Edison International (EIX) News Today

Edison International (NYSE:EIX) shares have moved following a mix of quarterly results, guidance updates and analyst revisions. Positive earnings surprises and upward analyst forecasts have been tempered by wildfire-related costs, lower guidance bounds and ongoing regulatory probes. Key developments include:

• Positive Sentiment: EIX topped Q2 EPS and revenue forecasts, reporting $0.97/share vs. $0.88 consensus and $4.54B revenue vs. $4.52B expected. Earnings Beat Article
• Positive Sentiment: Seaport Res Ptn raised its FY2025 EPS forecast to $6.08 from $6.02, reflecting growing confidence in the utility’s long-term earnings power. Analyst Revision Article
• Neutral Sentiment: Edison provided an update on its grid modernization efforts, underscoring continued investment in infrastructure to enhance reliability. Grid Modernization Article
• Neutral Sentiment: Launched a wildfire compensation program for Eaton fire victims, demonstrating community support while adding potential near-term expenses. Wildfire Compensation Article
• Neutral Sentiment: California Governor Newsom seeks an additional $18B for the state’s wildfire fund, a development that could affect utility liability frameworks. Wildfire Fund Article
• Negative Sentiment: Zacks Research cut Q2 EPS estimates to $0.93 from $1.30, citing margin pressure from rising expenses. Zacks Pessimistic Article
• Negative Sentiment: EIX’s quarterly net income fell ~22% year-over-year to $343M as costs and ongoing L.A. wildfire investigations weighed on profitability. Profit Fall Article
• Negative Sentiment: EIX updated its FY2025 EPS guidance to a range of $5.94–$6.34, with the lower bound below the $6.06 consensus, suggesting potential downside risk. Guidance Update Article