What's In Store For Edison International (EIX) Q3 Earnings?
Zacks Investment Research | Oct 22, 2019 09:34PM ET
Edison International (NYSE:EIX) is scheduled to release third-quarter 2019 results on Oct 29, after market close. In the last reported quarter, the company delivered a positive earnings surprise of 37.39%.
Let’s discuss the factors that are likely to get reflected in the upcoming quarterly results.
Factors to Consider
During September, most of Edison International’s service territories experienced warmer-than-normal weather. In July and August, weather conditions were mostly dry. This indicates no notable increase in household expenditure on cooling by customers. Therefore, we expect weather to have not made any significant impact on the company’s third-quarter revenues.
The Zacks Consensus Estimate for third-quarter revenues is pegged at $4.28 billion, which indicates a rise of 0.35% from the year-ago quarter’s reported figure.
In terms of expenses, Edison International has been witnessing higher cost of goods sold and interest expense for the last couple of years. The trend is likely to have continued in the third quarter and impacted the company’s earnings.
The Zacks Consensus Estimate for third-quarter earnings is pegged at $1.55 per share, which suggests a 0.64% decline from the prior-year quarter’s reported number.
Earnings Whispers
Our proven model doesn’t conclusively predict an earnings beat for Edison International this time around. The combination of a positive Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.