicted $1.07 per share. Non-GAAP EPS of $1.79 for Q4 were 139% higher than the prior-year quarter's $0.75 per share. GAAP EPS were -$1.64 for Q4 against -$2.58 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 38.5%, 860 basis points better than the prior-year quarter. Operating margin was 26.2%, much better than the prior-year quarter. Net margin was -17.6%, much better than the prior-year quarter.
Next quarter's average estimate for revenue is $2.96 billion. On the bottom line, the average EPS estimate is $0.61.
Next year's average estimate for revenue is $12.47 billion. The average EPS estimate is $3.23.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 298 members out of 316 rating the stock outperform, and 18 members rating it underperform. Among 94 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 93 give Edison International a green thumbs-up, and one 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 $49.38.
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