Latest news with #EIX
Yahoo
19-05-2025
- Business
- Yahoo
Should Value Investors Buy Edison International (EIX) Stock?
Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers. Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels. Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today. Edison International (EIX) is a stock many investors are watching right now. EIX is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. The stock holds a P/E ratio of 9.51, while its industry has an average P/E of 15.07. Over the past 52 weeks, EIX's Forward P/E has been as high as 16.23 and as low as 8.63, with a median of 14.14. EIX is also sporting a PEG ratio of 1.36. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. EIX's industry has an average PEG of 1.91 right now. Within the past year, EIX's PEG has been as high as 1.91 and as low as 1.02, with a median of 1.33. Another valuation metric that we should highlight is EIX's P/B ratio of 1.29. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. This stock's P/B looks solid versus its industry's average P/B of 2.15. EIX's P/B has been as high as 2.09 and as low as 1.18, with a median of 1.80, over the past year. Value investors also use the P/S ratio. The P/S ratio is is calculated as price divided by sales. Some people prefer this metric because sales are harder to manipulate on an income statement. This means it could be a truer performance indicator. EIX has a P/S ratio of 1.3. This compares to its industry's average P/S of 2.31. Finally, investors should note that EIX has a P/CF ratio of 3.59. This data point considers a firm's operating cash flow and is frequently used to find companies that are undervalued when considering their solid cash outlook. This company's current P/CF looks solid when compared to its industry's average P/CF of 8.91. Over the past 52 weeks, EIX's P/CF has been as high as 8.21 and as low as 3.27, with a median of 6.96. These are just a handful of the figures considered in Edison International's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that EIX is an impressive value stock right now. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Edison International (EIX) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Reuters
16-05-2025
- Business
- Reuters
Southern California Edison submits three-year wildfire mitigation plan
May 16 (Reuters) - Southern California Edison (SCE), a unit of utility Edison International (EIX.N), opens new tab, said on Friday it has submitted a three-year wildfire mitigation plan to California's Office of Energy Infrastructure Safety. The plan builds on efforts to address immediate and long-term wildfire risks in response to extreme weather events, SCE said. Southern California Edison has been facing multiple lawsuits alleging that its electrical equipment started one of the major wildfires in the Los Angeles area – the Eaton fire. In April, the utility had submitted an initial plan to rebuild the areas within its service territory that were devastated by the Los Angeles wildfires. The wildfires tore across Los Angeles starting on January 7, leading to dozens of deaths and destroying thousands of homes. It is estimated to be the most expensive natural disaster in U.S. history. The company expects an investment of $6.2 billion over three years from 2026 to 2028 to achieve the plan.
Yahoo
30-04-2025
- Business
- Yahoo
Edison International (EIX) Q1 2025 Earnings Call Highlights: Strong EPS Growth Amid Wildfire ...
Core Earnings Per Share (EPS): $1.37, compared to $1.13 a year ago. EPS Guidance for 2025: Affirmed range of $5.94 to $6.34. Long-term EPS Growth Expectation: 5% to 7% CAGR from 2025 to 2028, translating to $6.74 to $7.14 of 2028 EPS. TKM Settlement Impact: Approximately $0.30 EPS contribution in Q1. Interest Expense: Higher at EIX Parent and Other. Wildfire Mitigation and Restoration Settlement: Awaiting CPUC approval, authorizing 100% of capital expenditures and 96% of O&M. Capital Expenditure Forecast: Includes $1.4 billion annually on wildfire mitigation and $2 billion of FERC transmission spending. Debt Issuance: $550 million of senior notes by EIX and $1.5 billion of long-term debt by SCE. Warning! GuruFocus has detected 10 Warning Signs with EIX. Release Date: April 29, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Edison International (NYSE:EIX) reported a significant increase in core earnings per share, rising to $1.37 from $1.13 year-over-year. The company remains confident in meeting its 2025 EPS guidance and delivering a 5% to 7% core EPS CAGR through 2028. Edison International (NYSE:EIX) has made substantial progress in regulatory proceedings, including a settlement agreement in its WMCE proceeding related to wildfire mitigation and restoration. The company is executing a comprehensive plan to rebuild and harden electrical infrastructure in wildfire-affected areas, which includes undergrounding over 150 circuit miles. Edison International (NYSE:EIX) has successfully addressed its parent debt needs for 2025 through a $550 million senior notes issuance, demonstrating strong investor support. The company faces potential material losses related to the Eaton fire, with ongoing investigations and pending litigation. Edison International (NYSE:EIX) has not yet received a decision in its 2025 General Rate Case, creating uncertainty in revenue recognition. The company is dealing with increased interest expenses, partially offsetting earnings gains. There is uncertainty regarding the legislative efforts to enhance California's wildfire framework, with no guarantees of action in the current session. The potential liability from the Eaton fire is not yet estimable, and the company has not ruled out the possibility of its equipment being involved. Q: What drove Edison International to disclose a potential material loss related to the Eaton fire now, and how does this relate to the $21 billion wildfire fund? A: Pedro Pizarro, President and CEO, explained that the disclosure was made due to the absence of another likely cause for the fire, despite ongoing investigations. The potential liability is not yet estimable, and while third-party estimates suggest the fire's cost might be within the fund's range, it's too early to determine the exact liability. Q: How will potential liabilities from the Eaton fire affect Edison International's financing plan? A: Maria Rigatti, CFO, stated that the company will utilize the wildfire fund, which negates the need for issuing debt to pay claims. The financing plan will focus on normal capital needs, and the company will update its plan after the General Rate Case (GRC) decision. Q: What are the prospects for updated wildfire legislation in California, and will it provide more certainty for investors? A: Pedro Pizarro expressed confidence that legislative leaders understand the need for expanding the AB 1054 framework. While discussions are ongoing, there is no guarantee of immediate action, but the engagement level is encouraging. Q: How is Edison International addressing potential risks from idle or abandoned lines in its wildfire mitigation plans? A: Pedro Pizarro noted that idle lines are maintained and inspected for future use. The company continuously updates its wildfire mitigation plans based on new learnings, including adding clarity to operational manuals for grounding idle lines. Q: How does Edison International plan to finance incremental capital expenditures, such as the ERP and AMI programs? A: Maria Rigatti explained that the company typically finances capital in line with its authorized capital structure. The current financing plan through 2028 involves minimal equity and is largely debt-financed, with capacity to meet capital needs. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Yahoo
29-04-2025
- Business
- Yahoo
Edison International: Q1 Earnings Snapshot
ROSEMEAD, Calif. (AP) — ROSEMEAD, Calif. (AP) — Edison International (EIX) on Tuesday reported first-quarter net income of $1.49 billion. On a per-share basis, the Rosemead, California-based company said it had net income of $3.72. Earnings, adjusted for non-recurring gains, were $1.37 per share. The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.21 per share. The electric power provider posted revenue of $3.81 billion in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $4.13 billion. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on EIX at Sign in to access your portfolio
Yahoo
30-03-2025
- Business
- Yahoo
Edison International (EIX): One of the Oversold Stocks to Buy in 2025 Amid Inflation Fears
We recently published a list of . In this article, we are going to take a look at where Edison International (NYSE:EIX) stands against other oversold stocks to buy in 2025 amid inflation fears. The stock market continues to face significant volatility, with major indices continuing their decline from last week. The S&P 500 is down nearly 2%, while the Nasdaq is equally struggling at over 2.5% in the red. The implementation of new tariffs had already spooked the market. However, it was dealt an additional blow as the core Personal Consumption Expenditures index reading came in hotter than expected. Inflation and recession concerns are dominating the market, but this also presents an opportunity for outperformance. Stocks that are oversold as a result of the current dip present a great opportunity for outperformance in 2025. We decided to come up with a list of such stocks. To ensure that these stocks were suitable for a bear market, were it to persist, we also added an additional criterion of a strong dividend yield so that investors can accumulate dividends while they wait for a market turnaround. For this list, we only considered stocks with a market cap of at least $2 billion that are down considerably since the start of the year. A large coal mining complex on a sunny day, with heavy machinery moving vast amounts of earth. Edison International (NYSE:EIX) is an electric power generator and distributor company. It delivers electricity to approximately 50,000 square miles of area through its electrical infrastructure. The company serves public authorities, commercial, residential, industrial, agricultural, and other sectors. The stock is following a downward trend, declining by 27% this year. Edison International (NYSE:EIX) is struggling because of the aftermath of the Los Angeles Wildfires, with investigations underway to determine if the company's equipment was responsible for starting the fires. Earlier this month, the company was sued by Los Angeles County, but it could take months before the company's role in the wildfires can be determined and the lawsuits settled. On the earnings front, things are healthy. Last month's earnings report showed an EPS of $4.93 for the previous year, comfortably above the midpoint of its guidance. According to the CEO Pedro Pizarro, the firm is on track to register an EPS annual growth rate of 5% – 7% till 2028. Overall, EIX ranks 2nd on our list of oversold stocks to buy in 2025 amid inflation fears. While we acknowledge the potential of EIX as a leading investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is as promising as EIX but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: and . Disclosure: None. This article is originally published at . Sign in to access your portfolio
